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Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks 4
Impact of OCTAPACE Model on Banking Employees:
A Comparative Study of Private and
Public Sector Banks
Rashmi Upadhyay1
TanujaSingh2
Pankaj Upadhyaya3
Abstract
Organisational culture is an aspect that impacts every organisation’s functioning, different
organisation needs different kind of culture to be set up. It is defined in terms of
shared meaning, patterns of beliefs, rituals, symbols, and myths that evolve over time,
service to reduce human variability and control and shape employee behaviour in
organisation. The present research aims to compare private sector and public sector
banks in terms of values of employees. The study attempts to know the impact of
OCTAPACE model on banking employees of private and public sector banks in Rajasthan.
The sample includes equal number of employees from public and private sector banks.
The analysis shows that the employees perceive almost the same pattern in which the
various values exist in the organisations. The main implication of this research on
organisational culture suggest that there is a scope for further improvement in the
sample study organisations which would improve their work life by overcoming the
monotony.
Keywords : OCTAPACE, Organisational Culture, Bank.
Introduction
rganisational culture is an aspect that impacts every organisation’s functioning, different
organisation needs different kind of culture to be set up. Organisational culture is
defined in terms of shared meaning, patterns of beliefs, rituals, symbols, and myths that
1. Student, MBA
2. Senior Research Fellow, UGC, Faculty of Management Studies, Mohanlal Sukhadia University,
Udaipur
3. Free Lance Management Researcher
O
Professional Panorama : An International Journal of Applied Management & Technology
5Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks
evolve over time, service to reduce human variability and control and shape employee behaviour
in organisation.
The OCTAPACE model is a 40 item instrument that gives the profile of organisation’s
ethos in 8 values. These values are openness, confrontation, trust, authenticity, proaction,
autonomy, collaboration, and experimentation. The instrument contains two parts, part 1,
values are stated in items 1 to 24, and the respondent is required to check on scale, that
how much each item is valued in organisation. Part 2 contains sixteen statements on beliefs,
and the respondent is required to check that how widely each of them is shared in the
organisation.
Importance of OCTAPACE Model
According to Pareek (2003) the Culture-related concepts also can be seen as multilevel
concepts. At the core (first level) are the values, which give a distinct identity to a group.
This is the basic ethos of the group. He defines ethos as, “Underlying spirit of character
or group and is the root of culture”. The second level concept is climate which can be
defined as the perceived attributes of an organisation and its members, groups and issues.
The third level concept relates to atmosphere, which is the distinct factor that affects the
development of someone or something
This model plays a very significant role in making organisations get the best out of themselves.
It provides the energy needed to function well by ensuring as it were a proper circulation
of blood through all the organs. The Corporate culture is one that results from the belief
of the top management initially and subsequently from the HRD systems and practices.
This model helps in maintaining the flow.
OCTAPACE in Banking Sector
OCTAPACE model in banking sector is used by human resource development professionals
and organisation development consultants to improve organisational ethos and to increase
openness, creativity, and collaboration. In banking sector this profile were used for action
planning.
l To study the senior subordinates relationship in the organisation,
l To study the values of organisation as well as employees in the organisation, and
l To study the working culture in the organisation.
Professional Panorama : An International Journal of Applied Management & Technology
6Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks
Dimensions of OCTAPACE Model
Source: Udai Pareek (2003), Training Instruments in HRD and OD.
Openness: It can be defined as a spontaneous expression of feelings and thoughts, and
the sharing of these without defensiveness.
Confrontation: Confrontation can be defined as facing rather than shying away from problems.
It also implies deeper analysis of interpersonal problems.
Trust: Trust is not used in the moral sense. It is reflected in maintaining the confidentiality
of information shared by others, and in not misusing it.The outcome of trust includes higher
empathy, timely support, reduced stress, and reduction and simplification of forms and procedures.
Authenticity: Authenticity is the congruence between what one feels, says and does. It
is reflected in owning up one’s mistakes, and in unreserved sharing of feelings. Authenticity
is closer to openness.
Proaction: Proaction means taking the initiative, preplanning and taking preventive action,
and calculating the payoffs of an alternative course before taking action.
