Jan 22: The rapidly extending digitalization has prompted SBI to increase openings for customer-facing employees, while it plans to cut down on its regular administrative staff. The government-owned lender has initiated one of the largest recruitment drives since 2013, in which it would welcome 9,500 employees for customer support and sales functions.
The bank’s decision to hire thousands comes at a time when the number of employees has fallen beyond proportion due to attrition and providing voluntary retirements, since its merger with the associate banks. SBI’s employee strength has reduced to 2,69,219 by the end of September 2017, from 2,79,803 at the beginning of the financial year which in turn was a decline of 10,584 employees, said a report. The bank officials are of the opinion that the high rate of attrition that occurred in the initial year of recruitment has led to the need to hire many workers for the entry-level roles.
SBI seems to be going for a restructuring after it merged associate bans with itself last year. According to a report that quoted a bank official, candidates usually make multiple applications and choose the one that is most convenient to them, in terms of location and hence, the bank also maintains a reserve list of candidates.
It is indeed a pleasant news that SBI is planning recruitments at the rate of thousands, which would pick up by 2018. Mettl, a skill assessment company has revealed that a large number of companies will be increasing their recruitments when compared to last year. A report based on the feedback from more than 1,860 business heads and human resource (HR) leaders points out the probability of nearly 76 percent of organizations increasing their recruitments.