Monday, November 24, 2014

SBI's recrutment policy set for overhaul; to hire 8000 POs this year

SBI chairman Arundhati Bhattacharya
INDIA'S largest public sector lender State Bank of India is making changes in its hiring policy. Now, the number of people SBI recruit at entry level will be similar to the those who are slated to retire in a particular year.
The new policy aims at streamlining...
the recruitment process like an annual MBA admission process at elite management schools.
The bank also plans to add about 1,800 probationary officers and around 3,000 clerical staff this year, said SBI chairman Arundhati Bhattacharya.
She said the bank was hiring in spurts and running it off in two-three years and then hiring again, which was found to be an inefficient process.
Large hiring in one-go led to major challenge of making arrangement and training new recruits at entry level, she pointed out.
Therefore every year bank would try to hire as much as people are retiring. That is replenishing number of people retiring year on year.
"We will not do hiring in spurts. Therefore if there is steady stream of people entering the organization it is that much easier to get them properly trained and on board. So that is the way we will continue to hire", SBI chairman said.
As of now, the largest public sector lender has a total employee strength of over two lakh.
SBI would put out schedule so that everybody knows when the examinations will take place in the SBI group and for which kind of hiring, she said.
So that the entire market knows like the way it happens with Common Admission Tests for management programme.
SBI entrance examination should also be known when it happens. That is what bank will be aiming for in next two years, she said.
Its employee count declined by end of September 2014. In fact, 11,000 people have retired and the bank brought in about 5,000 plus watch and ward employees. 

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