HR Globe

The Hindu Business Line - 9th July 2007

This refers to the article “Changing HR paradigm in banks” (Business Line, July 3) on the need for an HR re-engineering process for public sector banks.

It is a timely prescription for potential human resources to be identified and an active plan drawn up to develop and mould them to take the organisation forward over the next decade.

The basic strengths and resources of the banking industry, especially those of the much-maligned public sector banks, are such that the sector can, in course of time, equal the best in the world.

In this context, a renewed emphasis on human resource development and advance career planning of its young executives is an urgent need, highlighted in the above article.

The Government’s policies are towards granting more autonomy, gradual professionalisation of company and bank boards and strengthening the top management.

Recently, it has sanctioned the post of an additional Executive Director for big public sector banks.

This policy will offer, in a small way, more opportunities for the deserving senior executives.

What, however, causes concern are the media reports of the lack of proper delineation of functions of the top hierarchy and one treading on the toes of another.

Worse, instead of taking the initiative, CMDs expect the government to list the functions of the Executive Directors.

There is, no doubt, an urgent need for re-engineering of human relations development.