The Reserve Bank of India (RBI) has called for a complete overhaul of human resource practices at banks, especially public sector ones where several staffers are due to retire in seven to eight years. Dr. K C Chakrabarty, one of the central bank’s Deputy Governors, says this sort of increasing intervention in the affairs of public sector banks was needed due to lack of management capacities at the latter........
......Indicating there was no proper mechanism of performance management in PSBs, Chakrabarty said the results of not having one could be disastrous. “We are all having to deal with the problem of people who are ‘promotable’ but not ‘postable’ and people who are ‘postable’ but not getting promoted. This is because we have failed to discriminate between performers and non-performers,” Chakrabarty said........
Read............
1 comment:
The report of the Khandelwal Committee on human resource practices in public sector banks (PSBs) had thrown open the need for a comprehensive look at the manpower planning and deployment of available expertise among institutions across private and public sectors and related human resources development (HRD) issues which have to be handled without further loss of time. The ageing top level was flagged as a serious issue. In the present context when performance of government and institutions in public and private sectors is being watched by the world and judged almost online, HRD at the top across sectors should become a national priority.
In this context, FM’s recent advice to CEOs of public sector banks to address issues such as succession planning, talent acquisition, retention and management, streamlining recruitment process and skill upgradation and the guidance that unlearning, upskilling and re-skilling have to be on the radar of the management constantly sends out the right signals that government is serious about following up the Khandewal Committee report seriously.
Centre can support smooth implementation of the suggestions now being convincingly articulated by Dr Chakrabarty, by keeping its hands off the autonomy of statutory bodies and regulatory institutions at least in regard to day-to-day administration and HR Management. Allowing existing institutional framework to function smoothly without the fear of Government usurping the powers and work areas when performance of mandated functions by statutory bodies and regulators become politically inconvenient in the coalition dispensation is also equally important.
Post a Comment