Weekyl Roundup (Dec 15-19): News you cannot miss
Hiring for senior level positions in the PSU banking sector saw quite a lot of movement this week. The Finance Ministry announced that it will broad base its search for finding the Head of three PSU banks, Bank of Baroda, Punjab National Bank, and Canara Bank. The statement was issued after conclusion of first round of candidate screening which proved insufficient. The Ministry is open to screening candidates now from the private sector. At the same time, it was announced this week that the Heads of 5 PSU banks were appointed- Arun Srivastava at Syndicate Bank, P. Koteewaran at Indian Overseas Bank, Animesh Chauhan at Central Bank of India, P Srinivas at Bank of Baroda, and K K Sansi at Vijaya Bank.
Several senior level appointments happened this week in the private sector as well. Prashant Pandey, was appointed the Marketing Director of the Consumer Healthcare brand, GSK. GSK also elevated its erstwhile India marketing head Jayant Singh to lead operations in the company’s Brazil unit. The IT service company appointed Kumar Ganesan as the CEO for its North America location. The apparel brand, Raymond appointed Gaurav Mahajan as President.
Among other news, joining a small league of companies abolishing the conventional bell curve is the consulting company, KPMG. It believes that the move will promote greater collaboration and reduce internal competition.
News about women employees in the organisation also featured among the trends for this week. The SBI chief, Arundhati Bhattacharya, announced that the bank is considering a proposal for work-from-home options for its women employees for some functions. If this move comes through, it will be one the firsts in the sector. At the same time, a rather disturbing dichotomy about cultures and its flexibility to accommodate the needs of women in the enterprise also made news. Cultures which believe in gender equality have the least amount of maternity leaves and expect young mothers to rejoin their jobs within 2-3 weeks after motherhood. As a result, there is a high incidence of women leaving the workforce in such cultures. In contrast, cultures which are more tolerant toward gender inequality offer greater maternity benefits. More young mothers in the US leave the workforce compared to Europe, which has very liberal maternity policies.