promotion
09:11
Showing posts with label JOB SECURITY AND SAFETY. Show all posts
Showing posts with label JOB SECURITY AND SAFETY. Show all posts
Thursday, 30 November 2017
Saturday, 29 April 2017
XIth Bipartite
17:16
CHARTER OF DEMANDS FOR 11TH BIPARTITE SETTLEMENT ON REVISION OF WAGES AND SERVICE CONDITIONS
CHARTER OF DEMANDS FOR 11TH BIPARTITE SETTLEMENT ON REVISION OF WAGES AND SERVICE CONDITIONS
By BANK EMPLOYEES FEDERATION OF INDIA(BEFI)
01. BASIC PAY
· Revision of Basic Pay w.e.f. 1-11-2017 by merger of Special Allowance (7.75%of B.Pay) alongwith D.A. payable on Basic Pay and Special Allowance at the average index for the quarter July-
September 2017.
· Construction of revised pay scales by loading thereafter at 20% to clerical staff and 25% to subordinate staff.
· Fitment on stage to stage basis
Stagnation Increments:
· Stagnation increments once in 2 years without any ceiling for both clerical and subordinate staff.
· Stagnation increment/s to be given in all cases of reversion from officer to clerical cadre and clerical to substaff cadre
02. SPECIAL PAY / PQP/ EQP / FPP/ OFFICIATING PAY
· Special Pay to be revised by merger of D.A and loading as in the case of Basic Pay.
· Further increase in Special Pay amount commensurate with the duties, responsibilities and risks involved in each post.
· Revision of PQP/EQP equivalent to the first stage increment in the pay scale.
·Revision of FPP on the same lines of revision of Basic pay.
· Sanction of additional increments to Subordinate Staff for acquiring additional qualifications.
· Anomaly in denial of additional increments for directly passing post- graduation to be rectified.
·Restrictions in payment of officiating allowance to be removed.
Formula for computation of officiating pay needs to be revised and made simple
03. DEARNESS ALLOWANCE
· D.A. to be paid based on CPI (2001=100) Index Series instead of
CPI (1960=100) Series.
·D.A. to be revised on monthly variation in Index.
· D.A. to be revised on rise and fall of every point in the Index.
04. HOUSE RENT ALLOWANCE
·Revision of HRA rates suitably on the revised Pay.
· Areas/population group to be re-classified and based on latest census figures.
·Treating peripheral areas of metros at par for payment of HRA.
·Introduction of Leased Accommodation facility to employees.
· Payment of HRA on Capital Cost / Rent Receipt basis upto 150% of normal entitlement.
·Payment of HRA to employees residing in Bank’s Quarters after
recovery of standard rent.
·Special Economic Zone/EPZ/NEZ, etc. to be made at par with Project
Areas.
· Revision in HRA rates at places based on mid-census population figures
·Revision in HRA at project area centres.
Payment of HRA to employees of Project Area who does not reside in accommodation provided by Bank .
05.TRANSPORT PAY
· Existing Transport Allowance to be substantially increased and renamed as Transport Pay with payment of D.A. thereon.
Tuesday, 4 April 2017
SBI
07:46
Merger Of Banks:Dilemma for SBI's associate bank employees
Merger Of Banks:Dilemma for SBI's associate bank employees
COIMBATORE, APRIL 3:
Employees of associate banks of State Bank of India, who probably wanted to work in the parent organisation, particularly those who have over 10 years experience, may reconsider their resolve, primarily because their acceptance of the offer to join State Bank of India would be deemed as “new employment”.
The bank has, in its offer letter, advised the employees to indicate their Terminal Benefit Option of either going with SBI’s Terminal Benefit conditions or preferring to stay put with the superannuation benefit of the respective associate bank.
By opting for the SBI Terminal Benefit, the associate bank employees, who joined service after April 1, 2010 would get the bank’s contribution to Provident Fund from the date of joining SBI, gratuity and Defined Contributory Pension Scheme (DCPS) pension as available to SBI employees.
However, those who choose to continue with the terminal benefits presently available in the respective associate bank, will not be entitled to SBI terminal benefits or any other additional benefits, and facilities available to SBI employees would stand withdrawn from the effective date (April 1, 2017).
The offer letter has also stated that the Special Compensatory Allowance (SCA) and Special Balancing Allowance (SBA) will not be payable to associate bank employees as they would be joining SBI, whereas these allowances are payable to those who were in the service of SBI as on the date of respective settlements (that is July 23, 2003 for SCA and November 1, 2007 for SBA).
Coming down heavily on such discrimination, union sources say “such clauses are unjustified and aimed at throwing people out.”
