News: Private banks rain goodies on staff as talent war hots up

C-Suite

Private banks rain goodies on staff as talent war hots up

Private sector bank employees are been rewarded generously even as annual hikes in most companies in other sectors have been moderate due to the economic slowdown, a Hindustan Times report said.

Private sector bank employees are been rewarded generously even as annual hikes in most companies in other sectors have been moderate due to the economic slowdown, a Hindustan Times report said.

With around 20,000 jobs likely to be added due to the entry of new players, private sector lenders such as ICICI Bank and HDFC Bank are looking at ways to compensate their employees monetarily and otherwise, in a bid to retain them.

ICICI Bank, which has about 65,000 employees, has handed out employee stock ownership plans (ESOPs) to a large number of its staff, besides announcing handsome increments.

Read the full report here

Read full story

Topics: C-Suite, #Updates

Did you find this story helpful?

Author

QUICK POLL

What is your top focus area for reinventing work in the hybrid world of work?

How can we prepare for a challenging 2023?

READ our latest issue for tips and suggestions.