Autonomy: Autonomy is using and giving freedom to plan and act in one’s own sphere.
It means respecting and encouraging individual and role autonomy..
Collaboration: Collaboration is giving help to, and asking for help from, others. It means
working together (individuals and groups) to solve problems and team spirit.
Experimenting: Experimenting means using and encouraging innovative approaches to solve
problems; using feedback for improving, taking a fresh look things, and encouraging creativity.
trust
authenti
city
collabora
tion
confronta
tion
autonomy
Dimansions
of
OCTAPACE
model
experime
ntation
proaction
openness
Professional Panorama : An International Journal of Applied Management & Technology
7Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks
Literature Review
In order to carry out the present research, several studies were reviewed. According to
Derek and Simon (2003) increase in job complexity and task autonomy will increase group
cohesiveness, which subsequently translates to better performance. The positive effects of
job complexity and autonomy on group cohesiveness are also found to be more prominent
for individualistic rather than collectivistic work groups. Eelke de Jong (2006) in their study
showed that there indeed exits a relationship between different dimensions of culture and
openness. The researcher found individualism to have a positive effect on openness and
uncertainty avoidance to have a negative effect on openness. In the opinion of Hassan
(2012) organisation should focus more on these aspects of OCTAPACE Culture to have
effects on different types of commitment by their employees. According to Bhardwaj (2002)
the overall Human Resource Development climate in the organisations was good, significant
differences were also observed among three levels of management with respect to different
dimensions of Human Resource Development climate as well as overall Human Resource
Development climate. Another study conducted by Mittal (2013) the perception of employees
towards the Human Resource Development climate in the two leading banks and also tries
to find out the difference between the perception of employees of private and public sector
banks with respect to all the dimensions of Human Resource Development Climate. Verma
(2013) expresses that the employees having different age group, experience and qualification
have the same perception towards general climate. The OCTAPACE vary according to
the age and experience so the policies need to be customised with respect to it. According
to Mufeed (2006) the value of experimentation has been discouraging whereas the value
of authenticity had been well developed. The management and higher level manager never
encouraged the potential employees by sharing their new ideas. The study conducted by
Rainayee (2002) in commercial banks, team spirit and collaboration in both the banks are
found to be satisfactory. Srimannarayana (2007) in his study observed that OCTAPACE
culture was more widespread than Human Resource Development mechanisms and general
Human Resource Development climate. In the opinion of Vijayalakshmi (2014) the organisational
culture of IT companies by using OCTAPACE Tool and suggested a plan of action to
change the culture if required for a better organisational performance.
Objectives of the Study
As per present study researcher has framed the following objectives:
l To determine the characteristics of different groups of people within an organisation.
l To identify and measure the perceived organisational culture and its various dimensions.
l To study how different groups (executives and non-executives) of an organisation
perceive its culture.
l To identify the level of the OCTAPACE in an organisation.
Professional Panorama : An International Journal of Applied Management & Technology
8Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks
l To assess the use of OCTAPACE within an organisation.
l To establish an OCTAPACE culture and maximizes production system effectiveness.
Research Design
The present study is to compare private sector or public sector banks in terms of values
of employees. It is being made to know the impact of OCTAPACE model on banking
employees. The research is mainly based on descriptive, qualitative and quantitative research;
it is conducted by doing survey with the help of questionnaire and direct interviews.
Bank employees are chosen as respondents on the basis of simple random sampling in
which each respondent have equal chance of selection. The study includes employees of
public sector as well as private sector banks of Rajasthan. For the data collection Rajasthan
was taken as a sampling unit. 50 bank employees were chosen where 25 are of private
sector banks or 25 are of public sector bank.
Sources of Data Collection
In the present study, primary as well as secondary data has been used. Primary data collected
through questionnaire. Secondary data from various research papers, books, magazines, articles
etc.
Data Analysis
Table 1: Demographic
Organisation Type No. of Name
Name Employees
ICICI Private 14
YES Private 6
SBBJ Public 8
HDFC Private 5
Bank of India Public 7
SBI Public 10
The present study has been carried out on about 25 employees of private sector banks
and 25 employees of public sector banks of Rajasthan such as ICICI, SBBJ, HDFC, Bank
of Baroda, Yes bank, and SBI.
