Today's banking is knowledge based and tevolvechonolgy driven and is constantly evolving. Therefore , ateanew set of professional qualification should be stipulated for different of new recruits being inducted in to the banks. The selection process should be based on talent spotting principle which is being currently practised.The intent of the recruitment policy should be to recruit the right kind of people to provide a continuous flow of human resources to they a organisation in order to remain young and dynamic always. Ati the end of the probation period each new recruit should qualify against certain benchmarks and standard tests for conformation of service.
As banking,knowledge ,skill and technology keeps changiung ;there is continuous need for individual as well organisational skill development .PSBs should undertake HR audit regularly to map skills.Each bank should have a premier professional training and research institute for effective knowledge management in the organisation.
Each employee should go through a compulsory training regime to develop hard and soft skills.As there is a skill and experience gap in banks due to retirement of experienced employees , more emphasis should be placed on experiential learning and on the job training in order to bridge the gap.
As banking,knowledge ,skill and technology keeps changiung ;there is continuous need for individual as well organisational skill development .PSBs should undertake HR audit regularly to map skills.Each bank should have a premier professional training and research institute for effective knowledge management in the organisation.
Each employee should go through a compulsory training regime to develop hard and soft skills.As there is a skill and experience gap in banks due to retirement of experienced employees , more emphasis should be placed on experiential learning and on the job training in order to bridge the gap.
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