Exploring Sustainable Leadership Practices and Their Influence on Employee Engagement in South India's Financial Service Sectors

Exploring Sustainable Leadership Practices and Their Influence on Employee Engagement in South India's Financial Service Sectors

Kali Charan Rath, Animesh Agrawal, Suraj Kumar Mukti
Copyright: © 2023 |Pages: 28
DOI: 10.4018/979-8-3693-0044-2.ch007
OnDemand:
(Individual Chapters)
Available
$37.50
Current Special Offers
No Current Special Offers
TOTAL SAVINGS: $37.50

Abstract

This chapter explores sustainable leadership's impact on employee engagement in South India's financial services sector. It delves into dimensions of sustainable leadership and their influence on engagement. Through an exploratory research design, it investigates practices like transparency, ethical decision-making, well-being, work-life balance, employee involvement, and learning culture. The chapter also evaluates the practices' effect on employee engagement, a vital factor for organizational success. By examining this relationship, it offers insights to enhance leadership strategies in South India's financial services, fostering a motivated workforce.
Chapter Preview
Top

1. Introduction

The financial services sector in South India plays a pivotal role in driving economic growth and development. In recent years, there has been an increasing recognition of the significance of sustainable leadership practices within this sector. Sustainable leadership focuses on achieving a balance between organizational goals and environmental and social responsibilities, enabling long-term success while addressing pressing global issues like climate change and social inequality.

This book chapter aims to delve into the realm of sustainable leadership practices and investigate their influence on employee engagement in South India's financial services sector. Employee engagement is a critical factor in organizational success, as it correlates with heightened productivity, job satisfaction, and overall business performance [Almeida & Wasim (2023)] . Understanding how sustainable leadership practices can enhance employee engagement is of paramount importance for organizations seeking to cultivate a positive and impactful work environment [Akter et al. (2022)].

To date, limited research has been conducted specifically exploring sustainable leadership practices and their implications within the financial services sector of South India. Therefore, this book chapter seeks to bridge this research gap by examining the relationship between sustainable leadership practices and employee engagement in this context. By doing so, it aims to provide valuable insights and practical recommendations for leaders, managers, and organizations operating within the financial services sector to enhance their sustainable leadership approaches and foster a more engaged workforce.

1.1 Scope

The scope of this chapter encompasses the examination of sustainable leadership practices and their impact on employee engagement within the financial services sector of South India. It will explore the specific strategies, initiatives, and approaches adopted by organizations in the region to promote sustainability and enhance employee engagement. The chapter will focus on the unique contextual factors and challenges faced by organizations in the financial services sector in South India, providing insights that can be applied in similar contexts.

1.2 Objectives

The objectives of this chapter are as follows:

  • a)

    To explore the concept of sustainable leadership and its relevance in the financial services sector.

  • b)

    To examine the relationship between sustainable leadership practices and employee engagement.

  • c)

    To identify the key factors and mechanisms through which sustainable leadership practices influence employee engagement.

  • d)

    To highlight the challenges and opportunities associated with implementing sustainable leadership practices in South India's financial services sector.

  • e)

    To provide practical recommendations for leaders and organizations to enhance sustainable leadership practices and foster employee engagement in the sector.

Complete Chapter List

Search this Book:
Reset