Bank jobs are very lucrative and every candidate wants to get one. So you try all your best and work hard to get through the written exam and interview.
However, the reason I wrote this article is because SBI is all set to change its recruitment policy. If you want a job in banks like SBI then you need to know what SBI is doing with its recruitment policy.
All graduates and students who are in their final year need to read this article. You cannot compete if you do not have any knowledge about the things going in the job market.
Here are some of the changes done by State Bank of India in its recruitment policy.
1. Number of New Recruitment = Number of Retirements Every Year
The first major paradigm shift about recruiting is that number of new recruitment would match the number of retirements every year.
We need to talk about this. Early State Bank of India used to hire when they are need of new employees. Hence until now state bank of India was hiring in spurt.
This has created a great imbalance for the bank. There are more retirements every year than new recruitment. It means rate of retirement has exceeded the recruitment process.
Therefore State Bank of India made a decision to level the new recruitments with the rate of retirements every year.
2. No More Hiring in Spurts
As I said state Bank of India hired new candidates in spurts. In other words, SBI hired when they are in urgent hence they never had a plan.
They could hire twice a year and they could go without hiring for other two years. However, now state bank of India will be hiring every year.
Hiring in spurts has not worked for the SBI. It is because the employee count for this year has declined substantially. This year there are 10,000 retirements and only 5000+ recruitment.
Hence, retirement is more than recruitment. There no more hiring in spurts but every year.
3. Streamlining Recruitment Process
The recruitment process would be streamlined so there is a mechanism that will allow aspirants to prepare for the SBI written exam and interview.
Streamlining the recruitment process would make the bank more efficient and the bank could recruit new employees at right time.
On the other hand it will also help aspirants to prepare for the written exam and interview beforehand. They do not have to wait for news bulletin coming from employment news.
What does it mean by streamlining the recruitment process we shall discuss in the next paragraph? Streamlining would help both the bank and the aspirants tremendously.
4. A Schedule and Common Entrance Exam
Streamlining recruitment process would mean conducting a common entrance exam like any MBA college or an Institute.
Like you have a Joint Entrance Exam or JEE for IIT’s similarly State bank of India would conduct an entrance exam once a year.
Therefore candidates applying for the SBI bank job would know well in advance that every year on this particular month there will be an entrance exam.
It will really help candidate to prepare for the exam well in advance. They would know that every year in this day and date they are going to appear for the exam.
This is perhaps the most important policy change by state bank of India.
5. Training of New Recruits as Per the Market
The last change by State Bank of India would the training of the new recruits. SBI is planning to overhaul its training process.
They want more hands on training that would increase the productivity of the employees. Every employee must be trained well enough so that the SBI could compete with other banks in the world.
SBI might increase the level of training in coming years the new recruits.
So these were few changes in policy by the State Bank of India. SBI is the largest bank in India and they employee thousands of new candidates every year.
Hence, you need to know if you want to apply for a bank job in SBI. Now everybody knows when exam will take place every year.