Business Daily from THE HINDU group of publications
Monday, Mar 31, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Monday, Mar 31, 2008 ePaper | Mobile/PDA Version |
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Money & Banking
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Human Resources Web Extras - Public Sector Banks Vijaya Bank to continue recruiting from B-schools, engg colleges in small towns Our Bureau Mangalore, March 30 There was a time when people used to write examinations and wait for results (that often extended to a year and more) to get a job in a public sector bank. But now public sector banks are venturing into campuses to source talent to meet their needs quickly. The public sector Vijaya Bank is tapping the talents from business schools and engineering colleges in tier-II cities and other small towns for recruitments for the position of entry-level management trainees for Scale-I with a pay package of around Rs 3 lakh per annum. Speaking on the sidelines of a function to inaugurate a branch at Bajpe in Mangalore on Saturday, Mr Prakash P. Mallya, Chairman and Managing Director of the bank, said that the bank, which ventured into campus recruitment during 2007-08 for entry-level management trainees for Scale-I, has been able to tap the talents of 893 candidates in this process. “The process is still going on,” he said.“We have taken candidates from B-schools and engineering colleges, and young chartered accountants,” Mr Mallya said. The bank will continue the process of campus recruitment for entry-level management trainees in Scale-I during 2008-09. The General Manager, Mr H. Ratnakara Hegde, who is on the job for campus recruitment in the district, told Business Line that the bank has plans to recruit around 250 candidates from the campuses of business schools and engineering colleges across the country during 2008-09. In all, the bank has plans to recruit around 750 to 1,000 during 2008-09.
Asked about the pay package for these candidates, Mr Mallya said the bank is giving a good salary for the candidates at the entry-level. “We are offering around Rs 3 lakh per annum for candidates at entry level,” he said, adding that this package is one of the best packages in the industry for entry-level candidates. To a query on the attrition level among the new recruits, he said attrition is not at the alarming rate. “The whole idea of going for campus recruitment is to infuse new thinking into the system. The role of the present workforce should also be lauded, because they are the one who brought the bank to this level,” he said. The average age of the employees in the bank is currently 47 years. Nearly 500 employees are retiring every year, Mr Mallya said. More Stories on : Human Resources | Public Sector Banks | Education
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