HRM IN BANKING INDUSTRY

HRM IN BANKING INDUSTRY
The current industrial unrest in banking industry which include an ongoing agitation in RBI deserves to be handled with care by opening doors for bilateral discussions. Time alone will not resolve the deep-rooted issues relating to job security, compensation and social security issues like those relating to pension.
This refers to the report “Bank staff to go on nation-wide strike on December 2” (Hindu Business Line, October 27). It is easy to brush aside AIBEA leader CH Venkatachalam’s observation that ‘Bilateralism is given a go-bye and unilateralism is sought to be made the rule. Law is ignored and trade union rights overlooked’ as just another morale-booster for the agitating workmen. But, it describes the approach of those in charge of HR management in government and private sector.
Time was, when government and managements took industrial unrest seriously and either resolved the issues affecting employees which caused such unrest or conveyed the message in clear language that the demands were unjust or unacceptable for valid reasons and restoring industrial peace was in mutual interest of management and workforce. Now, agitations by employees are seen as ‘games trade union leaders play’ and allowed to continue on an ongoing basis. Political and corporate interests take advantage of the situation.
Back to the bank employees’ agitation, one is at a loss to understand why bilateral negotiations are delayed till a strike materialises. Employee morale is crucial in banking industry. Once allowed to sag, no technology can retrieve it back to normalcy easily. In the RBI Annual report2014-15, Governor Dr Raghuram Rajan has flagged several HR-related issues within the central bank needing GOI support for resolution. They include a pension revision issue which is a quarter century old and a wage revision, delayed by three years now after the expiry of the previous settlement.

M G Warrier, Mumbai

Comments

Post a Comment

Popular posts from this blog

NAVAGRAHA STOTRAM

NAVAGRAHA STOTRAM* According to astrology, the positions of the nine planets in the twelve constellations of the zodiac and their movements are considered to be quite significant. The nine planets ‘Navagraha’ affect every aspect of human life. They play an important role in the activities, physical and mental health and life of any individual. The unfavorable positioning of any of these planets can be the cause of problems, bad health, and stagnation for many people. However, there is a solution to avoid the ill effects of the position and movement of the ‘Navagraha’ in our lives. Navagraha mantras (or stotram) are simple mantras which work as powerful healing tools to reduce the negative effects of any of the nine planets. These mantras are Hindu holy hymn addressing the nine planets. Benefits Of Navagraha Stotram And The Way to Practice The Navagraha Stotram is written b y Rishi Vyasa and is considered to be the peace mantra for the nine planets. They are powerful m
Read more

THE SUNSET OF THE CENTURY

*SUNSET OF THE CENTURY: Rabindranath Tagore THE LAST SUN OF THE CENTURY SETS AMIDST THE BLOOD-RED COLOURS OF THE WEST AND THE WHIRLWIND OF HATRED. THE NAKED PASSION OF SELF-LOVE OF NATIONS IN ITS DRUNKEN DELIRIUM OF GREED IS DANCING TO THE CLASH OF STEEL AND THE HOWLING VERSES OF VENGEANCE. THE HUNGRY SELF OF THE NATION SHALL BURST IN A VIOLENCE OF FURY FROM ITS OWNSHAMELESS FEEDING FOR IT HAS MADE THE WORLDITS FOOD, AND LICKING IT, CRUNCHING IT AND SWALLOWING IT IN BIG MORSELS, IT SWELLS AND SWELLS TILL IN THE MIDST OF ITS UNHOLY FEAST DESCENDS THE SUDDEN HEAVEN PIERCING ITS HEART OF GROSSNESS…   *Note: “The Sunset of the Century”, translated by the poet, from Naivedya; The English Writings of   Rabindranathtagore, Volume II,Delhi 1996, page 466. Quoted in his article ‘Critiquing nationalism’ by K Satchidanandan (Frontline, November 14, 2014). The article takes you to a much broader spectrum. HAPPY READING(READ MORE STAN
Read more

The King of Ragas: Sankarabharanam

                       The King of Ragas                      --------------------------     Long ago  serpents were put to lot of hardships.They  were afraid of other animals. They had to seek refuge in the hermitage of sage Saraba.The sage was a true devotee of Lord Shiva.He used to pray Shiva with melodious songs. As he sang a particular raga the snakes were much inspired and they began to dance,. Slowly the serpents became friendly with the sage. They brought water in their mouths for the pooja.They secreted  a special fluid in which the flowers got stuck to their bodies.The sage was much astonished by the service of the snakes.As the sarpas became very close to the sage ,they requested him to help having Darsan of Lord Siva. As requested by the sage Shiva appeared in the form of  a  Kapalika and stayed in the ashram.The music and dance of the snakes continued. The snakes rendered service to the kapalika as they considered him  a Shiva bhakta.Shiva was much pleased with t
Read more