SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES VOL.02 ISSUE. 01 NO.03
SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES VOL. 2 NO. 1 PAPER 3
 
DYNAMICS OF VRS IN BANKING SECTOR: A CASE STUDY IN THE PONDICHERRY REGION
 
K. Mohan
Reader, School of Management, Pondicherry University, Pondicherry, India
 
This study aims at analyzing the dynamics of VRS among the VRS opted employees of State Bank of India and Canara Bank in the Pondicherry Region. An Attempt has been made to perceive the effects of VRS in a comprehensive form covering various factors like the principles behind VRS, the employees’ opinion towards VRS, its impact on personal life, identification of psychological effects in opting for VRS, causes for and effects of VRS, life after VRS and its impact on organizations and on individuals. A survey was conducted among the VRS opted employees of SBI and Canara Bank in the Pondicherry Region through an interview schedule and data, collected through primary sources combined with the secondary sources, have been analysed, using different statistical tools. The results of the study reveal the employees’ views with regard to VRS and its impact on employees and on orgranisations. All the factors considered for this study were found to be almost satisfactory in all cases except in few areas. Suitable suggestions are given at the end of the study based on the observations and deviations found in the study to make VRS a really meaningful and purposeful concept.
 
KEYWORDS: VRS, Banks, Total quality Management JEL CLASSIFICATIONS: G21, J26, M12 FULL TEXT