The above table 1 presents the data of 25 employees of private sector banks and 25 of
public sector banks. It shows that the maximum number of respondents are from ICICI
Professional Panorama : An International Journal of Applied Management & Technology
9Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks
Bank as compare to other banks less participation of respondents from HDFC Bank.
Gender of Respondent’s
The study is comprised of male and female employees.34 employees were man whereas
16 were woman. Random Sampling technique was used for collect information’s.
Table 2
Gender No. of Percentage
Employees
Male 34 68%
Female 16 32%
As shown in the table 2, it is evident that the major section of respondents is male employees.
Males are 68% and female are 32% of the respondents; it shows that there are less number
of woman working in banking sector as compare to males.
Analysis on Dimensions of OCTAPACE Model
There are 8 dimensions of this model the present study is carried out on these factors
of model.
1. Openness
Openness describes how the employees are taking steps to encourage more feedback and
suggestions from customers, colleagues and others.
Table 3
Response Private Public Total no of Percentage
Employees Employees Respondents
Yes 21 16 37 74%
No 04 09 13 26%
With respect to openness 74% employees follow this dimension where as 26% does not
follow, among the private sector employees 84% shown the positive response or 16% employees
shown the negative response towards it, whereas 64% of the public sector employees shown
the positive or 36% shown the negative response towards it.
Professional Panorama : An International Journal of Applied Management & Technology
10Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks
2. Confrontation
Confrontation is being used with some reservation and means putting up a front as contrasted
with putting one’s back (escaping) to the problem. With respect to this, study is carried
out.
Table 4
Response Private Public Total no of Percentage
Employees Employees Respondents
Yes 25 15 40 80%
No 00 10 10 20%
With respect to confrontation majority 80% said ‘Yes’ where as 20% said ‘No’. among
the private sector employees 100% shown the positive response or not a single employees
shown the negative response towards it, whereas 60% of the public sector employees shown
the positive or 40% shown the negative response towards it.
3. Trust
This factor is reflected in maintaining the confidentiality of information shared by others,
and in not misusing it. This is an important factor in an banking sector.
Table 5
Response Private Public Total no of Percentage
Employees Employees Respondents
Yes 15 24 39 78%
No 10 01 11 22%
With respect to trust in organisation majority 78% said ‘Yes’, and 22% said ‘No’. 60%
private employees feels that trust should be maintain in the organisation. Whereas in the
public sector 96% employees shown the positive response. It shows that confidential part
is maintained more in the public sector.
4. Authenticity
It is reflected in owning up one’s mistakes, and in unreserved sharing of feelings. Authenticity
is closer to openness. The outcome of authenticity in an organisation is reduced distortion
in communication.
Professional Panorama : An International Journal of Applied Management & Technology
11Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks
Table 6
Response Private Public Total no of Percentage
Employees Employees Respondents
Yes 15 25 40 80%
No 10 00 10 20%
With respect to authenticity 80% respondents are agree in private or public sector or said
‘Yes’ where as 20% respondents are disagree in it. Whether, it is private or public employees.
All the employees feel that there should be free flow of communication without any distortion.
5. Proaction
Proaction means taking the initiative, preplanning and taking preventive action, and calculating
the payoffs of an alternative course before taking action.
Table 7
Response Private Public Total no of Percentage
Employees Employees Respondents
Yes 25 10 35 70%
No 00 15 15 30%
With respect to proaction 70% respondents showed their positive response by saying ‘Yes’,
30% said ‘No’ in the private sector employees feels that there should be planning for taking
any action. In the public sector, employees are dependent on the higher authority.
6. Autonomy
Autonomy is using and giving freedom to plan and act in one’s own sphere. It means
respecting and encouraging individual and role autonomy.
