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The Parliament Standing Committee of the Finance Ministry informed that the increased workload and stress is making banking and finance jobs unattractive. The report cited the statistics recorded by the IBPS.
The Parliament Standing Committee of the Finance Ministry informed that the increased workload and stress is making banking and finance jobs unattractive. The committee has also published a report regarding the same. As per the report, there is a significant decrease in the number of applicants for clerical posts and probationary special-officer posts in the banking sector.
The committee was headed by the Verappa Moily, Congress leader. According to the reports, the main reason for the decreasing number of applications is the long and hectic working hours, work pressure and unavailability of proportional benefits. These factors have led youth show minimal interest in banking jobs.
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Apart from this, the committee also suggested the banking sector come up with a proper appointment plan as many banking officers are getting retired in the next financial year. The statistics revealed that over 95% of general managers, 75% of the deputy general managers and 58% of the additional general managers will get retired. Therefore, it is advised that the banks should come up with the appointment plan to fill up the posts.
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The report also suggested making the salaries of banking sector employees more lucrative. The disparity between the salaries of the senior officers in the private and the public sector should also be reduced.
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