Financial Daily from THE HINDU group of publications
Saturday, Jun 04, 2005
Financial Daily from THE HINDU group of publications Saturday, Jun 04, 2005 |
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Money & Banking
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Human Resources South Indian Bank trims average age of employees C.J. Punnathara
Thrissur , June 3 SOUTH Indian Bank has reduced the age profile of its workforce through an innovative welfare scheme: by which the older generation of employees give way to their young, professionally qualified and dynamic sons and daughters into the bank's employee rolls. "Through this scheme, we have roped in 40 MBA and other professionally qualified children of employees, who would not only be younger by around 30 years, but would be more adept with technology and computers," Dr V.A. Joseph, Executive Director of the bank, said. There were over 60 employees who had opted for this scheme but all applications could not be considered positively. The applicants were put through a test and an interview before short-listing the 40 successful candidates. The bank had also undertaken a campus recruitment drive last year, which is the first such instance in its history. Under the chairmanship of Mr A. Sethumadhavan, who is to retire on Saturday, the bank had crossed several milestones, Mr Joseph said.
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