The Hindu Business Line : South Indian Bank on hiring spree

Coimbatore, Feb. 4 The Kerala-based South Indian Bank is on a recruitment spree. The bank is not just looking to appoint specialist officers, but has also commenced a systematic succession plan.

“A good number of SIB staff are close to retirement age. We have to plan well in advance, train and groom prospective candidates to ensure smooth transition,” its Chairman and CEO, Dr V.A. Joseph, told Business Line.

The bank has already identified 500-plus candidates off campus, of which, 300 are to be placed in the clerical cadre and the remaining as Probationary Officers. “Referral applications are on the rise,” he said.

The bank has decided to appoint probationary officers in the areas of marketing and finance, apart from filling up vacancies in newer branches.

While admitting to the high attrition levels and the problem of retention in the banking industry, Dr Joseph said, “Today, expectations are on the rise. Unless you motivate, promote and create a good working environment, new recruits will not stay.’

“At SIB, promotions are on a fast track. The clerical cadre appointee would be elevated as an officer in 24 months. The career progression has to be fast.”

Sharing a study, Dr Joseph said, ‘The yard stick is no longer money, as was perceived some years back. Today, candidates look for a congenial working environment, career progression and reasonable salary. They no longer shy away from being posted outside their home State/town.”

More Stories on : Human Resources | Private Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee falls on dollar buying

Role of tech in banking highlighted

LIC forays into health insurance

Banks moving into long-dated papers

South Indian Bank on hiring spree

RBI decides to keep its powder dry

Bond market dull ahead of auction

Banks see more credit growth overseas

Call rates tad higher

BoR raises term deposit rates