Which every young employee and Officers should read and understand before commending.
but all clerks should also read it for updating your understandings.
(I have edited his article with sub titles and made it to several paragraphs for easy and fast reading)
to bring it to the knowledge of our cadres as much information as possible.
through the negotiations between trade unions and the Management as the the sector is
conducting its activities under companies act and three stake are involved
viz., Management, workforce and share holders unlike the Govt. Set up.
In the Govt. setup the entire salary package is announced unilaterally and the entire salary package is uniform to all irrespective of the performance & productivity of the department and the total emoluments is announced without giving scope for giving any thing outside the purview of the wage revision.
But, in the banking sector, every five years wage is settled through a negotiation process
and important ingredients of wage like Basic pay, DA, HRA, CCA and pension related issues are settled in the industry, leaving the scope for settling various perks and benefits outside the purview of the wage settlement by the individual banks.
During 1999 the IBA wanted to divide the PSBs in to strong banks and weak banks and accordingly to fix the salary and there was a danger of fixing least salary or to close the banks viz. Indian Bank, UCO Bank and United Bank of India. There was a compulsion on the workforce to unite and fight for equal wages to all Bank men and women irrespective of the size and business. So, the UFBU was formed to unite all the workforce in the banking sector irrespective of the cadre.
It was a success story that in order to equal the salary for the brethren working in the weak banks, the workforce in the strong banks sacrificed and established the equal wages for all the Bank men and women, but for that I could not imagine the working condition of the youths joined in such small and so branded weak banks.
Even after that, these three banks did not give the enhancement immediately when other banks released the increase. It was the job of the trade unions ensured that the salary was disbursed in those banks too.
It was an another success story that it was not the management but the trade unions of these weak banks united and by their continuous dedication, these weak & loss making banks also became profit making banks.
Recruitment and promotion pattern followed in the banking sector till 2011 was as follows:
a. The clerks were recruited in big number with matriculate qualification and the emoluments were fixed accordingly.
Now only the Khandelwal committee recommended 50% direct recruitment which is yet to be adopted by the banks for implementation. c. But, It was due to the pressure mounted by the Officers organisations, the banks started recruiting officers directly in a big way from 2009 defying the existing understanding with the trade unions of employees and of course that in the interest of the industry & officers, they also did not object.
It has paved the way for recruiting huge number of Indian youths join in the bank as officers directly. In view of the officers' recruitment policy the youths spread over the country could join in the banks as officers irrespective of their domicile and the concentration of branches.
Had it been clerks, many youths could not have joined in the banks,
as the clerks are recruited state wise.
In view of the change in promotion policy which expects the officers to hold higher responsibilities in short intervals without much exposure and experience, as a measure to ensure the job security and insulate the officers from the possible onslaught, an ACCOUNTABILITY POLICY was demanded.
To give the value to life REGULATED WORKING HOURS AND FIVE DAY BANKING were also demanded.
In view of the huge number of women officers recruited after 2009 a separate chapter demanding some special privileges to the women officers was annexed with the charter of demands.
The govt. Administration has got two stake holders, the govt. and it's employees and the enhancement in salary is given to the accepted level of the CPC recommendation
from out of the budgetary allocation irrespective of whether the budget is deficit or surplus.
CPC does not negotiate with any trade unions but submitting its recommendations directly to the Govt. to take decision on the implementation.
Any anomaly observed in future days shall have to be discussed with the Govt. only or to approach the court and the commission does not have any role.
Even the 100 percent owned central govt. corporations are not bound by the CPC recommendations and it depends upon the individual company's decision.
Even it does not bind the state govt. and is left to the independent state's decision.
The public sector undertakings are governed under company's act and have three stake holders are involved viz., Administrators, Shareholders and employees and thus we have to negotiate with the the body of administrators – IBA
The employees are governed under Industrial Disputes act and thus straightaway they are entering in to agreements whereas the officers are entering in to an MOU with IBA which has to be passed by the respective boards wherein the representatives of the various stakeholders are present including share holders directors.
The decision of the board has to be passed in the Annual general body meeting of the respective institutions which is attended by the General public- share holders which is not the compulsion in case of Govt. employees.
