Tuesday, April 27, 2010

Wage revision and settlement of bank employees in India

Wage revision in banks of India has been finalized for both clerical and officer level workers. Some profitable banks such State Bank of India and Bank of Baroda wanted to have their own wage negotiation on the ground that their employees are more productive and responsible. So, they deserve better compensation packages so that they could retain their employees. Indian Express.com reports:

MBN Rao, chairman of IBA, said it was decided to request banks to place the charter of demands before the respective boards of directors and seek their approval for giving the mandate to IBA to negotiate with the unions/associations on their behalf or do it themselves. Currently out of 47 banks that were parties to VIII Bipartite Settlement, IBA has received mandates from 38 banks — 25 public sector banks, nine private sector banks and four foreign banks.

For more information visit:

http://www.allbankingsolutions.com/Wage-revision-UFBU-circular-2-2010.HTM

http://www.allbankingsolutions.com/Wage-revision-AIBOC-circular-40-2010.HTM

http://www.allbankingsolutions.com/Wage-revision.htm

To download complete circular by SBIOA HC with the revision list visit:

http://sites.google.com/site/financepoll/bankrevision2010.pdf?attredirects=0&d=1

To download arrear sheet for clerical staff visit:

http://allbankingsolutions.com/Arrear-Sheet-clerks.xls

To download arrear sheet for officers version 5.0:

http://allbankingsolutions.com/Arrears-Worksheet-version5.xls

Wage revision list:

http://www.sbioahc.com/Business%20company_files/Circulars/Assn%202010/01SAL%20JMGS%20I.pdf

http://www.sbioahc.com/Business%20company_files/Circulars/Assn%202010/02SAL%20MMGS%20II.pdf

http://www.sbioahc.com/Business%20company_files/Circulars/Assn%202010/03SAL%20MMGS%20III.pdf

http://www.sbioahc.com/Business%20company_files/Circulars/Assn%202010/04SAL%20SMGS%20IV.pdf

http://www.sbioahc.com/Business%20company_files/Circulars/Assn%202010/05SAL%20SMGS%20V.pdf

http://www.sbioahc.com/Business%20company_files/Circulars/Assn%202010/06SAL%20TEGS%20VI.pdf

http://www.sbioahc.com/Business%20company_files/Circulars/Assn%202010/07SAL%20TEGS%20VII.pdf

3 comments:

  1. DETAIL CALCULATION SHEET REQUIRED

    ReplyDelete
  2. Want to know the date of effect of pension to Officers of Bank and amount eligible .

    What is the date of effect of Gratuity enhanced to Rs.10 lacs

    ReplyDelete
  3. Please tell me whether the officers who have taken VRS in 2001 are eligible for the enhancement of their pension.
    thanks.
    ps subramanian

    ReplyDelete