THE country's biggest lender, State Bank of India (SBI), will hire 20,000 people this year in a recruitment drive billed as the biggest for any bank in the world. "This is the biggest HR initiative that any bank has taken around the world, and not just in India. It can qualify for the Guinness Book of Records," chairman OP Bhatt told reporters on the sidelines of the Indian Banking Conference organised by the Indian School of Business.
The massive staff intake will help meet SBI's demand for manpower as it adds 3,000 branches in the next few years. "Bulk of the recruitment will be for junior level staff. Once the recruitment is complete, we will have around 1.85 lakh employees on our rolls," Mr Bhatt said.
The bank was reaping the gains of its Parivartan HR initiative launched last year in the form of improved productivity, he observed. A programme called 'Chairman's Club' has been started, as a part of which successful branch managers and their spouses are invited to dine with the bank's chairman and his wife. "This is a non-cash incentive that we are providing to the bank employees thus motivating them to do better."
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