Sources and Effects of Occupational Stress in Banks: A Literature Review of Public and Private Sector Employees in Chandrapur City

Abstract

The purpose of this literature review is to investigate the causes and consequences of occupational stress that workers of public and private sector banks in Chandrapur City face. An increasing number of people are becoming concerned about occupational stress in the banking profession. This is mostly because of the high expectations, workload, client engagement, and organisational pressures that are intrinsic to the industry. The study provides a synthesis of the available research on the key stresses in both companies, stressing the variations in organisational culture, work environment, and management techniques that exist between the two industries. When compared to workers in the private sector, those working in the public sector are more likely to feel stress as a result of performance-driven expectations, longer working hours, and fierce competition. Bureaucratic procedures, inflexible structures, and restricted autonomy are the primary causes of stress for public sector bank employees. The review also investigates the physiological and psychological repercussions of stress, including as burnout, anxiety, and decreased productivity, all of which may have substantial ramifications for the well-being of workers as well as the success of the organisation. In conclusion, the study delves into a variety of stress management measures that are used in both the public and private sectors. These strategies include organisational support networks, employee wellness programs, and training efforts that are targeted at reducing stress. The purpose of this evaluation is to give significant insights into the nature of occupational stress in the banking industry, especially within the context of Chandrapur City. It also highlights the need of addressing these concerns in order to enhance employee health and the results of the organisation.