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State Bank Of India : The VRS Story By: PriyatoshPadhan ICFAI TRIPURA
site map Introduction Competition Implementation & Effects Of VRS Redesigning VRS strategy Consequences Of VRS Reasons for revamping HR policy. Post- VRS Scenario
INTRODUCTION State Bank of India  is India's largest commercial bank. The origin of State Bank of India. State Bank group : 1-State Bank of Bikaner and Jaipur (SBBJ)2-State Bank of Hyderabad (SBH)3-State Bank of India (SBI) 4-State Bank of Indore (SBIR) 5-State Bank of Mysore (SBM) 6-State Bank of Patiala (SBP) 7-State Bank of Saurashtra (SBS) 8-State Bank of Travancore (SBT)
Cont.. Vast domestic network. It offer wide rang of services.
Cont..
Competition ,[object Object],[object Object]
Merits: ,[object Object]
Solution to the problem of overstaff.
Explored new talent.
Loss of valuable Human resource.
Acute  manpower shortage.
Decreased efficiency.
Increased the work load on existing workforce.
Effect QWL.

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SBI VRS POLICY

  • 1. State Bank Of India : The VRS Story By: PriyatoshPadhan ICFAI TRIPURA
  • 2. site map Introduction Competition Implementation & Effects Of VRS Redesigning VRS strategy Consequences Of VRS Reasons for revamping HR policy. Post- VRS Scenario
  • 3. INTRODUCTION State Bank of India is India's largest commercial bank. The origin of State Bank of India. State Bank group : 1-State Bank of Bikaner and Jaipur (SBBJ)2-State Bank of Hyderabad (SBH)3-State Bank of India (SBI) 4-State Bank of Indore (SBIR) 5-State Bank of Mysore (SBM) 6-State Bank of Patiala (SBP) 7-State Bank of Saurashtra (SBS) 8-State Bank of Travancore (SBT)
  • 4. Cont.. Vast domestic network. It offer wide rang of services.
  • 6.
  • 7.
  • 8. Solution to the problem of overstaff.
  • 10. Loss of valuable Human resource.
  • 11. Acute manpower shortage.
  • 13. Increased the work load on existing workforce.
  • 15. Adversely effect customer service.Demerits:
  • 16. Alteration Process REASON To restrict the out flow of HR. To maintain balance between workforce. To reduced the work load. Fixing age bar. Restriction regarding eligibility criteria. Formation of SBIVRS optee officers ‘ Association. Media verdict on SBI decision. Cost cutoff may lead to defame. PROCESS CRITICISM
  • 17. Consiquence Shortage of Man power Stress Among employee POOR HR POLICY VRS outcome Reason Required more Working capital Increase workload
  • 18. Reason For Revamping HR policies
  • 19. Steps In Post VRS Scenario
  • 20. The VRS strategy show both the aspects of HR policy of SBI . It succeeded in decreasing the workforce which solve the problem of overstaffing ,on other hand it demoralized and demotivated the existing employee by increasing the work load and by hardening first rules. CONCLUSION

Editor's Notes

  1. It offer wide rang of services.
  2. CRITICISM