Table 8
Response Private Public Total no of Percentage
Employees Employees Respondents
Yes 10 20 30 60%
No 15 05 20 40%
With respect to autonomy in organisation 60% respondents said ‘Yes’ whereas 40% said
Professional Panorama : An International Journal of Applied Management & Technology
12Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks
‘No’ as per the study in the private sector employees are free to perform any kind of
plan. They are less restricted as compare to public sector employs, in the public sector,
80% employees shown the favorable attitude or 20% were not in favour.
7. Collaboration
It means working together (individuals and groups) to solve problems and team spirit. The
outcome of collaboration includes timely help, team work, sharing of experiences, improved
communication and improved resource sharing
Table 9
Response Private Public Total no of Percentage
Employees Employees Respondents
Yes 24 24 48 96%
No 1 1 2 4%
With respect to collaboration majority 96% said ‘Yes’ whereas 4% did not agree to this.
It showed their response by saying ‘No’ respondents working in the organisation said that
team work is an important factor for getting any outcome more than 90% employees feels
team work should be there.
8. Experimentation
Experimenting means using and encouraging innovative approaches to solve problems; using
feedback for improving, taking a fresh look a things, and encouraging creativity
Table 10
Response Private Public Total no of Percentage
Employees Employees Respondents
Yes 20 08 28 56%
No 05 17 22 44%
With respect to experimentation in organisation comparatively study concluded that 56%
said ‘Yes’ whereas 44% said ‘No’. 80% employees of private sector feels that they used
to do experiment in their work in organisation, whereas 20% employees said ‘No’ in the
public sector.
Conclusion
The present study attempts to cover the culture of the organisations under study. The analysis
Professional Panorama : An International Journal of Applied Management & Technology
13Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks
shows that the employees perceive almost the same pattern in which the various values
exist in the organisations.
The main implication of this research on organisational culture suggest that there is a scope
for further improvement in the sample study organisations which would improve their work
life by overcoming the monotony.
The employees of public as well as private sector bank have a favourable attitude towards
HRD policies and practices of the organisations. However, employees having different age,
experience and qualification have the same perception towards the policies made by top
management. The OCTAPACE vary according to the age and experience, so the policies
need to be customised with respect to it.
Some of the dimensions OCTAPACE such as:
Openness in the organisation is at the higher level which shows that there is freedom to
communicate with in the organisation. Trust among the employees is at the higher level
which specifies mutual understanding between them. Experimentation is at the lower level
which represents that the top management lacks to encourage employees in building their
innovative thoughts, ideas and new processes which is essential for every software organisation.
Suggestions
In general, the top management should promote and imbibe culture among the employees
to feel free to discuss their ideas, activities and feelings about the area of their operations
related to their job description. The management should encourage their subordinates to
confront problems bravely without searching escape routes. The employees should be given
training in developing confrontation abilities and approaches for the creative problem solving.
The management should exhibit a very high level of authenticity implying that what it says,
it means and what it means, it says. Accepting people at their face value and trusting
their words and approach in the true spirit promotes authenticity. The culture of pro-activity
resolving issues should also be promoted. The management should involve people to anticipate
the problems and arrangements for their resolutions well in advance so that the necessary
systemic and process changes are made without compromising quality and quantity. Thus,
the management should work for developing the conducive organisational culture that requires
the culture of openness, collaboration, trust, pro-activity, autonomy, authenticity, confrontation
and experimentation.
References
1. Derek C. Man and Simon S. K (2003), The Effects of Job Complexity and Autonomy
on Cohesiveness in Collectivistic and Individualistic Work Groups: A Cross-cultural
Professional Panorama : An International Journal of Applied Management & Technology
14Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks
Analysis, Journal of Organisational Behaviour, 24(8), pp. 979-1001.
2. Eelke De Jong (2006), Culture and Openness, Social Indicators Research, 78(1),
pp. 111-136.
3. Hassan. J. (2012), An Empirical Study of OCTAPACE Culture and Organisational
Commitment, International Journal of Retailing & Rural Business Perspectives,
Vol. 1, No 2 (2012).
4. Mishra P, Bhardwaj G. (2002), Human Resource Development Climate: An Empirical
Study among Private Sector Managers, Indian Journal of Industrial Relations, Vol.38,
and No.1.
