The Reserve Bank plans to rope in outside consultants to overhaul its human resource practices, a move that would affect its nearly 18,000 employees. The central bank will form a panel of up to six independent professional firms to help RBI in framing, implementing and delivering integrated HR solutions in the areas of HR policies, processes and systems, among others. Among others, the empanelled consultants would advise RBI on matters like hiring, salaries, training, performance appraisal, retention and succession plans. The panel will help RBI in areas like strategic HR planning and advisory services; evaluation and assessment system; HR and management practices audits; beside others.
Source: Economic Times