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Job-hopping is a bigger problem for banks

    L.N. Revathy
    A.J. Vinayak
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Recruitment system, poor manpower planning adding to the problem

For banks, more than attrition, job-hopping by its new talent poses the bigger challenge.

To blame, according to All-India Bank Employees Association General Secretary C. H. Venkatachalam, is the system that allows a “candidate with a qualifying score in the exam conducted by the IBPS (Institute of Banking and Personnel Selection) to apply to 10 banks. After joining one bank, a candidate may get a better offer, so he/she decides to quit the first job.”

But that banks have received some 34 lakh applications for jobs shows people are still attracted to the industry. Also, in the last year or so, the number of candidates moving out of the industry has dropped.

President of Corporation Bank Officers’ Organisation D. N. Prakash suggests that banks do their manpower planning correctly, which, he said, is not the case now. Manpower planning should dovetail with the business plans of the banks. Top executives should also look at the manpower requirements while focusing on the balance-sheet performance.

Venkatachalam admitted that the unions would also have to play a vital role in retaining and grooming talent. “A good number of people will be retiring in the next five-six years and banks need trained hands. But this generation is not sticking to one job even for two years. They hop jobs very frequently,” observed Venkatachalam. Youngsters fail to understand that the career growth can be phenomenal for those joining the industry today, he added.

A banker heading a regional office of a public sector bank in Mangalore pointed out the lack of interest among people in some States to join banks. Quoting his experience, the banker said that people from the South are a “rare commodity” in the banking sector.

“We get more people from Uttar Pradesh, Bihar, Orissa, Chhattisgarh and Jharkhand, and fewer numbers from Karnataka and Tamil Nadu. As a result, those from the North who get jobs here go back to their native States at the first opportunity,” he said.

Most union leaders are feel that both banks and the IBPS should give more attention to this aspect of regional imbalance in appointments, and its impact on the industry.

revathy.lakshminarasimhan@thehindu.co.in

vinayak.aj@thehindu.co.in

(This article was published on August 28, 2012)
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Comments:

The articles by mr Vinayak and ms Revathy are very good while the cartoons are fantastic, telling more than a page. keep posting such articles on banking especially in areas like bank frauds, management issues, union issues, bank mergers etc

complements again.

raja bs
chief manager HRD
Karnataka Bank ltd
HO, Mangalore

from:  raja bs
Posted on: Aug 29, 2012 at 08:09 IST

Even when I made an exit from the services of a nationalised bank on
VRS after working for 20 years, some of the old timers gave an alarmed
response that I was committing a grave career error. A bank job
undoubtedly a coveted job, certainly not that much now. There used to
be pride when someone in the earlier decades when they used to say, "I
served the .... bank for 30 years....". The current generation of
youngsters don;t have that much flair for bank jobs, nor they agree
with the "loyalty" mantra, which has become outdated. Some of the
common reasons quoted by my own son and his friends include: lack of
challenge in work, stagnation or less pay. One guy even went on to
say that job hopping is a short-cut to success. Each job change brings
with it a hike in pay and position. Again, pay-scales in banks are
standardised. You work or not your annual increment is assured.
Simulataneously, someone who is ready to go the extra mile to perform,
the recognition is not that luring.

from:  C.S. Krishnamurthy
Posted on: Aug 29, 2012 at 08:32 IST

During 1990-2000, Banks have given compulsory retirement to many staff members at the behest of the union leaders.thus the talent flee started theand now continues.Talented people do join banks now a days because banks jobs are no more high wage islands which they were before 1990! 2.Exploitation by the management 3.Exploitation by the unions
4.Working extra time without over time benefits.5.Under the guise of customer service higher management pressurizes the lower managerial cadres.6.High risk tension bout is the nature of bank work 7. Many easy going jobs are fetching better salaries outside. 8.finally there is no charm in banking except doing 'donkeys' job 10. Actually there is no recognition for talent. Bank managements want chamchas and mediocre people so that they can create "yes boss" type employees.11. problem for youngsters is the lousy handling of things by the Union leaders who are responsible for flee of talent.Banks were centers of talent in 1970s. Now not attractive!

from:  msbhash
Posted on: Aug 29, 2012 at 10:26 IST
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