5. Mittal and Verma (2013), HRD Climate in SBI Bank, Pacific Business Review, Volume
5 Issue 11.
6. Mittal S. (2013), HRD Climate in Public and Private Sector Banks, Indian Journal
of Industrial Relations, Vol. 49, No. 1.
7. Mufeed S.A (2006), The Need for a Focus on Key Elements of HRD Climate in
Hospitals: An Empirical Study, Management of Labour Studies, XLRI, 31, 57–65.
8. Pareek U. (2003), Training Instruments in HRD and OD, 2nd
ed. Tata McGraw-
Hill Publishing Company Limited, New Delhi.
9. Rainayee R. (2002), HRD Climate in Commercial Banks: An Empirical Study, The
Business Review, 9, pp. 1–9.
10. Srimannarayana M. (2007), Human Resource Development in Dubai Organisations,
Indian Journal of Industrial Relations, 43 (1), pp. 1-12.
11. Vijayalakshmi. S (2014), Impact of OCTAPACE Culture: A Study of Selected IT
Organisations in Bangalore, Volume 2, Issue 1.

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Impact of OCTAPACE Model on Banking Employees: A Comparative Study of Private and Public Sector Banks

  • 1. Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks 4 Impact of OCTAPACE Model on Banking Employees: A Comparative Study of Private and Public Sector Banks Rashmi Upadhyay1 TanujaSingh2 Pankaj Upadhyaya3 Abstract Organisational culture is an aspect that impacts every organisation’s functioning, different organisation needs different kind of culture to be set up. It is defined in terms of shared meaning, patterns of beliefs, rituals, symbols, and myths that evolve over time, service to reduce human variability and control and shape employee behaviour in organisation. The present research aims to compare private sector and public sector banks in terms of values of employees. The study attempts to know the impact of OCTAPACE model on banking employees of private and public sector banks in Rajasthan. The sample includes equal number of employees from public and private sector banks. The analysis shows that the employees perceive almost the same pattern in which the various values exist in the organisations. The main implication of this research on organisational culture suggest that there is a scope for further improvement in the sample study organisations which would improve their work life by overcoming the monotony. Keywords : OCTAPACE, Organisational Culture, Bank. Introduction rganisational culture is an aspect that impacts every organisation’s functioning, different organisation needs different kind of culture to be set up. Organisational culture is defined in terms of shared meaning, patterns of beliefs, rituals, symbols, and myths that 1. Student, MBA 2. Senior Research Fellow, UGC, Faculty of Management Studies, Mohanlal Sukhadia University, Udaipur 3. Free Lance Management Researcher O
  • 2. Professional Panorama : An International Journal of Applied Management & Technology 5Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks evolve over time, service to reduce human variability and control and shape employee behaviour in organisation. The OCTAPACE model is a 40 item instrument that gives the profile of organisation’s ethos in 8 values. These values are openness, confrontation, trust, authenticity, proaction, autonomy, collaboration, and experimentation. The instrument contains two parts, part 1, values are stated in items 1 to 24, and the respondent is required to check on scale, that how much each item is valued in organisation. Part 2 contains sixteen statements on beliefs, and the respondent is required to check that how widely each of them is shared in the organisation. Importance of OCTAPACE Model According to Pareek (2003) the Culture-related concepts also can be seen as multilevel concepts. At the core (first level) are the values, which give a distinct identity to a group. This is the basic ethos of the group. He defines ethos as, “Underlying spirit of character or group and is the root of culture”. The second level concept is climate which can be defined as the perceived attributes of an organisation and its members, groups and issues. The third level concept relates to atmosphere, which is the distinct factor that affects the development of someone or something This model plays a very significant role in making organisations get the best out of themselves. It provides the energy needed to function well by ensuring as it were a proper circulation of blood through all the organs. The Corporate culture is one that results from the belief of the top management initially and subsequently from the HRD systems and practices. This model helps in maintaining the flow. OCTAPACE in Banking Sector OCTAPACE model in banking sector is used by human resource development professionals and organisation development consultants to improve organisational ethos and to increase openness, creativity, and collaboration. In banking sector this profile were used for action planning. l To study the senior subordinates relationship in the organisation, l To study the values of organisation as well as employees in the organisation, and l To study the working culture in the organisation.