Govt.setup divides it's workforce in to three categories as A,B and C and they recruit directly to all the three categories.
Thus their A and B grade officers like IAS and state level civil service officers at young age are getting higher emoluments but there is no opportunity for their C grade workforce to reach the top cadre of A and B.
Whereas in the banks the recruitments are taking place only at the bottom levels as the entry level in banks is either clerks or officers in scale 1 and at times scale 2 in an insignificant number and these cadres are only reaching the level of even C&MD in the Banks.
While extending uniform wages in the govt. Set up, they follow the procedure of seniority strictly in promotions and many are retiring in the same cadre of their recruitment.
Salary revision through CPC does not envisage any increase in the salary outside the purview of the pay commission and irrespective of the performance of the individual department, all the employees are getting the equal wages.
Whereas in the banking sector many benefits are given by the individual banks outside the purview of the wage settlement like
even up to 90% of basic as rental ceiling,
loans like Housing loans, car loans at concessional rates even after retirement
and such revisions are witnessed once in three years depending upon the profitability of the individual banks and the strength of the trade unions in the respective banks.
Increase in DA is automatically available to the bankers at 100 percent neutralisation once in three months whereas in case of Govt. Employees, every time the govt. has to take decision in the cabinet committee and make an announcement.
And what will be the position when the Govt. reduces its stake to 52%. ?
If at all feasible, whether the Govt. can take a policy of implementing CPC to Banks alone or it has to be implemented for the entire PSUs?
If so, whether all PSUs have expressed their willingness to adopt CPC?
Whether the Govt. hinted that they would accept and if yes, what would happen to their policy announcement of privatisation of public sector undertakings?
Are we basically agreeable for 10 years wage settlement instead of once in five years?
How our position in the banks will be synchronised with three cadres in the Govt. Setup. If scale I to be matched to A grade in the central Govt., what about our top level of CMD, ED AND GMs?
Are we ready to accept the uniform wages without any perks and benefits outside the purview of the wage settlement as it is happening in the central Govt.?
Are we ready for the uniform benefits to all the banks irrespective of the size and profitability?
If a loss hypothetically, whether our demand is to support the salary from out of the budgetary allocation and if yes, how such infusions by the Govt. will be treated in our books of accounts?
Are we ready for uncertain DA instead of 100% DA neutralisation automatically credited in the salary every three months?
Unlike in the Govt. setup, in the banking setup mobility all over the country and accountability more on financial grounds are the features and if the bilateralism is given up in the wage revision, who will handle the other issues?
Are we agreeing for the recruitment in every scale and promotion on seniority?
If so, what is our demand towards matching the grades and basics and are we going to tell them to give up various benefits being enjoyed outside the purview of the wage settlement like the loans under concessional rate of interest etc.,
Instead of responding to my doubts which I posted in the social sites, there was an attempt to abuse which led me to have the following doubts:
Why when somebody comes forward to raise apprehensions against the misleading suggestions in the site, he is immediately abused by the few and being removed from the group by the Administrator?
When the banks became operational under Banking regulations act, the functions are under the provisions of the Companies act, Govt. is only enjoying the status of a shareholder and the Hon'ble Finance Minister openly declared that he would reduce the Govt. holding to 52%, whether the argument of wage revision through Govt. model would be legally tenable and possible?
Whether they submitted such alternate model to the Govt. as in their alternate model IBA don't have any role and if so, what is the Govt. response? If not, why you are not criticising the Govt. for their inaction on your demands?
Why these so called sympathisers are not taking part in any of the agitation program which is staged for attracting the attention of the Govt. towards the fighting employees
but attending office keeping the branches open?
Whether to save their one day salary or to prove their loyalty to the masters by sabotaging the trade union call?
Neither they act nor they support but how these dark room activists of FB and what'sup are going to achieve their goal?
Is it not their assigned goal to finish the organised trade unions in the banking sector to facilitate the Govt. to reduce the govt. stake and ultimately to privatise the Indian banks to finish the fortune of Indian Youths?
Our fight is for SALARY, SECURITY and. job SATISFACTION.