| Abstract: |
The present study undertakes a comparative examination of human resource (HR) challenges and change management strategies across public and private sector institutions in the Indian context. The primary objectives are to identify the key HR challenges confronting both sectors and to evaluate the effectiveness of change management strategies adopted by each. A descriptive-analytical research design was employed, utilizing secondary data from government reports, Reserve Bank of India publications, Aon Salary Surveys, and peer-reviewed scholarly literature published between 2004 and 2024. The study hypothesizes that private sector institutions demonstrate greater adaptability in change management practices compared to their public sector counterparts, while public sector institutions face more acute challenges in talent acquisition and workforce modernization. Results reveal that private sector institutions exhibit higher attrition rates (approximately 25%) but adopt more agile change management strategies, whereas public sector institutions face challenges related to bureaucratic rigidity and slower adoption of innovative HR practices. The discussion underscores that a convergence of HR practices is gradually emerging between the two sectors, though significant gaps persist. The study concludes that sector-specific, context-sensitive change management frameworks are essential for institutional sustainability in India's evolving economic landscape. |