  • 3. Professional Panorama : An International Journal of Applied Management & Technology 6Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks Dimensions of OCTAPACE Model Source: Udai Pareek (2003), Training Instruments in HRD and OD. Openness: It can be defined as a spontaneous expression of feelings and thoughts, and the sharing of these without defensiveness. Confrontation: Confrontation can be defined as facing rather than shying away from problems. It also implies deeper analysis of interpersonal problems. Trust: Trust is not used in the moral sense. It is reflected in maintaining the confidentiality of information shared by others, and in not misusing it.The outcome of trust includes higher empathy, timely support, reduced stress, and reduction and simplification of forms and procedures. Authenticity: Authenticity is the congruence between what one feels, says and does. It is reflected in owning up one’s mistakes, and in unreserved sharing of feelings. Authenticity is closer to openness. Proaction: Proaction means taking the initiative, preplanning and taking preventive action, and calculating the payoffs of an alternative course before taking action. Autonomy: Autonomy is using and giving freedom to plan and act in one’s own sphere. It means respecting and encouraging individual and role autonomy.. Collaboration: Collaboration is giving help to, and asking for help from, others. It means working together (individuals and groups) to solve problems and team spirit. Experimenting: Experimenting means using and encouraging innovative approaches to solve problems; using feedback for improving, taking a fresh look things, and encouraging creativity. trust authenti city collabora tion confronta tion autonomy Dimansions of OCTAPACE model experime ntation proaction openness
  • 4. Professional Panorama : An International Journal of Applied Management & Technology 7Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks Literature Review In order to carry out the present research, several studies were reviewed. According to Derek and Simon (2003) increase in job complexity and task autonomy will increase group cohesiveness, which subsequently translates to better performance. The positive effects of job complexity and autonomy on group cohesiveness are also found to be more prominent for individualistic rather than collectivistic work groups. Eelke de Jong (2006) in their study showed that there indeed exits a relationship between different dimensions of culture and openness. The researcher found individualism to have a positive effect on openness and uncertainty avoidance to have a negative effect on openness. In the opinion of Hassan (2012) organisation should focus more on these aspects of OCTAPACE Culture to have effects on different types of commitment by their employees. According to Bhardwaj (2002) the overall Human Resource Development climate in the organisations was good, significant differences were also observed among three levels of management with respect to different dimensions of Human Resource Development climate as well as overall Human Resource Development climate. Another study conducted by Mittal (2013) the perception of employees towards the Human Resource Development climate in the two leading banks and also tries to find out the difference between the perception of employees of private and public sector banks with respect to all the dimensions of Human Resource Development Climate. Verma (2013) expresses that the employees having different age group, experience and qualification have the same perception towards general climate. The OCTAPACE vary according to the age and experience so the policies need to be customised with respect to it. According to Mufeed (2006) the value of experimentation has been discouraging whereas the value of authenticity had been well developed. The management and higher level manager never encouraged the potential employees by sharing their new ideas. The study conducted by Rainayee (2002) in commercial banks, team spirit and collaboration in both the banks are found to be satisfactory. Srimannarayana (2007) in his study observed that OCTAPACE culture was more widespread than Human Resource Development mechanisms and general Human Resource Development climate. In the opinion of Vijayalakshmi (2014) the organisational culture of IT companies by using OCTAPACE Tool and suggested a plan of action to change the culture if required for a better organisational performance. Objectives of the Study As per present study researcher has framed the following objectives: l To determine the characteristics of different groups of people within an organisation. l To identify and measure the perceived organisational culture and its various dimensions. l To study how different groups (executives and non-executives) of an organisation perceive its culture. l To identify the level of the OCTAPACE in an organisation.
