HR challenges in the public sector companies

India is the world’s ninth largest economy by nominal GDP and is steadily establishing itself as a major economic force. Changes in the business climate and company initiatives have resulted in significant growth. In terms of labor market efficiency, India ranks 56th in the global competitiveness index. It has a total of 81 ranks. India has a tremendous pool of talent, yet it ranks 90th in terms of efficient talent use. The economy has completely shifted to the service sector. It is anticipated to lead GDP growth in the service sector once again, with trade, hotels, transportation, and communication all performing well. The corporate se ctor faces numerous issues as a result of the new information age. As the corporate climate becomes more competitive, human resources become increasingly vital for a company’s existence. And it is through these tactics that the various skill require ments have been guided. However, the HR function in government organizations is seldom given the attention it requires. As a result, it is producing a slew of major concerns and problems, as well as impeding the growth and efficiency of these businesses. These days, public-sector banks are dealing with a slew of HR issues, and private-sector banks are ruling the roost on these issues, gaining a competitive advantage over their public-sector counterparts.