:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

PSU BANKS INK BOND TO CHECK ATTRITION

A host of Public Sector Banks (PSBs) have introduced a practice of signing service bonds with their new recruits joining at the officer level to recover investments that go into training these new recruits, especially if they leave within two-three years of joining. The move is also seen as a way to dissuade new entrants from hopping jobs early in their careers.

The monetary value and bond terms vary case to case, some banks sign bonds with new recruits for Rs.2.5 lacs for three years and some banks for Rs.1.00 lac only.This is mainly due to the fact that the PSBs impart rigorous training to its new recruits but often lose them to private banks, which offer more lucrative career choice.

Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/PSU-banks-ink-bond-to-check-attrition/articleshow/5313035.cms

Posted by C.B.O.A., A.P.

Labels:

0 comments

Post a Comment

Subscribe to: Post Comments (Atom)