Training.

Training is an important area of HRD policy. Although banks have invested a lot in their training infrastructure, the return from training has not been in tune with the investment. Now banks are redefining their training strategies to make them more focused, organized and in accordance with the present day requirements. Training in banks is useful in imparting the knowledge of systems, procedures and technology as well as developing soft skills of their human assets.

In the coming years, banks may switch over to performance linked pay to its employees instead of fixed scales of pay adopted on the basis of negotiations with workmen and officers association. A few banks have already shown willingness to introduce variable pay structure in their organizations. 

Please do visit us again for further updates.