  • 5. Professional Panorama : An International Journal of Applied Management & Technology 8Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks l To assess the use of OCTAPACE within an organisation. l To establish an OCTAPACE culture and maximizes production system effectiveness. Research Design The present study is to compare private sector or public sector banks in terms of values of employees. It is being made to know the impact of OCTAPACE model on banking employees. The research is mainly based on descriptive, qualitative and quantitative research; it is conducted by doing survey with the help of questionnaire and direct interviews. Bank employees are chosen as respondents on the basis of simple random sampling in which each respondent have equal chance of selection. The study includes employees of public sector as well as private sector banks of Rajasthan. For the data collection Rajasthan was taken as a sampling unit. 50 bank employees were chosen where 25 are of private sector banks or 25 are of public sector bank. Sources of Data Collection In the present study, primary as well as secondary data has been used. Primary data collected through questionnaire. Secondary data from various research papers, books, magazines, articles etc. Data Analysis Table 1: Demographic Organisation Type No. of Name Name Employees ICICI Private 14 YES Private 6 SBBJ Public 8 HDFC Private 5 Bank of India Public 7 SBI Public 10 The present study has been carried out on about 25 employees of private sector banks and 25 employees of public sector banks of Rajasthan such as ICICI, SBBJ, HDFC, Bank of Baroda, Yes bank, and SBI. The above table 1 presents the data of 25 employees of private sector banks and 25 of public sector banks. It shows that the maximum number of respondents are from ICICI
  • 6. Professional Panorama : An International Journal of Applied Management & Technology 9Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks Bank as compare to other banks less participation of respondents from HDFC Bank. Gender of Respondent’s The study is comprised of male and female employees.34 employees were man whereas 16 were woman. Random Sampling technique was used for collect information’s. Table 2 Gender No. of Percentage Employees Male 34 68% Female 16 32% As shown in the table 2, it is evident that the major section of respondents is male employees. Males are 68% and female are 32% of the respondents; it shows that there are less number of woman working in banking sector as compare to males. Analysis on Dimensions of OCTAPACE Model There are 8 dimensions of this model the present study is carried out on these factors of model. 1. Openness Openness describes how the employees are taking steps to encourage more feedback and suggestions from customers, colleagues and others. Table 3 Response Private Public Total no of Percentage Employees Employees Respondents Yes 21 16 37 74% No 04 09 13 26% With respect to openness 74% employees follow this dimension where as 26% does not follow, among the private sector employees 84% shown the positive response or 16% employees shown the negative response towards it, whereas 64% of the public sector employees shown the positive or 36% shown the negative response towards it.
  • 7. Professional Panorama : An International Journal of Applied Management & Technology 10Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks 2. Confrontation Confrontation is being used with some reservation and means putting up a front as contrasted with putting one’s back (escaping) to the problem. With respect to this, study is carried out. Table 4 Response Private Public Total no of Percentage Employees Employees Respondents Yes 25 15 40 80% No 00 10 10 20% With respect to confrontation majority 80% said ‘Yes’ where as 20% said ‘No’. among the private sector employees 100% shown the positive response or not a single employees shown the negative response towards it, whereas 60% of the public sector employees shown the positive or 40% shown the negative response towards it. 3. Trust This factor is reflected in maintaining the confidentiality of information shared by others, and in not misusing it. This is an important factor in an banking sector. Table 5 Response Private Public Total no of Percentage Employees Employees Respondents Yes 15 24 39 78% No 10 01 11 22% With respect to trust in organisation majority 78% said ‘Yes’, and 22% said ‘No’. 60% private employees feels that trust should be maintain in the organisation. Whereas in the public sector 96% employees shown the positive response. It shows that confidential part is maintained more in the public sector. 4. Authenticity It is reflected in owning up one’s mistakes, and in unreserved sharing of feelings. Authenticity is closer to openness. The outcome of authenticity in an organisation is reduced distortion in communication.
