..." For Central Govt. Employee the wage revision is at 40 % with lots of other benefit, for PSUs the revision range from 60% to 90%, for UGC teaching professional the revision is at 60% & even in many state Govt. the revision is more than 50% BUT PSUs BANK OFFER is at 13.09%. Please ask yourself do you work less than others or do your organisation is not making enough profit, are you working at a very comfortable work environment without risk & responsibility .... If your answer is NO than you deserve a respectable wage hike (Let us make it a mass movement ). Please circulate to all colleagues (send SMS to a minimum 15 colleagues ) so that message will reach to its destination ..."
This is the text message that is being circulated amongst the various Bank employees on a regular basis as the Bank Employees are not being offered a respectable hike in their next Salary Wage revision for which the United Forum of Bank Unions is negotiating with the IBA and the Govt. The Government of India on the one hand is giving Lucrative handsome increase to various Govt. Employees , it is waiving around 60000 + crores of Bank Loans but the Bank Employees are not given their due demands.
In the present scenario of Global Meltdown when the Economies of various countries has gone down leading to failure of a large no. of Bank's our esteemed leaders do not feel ashamed to boast of the fact that India's Economy is strong and the Indian Bank's are strong. We can see the two sides of the same mirror where on the one hand the Govt. accepts that Indian Banks are strong and the Indian economy is stronger than that of Global countries, on the other hand the same Bank Employees are deprived of their Justified Demand for a handsome increase in the Salaray unlike the Govt. Sectors
In todays's news in Dainik Bhaskar a report is appearing " ..Govt has increased the salary of Chairman of Electricity Regulatory Commission (Vidyut Niyamak AAyog) from existing Rs. 26000/- to Rs. 80000/- with arrears payable from 1st January 2006 .."
Similarly there is news about the salary incres threefold for the Judges.
The Bank Employees are also responsible wokers, they give their best output despite the various hurdles faced by them. They are not only responsible but also accountable for the jobs undertaken by them. Bank Employees have always stood by the Government Expectations. Hence there is need to take a fresh look of the entire situation and respectable enhancement of salary should be a value for the good work done by them.
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i thank u raising such an issue in ur blog. i also urge the concerned authorities to look into the matter and comeout with a respectable solution.
ReplyDeletearun
The issue that has been raised here is of concern for many people today, almost everybody who is working.We all want a raise.But no body can convince the accounts employee i.e "our very own salary providers" that "i" deserve a raise.The situation is worst when it comes to bank employees.Their hikes are not hikes in real terms if we compare it to the most popular industry of the age "IT".I could never understand the difference between the two industries IT and Banking when it comes to sincerity or commitments.Both give their best and deserve an equal chance of the hikes, raise or whatever.Unfortunately banking industry gets paid less and expected not to expect any hike or raise.Lets hope for the best that if not equal to out IT pro's but atleast something deserving should be awarded to the banking sector.After all, we all work for some appreciation and some money.
ReplyDeleteSir, major deciding factors of salary are, in my view in economy in vogue are as under: -
ReplyDelete1. Risk involved in the job & Accountability
2. Availability / non availability AND ratio of incentives LINKED with the growth of business.
3. Practical working hours.
4. Number of days of working in a year.
5. Vulnerability to grievances while discharging of duties.
6. Business continuity / suspension factors, while discharging duties in normal course. ( Bankers have to usually undertake extra personal skills / pains for which no extra payment / quantifiable appreciation is received).
7. Mobility / transfers. (assurance of posting at a place for a certain no. of years)
8. Future prospects.
9. Peace of mind while and after discharging your official duties.
10. Requirement of updating your knowledge for discharging your duties.
11. Job security.
12. Retirement benefits.
13. Life expectancy.
14. Whether you have to reach out to people and make them happy OR others have to pursue you.
15. Direct relevance of the job with the benefit to the employer’s benefits.
16. Other than salary benefits for which the ex-chequer ( the employer / the Treasury) bears great burdens ( in some cases more than that of the salary of employee) such as: -
a. Conveyance.
b. Medical & hospitalization.
c. Housing (Govt. / employers owned and / allotted quarters) presumptive rent & Burdon on employee.
d. Practical time left after job to look after / physically support & look after your personal and family needs.
e. Status and peace of mind bestowed by the nature & placement of the job, clubs, recreational facilities, defined security, residential townships, societies.
f. Transportation facility, costs of jeeps / cars provided.
g. Driver, Gardner, Peon, Cooks etc, and their salary reimbursements.
17. Negotiation powers vested with the Employees Union.
18. Benefit of vote bank, in this democratic country, by making employees group happy and comfortable.
In view of the above wage deciding factors, Branch Managers / Accountants / and other posts at any seniority level in Nationalized Banks are getting much lesser salary and benefits as compared to many state Government employees / Central Govt. employee / Private sector banking & financial services employees. Even a respectable wage revision is not being offered by IBA due to our weakness / non-qualifying marks under point no. 15 & 16 above. Apart from the earning profits, all bankers are also acting as development agents for the economy. For this they have to undertake more responsibilities / keep cool & updated mind / input extra energy to explain & retain sustained growth.
In larger interest of the Indian Economy, IBA must recognize the services renders by nationalized banks’ staff and must offer a respectable salary to employees to enable them to be effective development agents for the economy.
Sir, major deciding factors of salary are, in my view in economy in vogue are as under: -
ReplyDelete1. Risk involved in the job & Accountability
2. Availability / non availability AND ratio of incentives LINKED with the growth of business.
3. Practical working hours.
4. Number of days of working in a year.
5. Vulnerability to grievances while discharging of duties.
6. Business continuity / suspension factors, while discharging duties in normal course. ( Bankers have to usually undertake extra personal skills / pains for which no extra payment / quantifiable appreciation is received).
7. Mobility / transfers. (assurance of posting at a place for a certain no. of years)
8. Future prospects.
9. Peace of mind while and after discharging your official duties.
10. Requirement of updating your knowledge for discharging your duties.
11. Job security.
12. Retirement benefits.
13. Life expectancy.
14. Whether you have to reach out to people and make them happy OR others have to pursue you.
15. Direct relevance of the job with the benefit to the employer’s benefits.
16. Other than salary benefits for which the ex-chequer ( the employer / the Treasury) bears great burdens ( in some cases more than that of the salary of employee) such as: -
a. Conveyance.
b. Medical & hospitalization.
c. Housing (Govt. / employers owned and / allotted quarters) presumptive rent & Burdon on employee.
d. Practical time left after job to look after / physically support & look after your personal and family needs.
e. Status and peace of mind bestowed by the nature & placement of the job, clubs, recreational facilities, defined security, residential townships, societies.
f. Transportation facility, costs of jeeps / cars provided.
g. Driver, Gardner, Peon, Cooks etc, and their salary reimbursements.
17. Negotiation powers vested with the Employees Union.
18. Benefit of vote bank, in this democratic country, by making employees group happy and comfortable.
In view of the above wage deciding factors, Branch Managers / Accountants / and other posts at any seniority level in Nationalized Banks are getting much lesser salary and benefits as compared to many state Government employees / Central Govt. employee / Private sector banking & financial services employees. Even a respectable wage revision is not being offered by IBA due to our weakness / non-qualifying marks under point no. 17 & 18 above. Apart from the earning profits, all bankers are also acting as development agents for the economy. For this they have to undertake more responsibilities / keep cool & updated mind / input extra energy to explain & retain sustained growth.
In larger interest of the Indian Economy, IBA must recognize the services renders by nationalized banks’ staff and must offer a respectable salary to employees to enable them to be effective development agents for the economy.