22,000 vacancies at public banks despite job drive

In my view, the financial sector in selecting, placing and promoting employees are needed to be promoted from the RBI in hands with the Public Banks. There are over 70 lakh applications every year which are not properly processed in selecting right candidates, as per report. The banks, are also concerned that they will find it more tough to fill positions at the senior position level, since the government has come out with stringent rules. There is also not much clarity on the selection on its eligiblity which lacks as compared from other sectors in the recrutment process.

The Reason I see Government Banks which are full of opportunities and are looking forward to fill them with competent candidates are facing an acute manpower shortage though skilled and talented people are striving for job opportunities is the stringent recruitment process they still follow. Most of them are still following BSRB Recruitment pattern though they have taken learning from private sector to create positions and serve customer better but their criteria are still not in line to choose the candidates required for the said profiles. They move out to recruit a Manager performing roles as in private sector but follow age old process of recruiting a PO. Lot of people who aspire gets laid off and the gap remains unabridged. I believe HR / Personnel departments need to work on selection procedures and criteria to bridge the gap.

Thanks for the referral Rashmi!!! Good ideation.

I AM OVER AGE EVEN IF SOMEBODY GIFTS ME SOME CATEGORY CERTIFICATE..

The PSBs are now on a recrutiment drive because its branch expansion and in anticipation of huge retiremnets (approximately 60000) by 20212. PSBs have a very great culture, ethics and the most trusted one.

The PSBs will provide a cross learning platform from rural sector (agriculture) to Forex/Derivatives/Technology. The PSB recruitment and promotion processes are very crystal clear. One can definitely grow with his talent. There are employees who have grown from a clerk to a GM/CGM level. The recruitment in PSBs aalso varies from Clerk to a direct recruitment officers in different cadres. In the recent past the PSBBs also recruiting personnel from campuses for different services giving them a better packages.

Different MNCs across the country/world look for domain specialists who have rich experience in  PSBs rather than any other industry.

I would like to respond in two parts:

Part 1 : Urban and Semi-urban areas

Candidates from urban and semi-urban areas when selecting their job look for guaranteed growth as they are quite ambitious. Secondly, most of urban and semi-urban graduates enlist themselves in professioanal courses and they are not interested in data entry or transaction banking positions. Though they are willing to relocate to other centres, lack of growth opportunities cast doubts in their minds and hence looking for MNC opportunities.

In Rural Areas: The education in rural areas still not developed to meet the requirement of the nationalized banks.

What needs to be done?

Nationalised Banks should set up processing centre at rural areas where abundant work-force is available. The banks should impart training to rural areas based on the requirement. Depending upon the availability, they should also revisit acedemic qualification requirement.

Analytical and technical job which makes the job interesting should be located in urban and semi-urban areas, may be with higher pay.

Generate promotional avenues