  • 8. Professional Panorama : An International Journal of Applied Management & Technology 11Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks Table 6 Response Private Public Total no of Percentage Employees Employees Respondents Yes 15 25 40 80% No 10 00 10 20% With respect to authenticity 80% respondents are agree in private or public sector or said ‘Yes’ where as 20% respondents are disagree in it. Whether, it is private or public employees. All the employees feel that there should be free flow of communication without any distortion. 5. Proaction Proaction means taking the initiative, preplanning and taking preventive action, and calculating the payoffs of an alternative course before taking action. Table 7 Response Private Public Total no of Percentage Employees Employees Respondents Yes 25 10 35 70% No 00 15 15 30% With respect to proaction 70% respondents showed their positive response by saying ‘Yes’, 30% said ‘No’ in the private sector employees feels that there should be planning for taking any action. In the public sector, employees are dependent on the higher authority. 6. Autonomy Autonomy is using and giving freedom to plan and act in one’s own sphere. It means respecting and encouraging individual and role autonomy. Table 8 Response Private Public Total no of Percentage Employees Employees Respondents Yes 10 20 30 60% No 15 05 20 40% With respect to autonomy in organisation 60% respondents said ‘Yes’ whereas 40% said
  • 9. Professional Panorama : An International Journal of Applied Management & Technology 12Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks ‘No’ as per the study in the private sector employees are free to perform any kind of plan. They are less restricted as compare to public sector employs, in the public sector, 80% employees shown the favorable attitude or 20% were not in favour. 7. Collaboration It means working together (individuals and groups) to solve problems and team spirit. The outcome of collaboration includes timely help, team work, sharing of experiences, improved communication and improved resource sharing Table 9 Response Private Public Total no of Percentage Employees Employees Respondents Yes 24 24 48 96% No 1 1 2 4% With respect to collaboration majority 96% said ‘Yes’ whereas 4% did not agree to this. It showed their response by saying ‘No’ respondents working in the organisation said that team work is an important factor for getting any outcome more than 90% employees feels team work should be there. 8. Experimentation Experimenting means using and encouraging innovative approaches to solve problems; using feedback for improving, taking a fresh look a things, and encouraging creativity Table 10 Response Private Public Total no of Percentage Employees Employees Respondents Yes 20 08 28 56% No 05 17 22 44% With respect to experimentation in organisation comparatively study concluded that 56% said ‘Yes’ whereas 44% said ‘No’. 80% employees of private sector feels that they used to do experiment in their work in organisation, whereas 20% employees said ‘No’ in the public sector. Conclusion The present study attempts to cover the culture of the organisations under study. The analysis
  • 10. Professional Panorama : An International Journal of Applied Management & Technology 13Impact of OCTAPACE Model on Banking Employees : A Comparative Study of Private and Public Sector Banks shows that the employees perceive almost the same pattern in which the various values exist in the organisations. The main implication of this research on organisational culture suggest that there is a scope for further improvement in the sample study organisations which would improve their work life by overcoming the monotony. The employees of public as well as private sector bank have a favourable attitude towards HRD policies and practices of the organisations. However, employees having different age, experience and qualification have the same perception towards the policies made by top management. The OCTAPACE vary according to the age and experience, so the policies need to be customised with respect to it. Some of the dimensions OCTAPACE such as: Openness in the organisation is at the higher level which shows that there is freedom to communicate with in the organisation. Trust among the employees is at the higher level which specifies mutual understanding between them. Experimentation is at the lower level which represents that the top management lacks to encourage employees in building their innovative thoughts, ideas and new processes which is essential for every software organisation. Suggestions In general, the top management should promote and imbibe culture among the employees to feel free to discuss their ideas, activities and feelings about the area of their operations related to their job description. The management should encourage their subordinates to confront problems bravely without searching escape routes. The employees should be given training in developing confrontation abilities and approaches for the creative problem solving. The management should exhibit a very high level of authenticity implying that what it says, it means and what it means, it says. Accepting people at their face value and trusting their words and approach in the true spirit promotes authenticity. The culture of pro-activity resolving issues should also be promoted. The management should involve people to anticipate the problems and arrangements for their resolutions well in advance so that the necessary systemic and process changes are made without compromising quality and quantity. Thus, the management should work for developing the conducive organisational culture that requires the culture of openness, collaboration, trust, pro-activity, autonomy, authenticity, confrontation and experimentation. References 1. Derek C. Man and Simon S. K (2003), The Effects of Job Complexity and Autonomy on Cohesiveness in Collectivistic and Individualistic Work Groups: A Cross-cultural
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