REPOSTED:
Instead
of the current industry-level arrangement, the entire wage decision should come
to the bank level, the Committee on HR issues in PSBs, headed by the former
Bank of Baroda Chairman and Managing Director, Dr Anil Khandelwal, has
suggested.
The
suggestion to do away with industry-level wage settlements is in line with the
overall approach of the committee that there cannot be one-size-fits-all
solutions, whether it be for remuneration, incentives, welfare or according
navratna status, Dr Khandelwal told reporters here.
MAJOR
RECOMMENDATIONS
§
To be an annual
well-structured and rigorous exercise for 5 year period,
factoring gaps in skills and competencies.
§
Banks to monitor staff
costs and endeavor to achieve staff cost ratio of 50% in the next 5 years;
§
PSBs to outsource non-core activities;
§
To implement Business Process Re-engineering(BPR) and Change Management.
§
PSBs to reach Officer-clerk ratio of 1: 0.5 for metro and
urban branches & 1: 0.75 for rural and semi-urban
branches in next 3 years.
§
Recruitment of direct officers to be 50% of total officer
vacancies;
§
Entry qualification for clerical recruitment to be graduation;
for sub-staff, X
standard pass. Standard of
recruitment of new clerical and officer staff to be raised in tune with the new
requirements.
§
Fresh recruitment of clerks to be restricted to rural and semi-
urban branches; rural service to be made mandatory
for new clerks.
§
Banks to incentivize mobility of clerical staff to rural areas;
