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Hrm in banking group 1

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Vikas Kalani
Vikas Kalani

This document discusses the role of human resource management in the banking sector. It outlines key HR functions like applicant screening, development, security, compensation decisions, and recruitment. It also discusses challenges faced by banks in retaining talent and transforming to global organizations. Several HR practices at major banks like ICICI, Axis, Bank of Baroda, and Andhra Bank are described, including training, performance management, and leadership development programs. The conclusion emphasizes the importance of linking HR functions to business goals and investing in employees as the primary asset.

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HUMAN RESOURCE MANAGEMENT IN BANKING SECTOR
ROLE OF HR IN BANKING  Applicant Screening  Development  Bank Security  Pay Decisions  Executive Recruitment  Communication
Systems/ Processes  Staff Meetings  Brain Storming Sessions  Study Circle  Quality Circle
CHALLENGES FACED BY THE BANKS: 1.The real challenge of this sector is the "Indian companies", how to transform into global corporations without losing the positive values and culture that they have developed. 2.As most part of the jobs in this industry is monotonous/repetitive and routine, the HRD Department has to empower, engage and energies employees to create effectiveness & efficiency through motivation organizational structures, systems & procedures are facilitators of these, and there is a need to focus greater attention on these aspects by the industry. 3.However, the emergence of a core and peripheral workforce in many organization has presented new challenges for HR managers public & private sector organizations are fast becoming diverse communities for core workers, flexibly employed casual and part-time workers, consultants, contractors & business partners. 4.Certain rigidities have also developed in HRD within this banking system itself because this industry is largely in the public sector.
HR PRACTICES IN ICICI BANK Sources of recruitment: •Advertisements – newspapers , magazines •Campus Recruitment •Head Hunters- executive search •Job portals •Consultancies or agencies •Employee Referral •Walk in Selection process: •Aptitude test •Group Discussion •Psychometric Test •Interview
Savvy HR saves ICICI Bank Rs 100 crores ICICI Group has successfully implemented Sum Total's solution as an enterprise application for aligning the e-Learning needs of its employees. ICICI Group includes companies like - ICICI Bank Ltd. ICICI Prudential Life Insurance Co., ICICI Lombard General Insurance Company and ICICI Securities LTD. Sum Total Systems deployed its award-winning Sum Total Enterprise Suite(TM) in the bank's Learning Management System called "The Learning Matrix.“ This implementation has provided ICICI an efficient and cost- effective business learning management solution making training more accessible to employees.
HR PRACTICES IN AXIS BANK • Initiate & institutionalize globally competitive HR practices. • Create a performance-driven culture and an exciting workplace. • Create a pool of entrepreneurial managers and business leaders. • Create a learning organization for employees.
FUNCTIONS OF HRD • Ultimate aim of the human resources function is to build and manage a motivated pool of professionals delivering optimum value to customers. • Major platforms on which the success of the bank's corporate strategy rests is bringing on board the requisite skills. • Young bank with an average age of 29 years and a talent pool comprising a mix of new recruits and experienced officers. • Training-Scheduling. Performance Management. Compensation/Reward Administration. Grievance Handling.
HR PRACTICES IN BANK OF BARODA • A very strong Organizational Leadership at different levels forms the key link in the Model • People oriented Deployment, Promotion and selection policies • Talent identification and grooming programmes
Customized Leadership development programmes • PROJECT LEAP • PROJECT UDAAN
HR PRACTICES IN ANDHRA BANK Skill Improvement Trainings Basic level Orientation Programmes. Entrepreneurial Development Programmes ( EDPs )
CONCLUSION HR functions to be linked to corporate goals. Shift from Industrial relations manager to Business manager or Commercial manager. Team work is another important and essential soft skill that is necessary in this industry. The HR Professionals have to introduce &improve the adaptability of their structure that will be able to absorb, draw and retain the best. As people are primary asset, it is essential not only to invest in them, but also to ensure that the supporting elements for this asset are such that it can provide the maximum value on a sustainable basis. HRD is to be regularly reviewed against business outcomes as part of strategic and operational planning. To overcome the public sector's hierarchical structure, which gives preference to seniority over performance, is not the best environment to attract the best talent from among the young.
By, Abhisekh Gupta -1 Biswajita Mohanty - 13 M Naga Raju - 39 Nidhi Maheshwari - 50 Prasun Chandra - 57 Shashi Shekhar Sharma - 79 Vikas Kalani - 99

