HR

M

UMAN

ESOURCES

ANAGEMENT

IN

Human Resource Management in Banking Industry

The evolution of technology is one factor to contribute the advancement of every sector of the business. When it comes to human

labour, the involvement of the Human Resource Management is still visible because the productivity of every employee depends on them. In the view of a business, specifically in the banking industry, employees and technology usually work together. The bank feeds the

information and process in acquiring technology and the employees are highly trained to drive the system. To make the harmony and

standardization possible in the banking industry, the human resource fills the missing part of the story.

Rajat GuptaStudent of

GJIMT, (Mohali)

Shri Dhawan Varinder Nath HR Manager,Bank of Baroda,1st Floor, 24, Vijay Nagar, Football Chowk,Jalandhar – 144 002

Good morning, Sir

Good morning

Please , can I ask few

questions regarding HRM

of your bank…..

Sure, why not

Can you please tell me, What are the objectives of

your bank?

Our objectives

are:

To initiate & institutionalize globally competitive HR practices in the bank in our pursuit to become a bank of international standard & first employer choice. To put relevant HRD strategies and use modern methodologies to undertake organizational renewal. To create performance-driven culture and exciting workplace for the employees. To create a learning organization for employees intellectual growth and creativity. To create a pool of entrepreneurial managers and business leader for future.

What are the practices of HRM in your

bank?

Our practices are:

Recruitment and Selection: our banks can recruit and select group of personnel with required skills student from graduate schools . This has led to the improvement of these banks’ operation. Training and Development: our bank can provide on-the-job training programs for employees at the supervisory level, to maintain the bank’s competitiveness. Performance Appraisal: our banks use their performance appraisals for the administrative purpose such as for pay raise and promotion consideration. Which help emphasize teamwork and creativity, etc. other than interpersonal skills or managerial skills, or technical skills. Employee Involvement and Job Security: our bank seek employees involvement and provide job security. Employee relations: our bank create a healthy network among employees.

What is your HR process?

Our HR

process is :

What are your HR initiatives?

Our HR initiatives are:

People oriented Deployment, Promotion and selection policies: HR Resourcing policy Promotion policy for officers Transfer policy for officers Promotion policies for clerical Overseas selection policyTalent identification & Grooming programmes: SEED (Self efficiency and effectiveness development) Customised Leadership development programmes: PROJECT LEAP PROJECT UDAAN

Employee performance management systemBaroda Sujhav(ideaonline@bankofbaroda.com)Role-change programmes and executive development programmes

Thank you sir, for giving me

such beneficial

information.

My pleasure…

Thank You