Apropos the editorial "A missed opportunity?" (April 16), public sector banks (PSBs) need to recruit people in bulk to fill the vacancies on account of large-scale retirements. With new technology and competition from foreign and private sector banks, what PSBs need is a major generational leap on the human resources (HR) front. These banks must attract large numbers of young graduates and post-graduates from tier-I and tier-II management colleges through well-structured campus placements. They should also take effective steps to train, develop and retain them. At the same time, an overhaul of HR policies, particularly on strengthening the performance appraisal system, rewards, incentives and the compensation structure, the retention policy, career planning and job-rotation policies, is a must.
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I K Kilam Faridabad
Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number