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Hrm in banking group 1

  • 1. HUMAN RESOURCE MANAGEMENT IN BANKING SECTOR
  • 2. ROLE OF HR IN BANKING  Applicant Screening  Development  Bank Security  Pay Decisions  Executive Recruitment  Communication
  • 3. Systems/ Processes  Staff Meetings  Brain Storming Sessions  Study Circle  Quality Circle
  • 4. CHALLENGES FACED BY THE BANKS: 1.The real challenge of this sector is the "Indian companies", how to transform into global corporations without losing the positive values and culture that they have developed. 2.As most part of the jobs in this industry is monotonous/repetitive and routine, the HRD Department has to empower, engage and energies employees to create effectiveness & efficiency through motivation organizational structures, systems & procedures are facilitators of these, and there is a need to focus greater attention on these aspects by the industry. 3.However, the emergence of a core and peripheral workforce in many organization has presented new challenges for HR managers public & private sector organizations are fast becoming diverse communities for core workers, flexibly employed casual and part-time workers, consultants, contractors & business partners. 4.Certain rigidities have also developed in HRD within this banking system itself because this industry is largely in the public sector.
  • 5. HR PRACTICES IN ICICI BANK Sources of recruitment: •Advertisements – newspapers , magazines •Campus Recruitment •Head Hunters- executive search •Job portals •Consultancies or agencies •Employee Referral •Walk in Selection process: •Aptitude test •Group Discussion •Psychometric Test •Interview
  • 6. Savvy HR saves ICICI Bank Rs 100 crores ICICI Group has successfully implemented Sum Total's solution as an enterprise application for aligning the e-Learning needs of its employees. ICICI Group includes companies like - ICICI Bank Ltd. ICICI Prudential Life Insurance Co., ICICI Lombard General Insurance Company and ICICI Securities LTD. Sum Total Systems deployed its award-winning Sum Total Enterprise Suite(TM) in the bank's Learning Management System called "The Learning Matrix.“ This implementation has provided ICICI an efficient and cost- effective business learning management solution making training more accessible to employees.
  • 7. HR PRACTICES IN AXIS BANK • Initiate & institutionalize globally competitive HR practices. • Create a performance-driven culture and an exciting workplace. • Create a pool of entrepreneurial managers and business leaders. • Create a learning organization for employees.
  • 8. FUNCTIONS OF HRD • Ultimate aim of the human resources function is to build and manage a motivated pool of professionals delivering optimum value to customers. • Major platforms on which the success of the bank's corporate strategy rests is bringing on board the requisite skills. • Young bank with an average age of 29 years and a talent pool comprising a mix of new recruits and experienced officers. • Training-Scheduling. Performance Management. Compensation/Reward Administration. Grievance Handling.
  • 9. HR PRACTICES IN BANK OF BARODA • A very strong Organizational Leadership at different levels forms the key link in the Model • People oriented Deployment, Promotion and selection policies • Talent identification and grooming programmes
  • 10. Customized Leadership development programmes • PROJECT LEAP • PROJECT UDAAN
  • 11. HR PRACTICES IN ANDHRA BANK Skill Improvement Trainings Basic level Orientation Programmes. Entrepreneurial Development Programmes ( EDPs )
  • 12. CONCLUSION HR functions to be linked to corporate goals. Shift from Industrial relations manager to Business manager or Commercial manager. Team work is another important and essential soft skill that is necessary in this industry. The HR Professionals have to introduce &improve the adaptability of their structure that will be able to absorb, draw and retain the best. As people are primary asset, it is essential not only to invest in them, but also to ensure that the supporting elements for this asset are such that it can provide the maximum value on a sustainable basis. HRD is to be regularly reviewed against business outcomes as part of strategic and operational planning. To overcome the public sector's hierarchical structure, which gives preference to seniority over performance, is not the best environment to attract the best talent from among the young.
  • 13. By, Abhisekh Gupta -1 Biswajita Mohanty - 13 M Naga Raju - 39 Nidhi Maheshwari - 50 Prasun Chandra - 57 Shashi Shekhar Sharma - 79 Vikas Kalani - 99