BY GOPALACRISHNAN.

   

Bank of Baroda founded in year 1908 It is the third largest bank in India State Bank of India Punjab National Bank ICICIBank, BoB has total assets in excess of Rs.2.27 lakh crores,a network of over 3,000 branches and offices, and about 1,100 ATMs. IT plans to open 400 new branches in the coming year.

of Baroda has the tradition of continuous enrichment of its human asset so that they deliver value to the business. In the on going Business Transformation Programme, EMPLOYEE play a vital role and are one of the key business enablers
Bank

HR practices in the Bank pursuit to become a Bank of international standards and to become an employer of preferred choice Identify and nurture talent, bring about marked changes in the mindset of employees at all levels so as to enhance HR Quality To create a learning organization for employee intellectual growth and creativity and to reskill the workforce.

 

Strategic Leadership - Corporate level Business Leadership - Zonal & Regional level Operational Leadership - Business unit level i.e. branch

   

Promotion and selection policies oriented towards identifying the best talent and providing opportunities for fast-track growth and development. HR Resourcing policy Promotion policy for officers Transfer policy for officers Promotion policies for clerical and subordinate cadre Overseas selection policy

Oracle Core HR Module - covering all current HR processes in the Bank Oracle Learning Management Module - which includes training administration & e-learning are gradually being put on the system for employees to avail of and undergo these courses. Payroll Module - centralised payroll, payments of various benefits, welfare schemes, terminal benefits, etc.

A new Performance Management system has been formulated and implemented for all officers 2009 onwards. The new system enables approach to the issue of managing performance and does not limit to only an appraisal. It starts from performance planning and Goal-setting and takes it forward into performance review discussions, feedback and development.

To keep up fast changing business scenario, customer preferences, numerous technology applications and compliance & regulatory requirements, training has become a centrestage activity. The bank conducted 342 training programs in the area of CBS covering 6234 employees during the year. To provide appropriate thrust in the area of credit and risk management, 193 programmes were conducted in other functional areas covering 4595 employees during the year

Bank of baroda plan to recruit 4000 employees in the of month of september both the clerical and office level staff in equal number. M.D. Mallya the new recruit would support the bank growth.