“We were expecting additional hands post-merger. We are now afraid that many will leave and we will be left with skeletal staff. I foresee the exit of experienced hands, leaving a vacuum in the middle management level,” said Thomas Franco, General Secretary, All India Bank Officers’ Confederation.
Source:URL
Source:URL
Wednesday, 24 August 2016
Merger of Banks
08:05
How many branches and ATMs need to be closed after the merger because of redundancies?
How many branches and ATMs need to be closed after the merger because of redundancies?
Do you have any numbers on how many staff attrition needs to done, how many branches and ATMs need to be closed after the merger because of redundancies? The specific numbers are still a work in progress. There is no question of closing down ATMs and branches. But optimisation will definitely take place. For example, there are 5-6 branches in the same building in some locations. So that type of optimisation is definitely going to happen. Similar is the case for administrative offices and local head offices. There will be savings on account of less people required. But the attrition will happen in a normal course because every year 13,000 people retire. And how much we need to replace will depend on the synergies from the merger. We are investing a lot of money on digitisation of many processes. So we would like to enhance the productivity of the employees in terms of business per employee and profit per employee..
Source:TheHinduBusinessLine
Sunday, 31 July 2016
SBI
23:02
No losses of job, salary and only few transfers in SBI merger
No losses of job, salary and only few transfers in SBI merger
SBI Chairperson Arundhati Bhattacharya has said that there is no reason for the bank employees to be apprehensive of the upcoming mergers as there will be no losses of jobs or salaries in the process. "There are no losses of jobs or salary. There only might be a few transfers, that's it. There is no reason for strike," Bhattarcharya told IANS on Friday evening. "They are apprehensive of change," she added. Even as bank employees struck work on Friday on the issue, Bhattacharya said the process of the merger of five associate banks and Bhartiya Mahila Bank with the SBI should be over by next March. "Timeline (for the merger) is around by the end of the financial year," she said...Read More >> Click here
Sunday, 17 July 2016
State Bank of India
08:49
SBI merger: Will superbank be a super place to work?
SBI merger: Will superbank be a super place to work?
It is reported that the merger would increase SBI network by 41 per cent to 23,000 branches, while its workforce would increase by 33 per cent to 285,500 employees.What is not being said, however, is how many of these branches will survive the ‘streamlining’ process the bank has already set the dice rolling for. While clear figures may be available only with SBI itself, it is very evident that at least in areas where the subsidiary banks have a strong footprint (like Kerala) many branches will face closures. The question then is, what of the employees at these branches? Presumably, of over 10000-odd branches which would face the axe, a large number of employees will need to be accommodated elsewhere. This could mean unnecessary and inconvenient transfers for many. SBI has traditionally avoided inter-zonal transfers..Read More >> Click here
Saturday, 12 March 2016
SBI
07:36
Demands of the Bank Unions/Associations
Demands of the Bank Unions/Associations
The total strikes observed by the Bank Unions/Associations in Public Sector Banks during the last three years and the current year are eighteen (18). The demands of bank’s unions/associations mostly relate to immediate wage settlement, stop outsourcing of bank jobs, stop banking sector reforms, improvement in pension schemes, provide compassionate appointments in banks etc. The estimated loss suffered from such strikes is not quantified.
The settlements arrived at between Unions of the workmen employees and Indian Banks’ Association (IBA) on behalf of member banks are bound on all the parties to the settlements as per the Industrial Disputes Act, 1947. As such, all member banks including Associate Banks of SBI, parties of Settlements are to implement the said settlements without violating the agreed terms and conditions of the settlement.
Conciliation meetings were held with the representatives of the Unions/Association at the office of Chief Labour Commissioner to avert the strike.
This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.
Source:PIBNEWS
Saturday, 26 September 2015
trade unions
21:46
Need to change pattern of wage revision talks: bank unions
Need to change pattern of wage revision talks: bank unions
The basic pattern of wage revision negotiations (in banks) has to change from a mere exercise to get monetary benefits to that of job security and safety. The All India Bank Employees Association would take the lead in this initiative, CH Venkatachalam, General Secretary, AIBEA, said.
Stating that the association would start consultations with base level suggestions well ahead of time, and as early as next year, he said ‘this time our target would be to quicken the process, put forth our demands well in advance and have the wage settlement talks begin on the dot. Generally, it takes about 24 to 30 months to reach a settlement.
“It need not be such a prolonged issue for the bank managements know our problem and we know theirs. There is a need to radicalise the process, logicalise wage revision, rationalise the demand and expedite the whole thing,” the AIBEA General Secretary added.
Source : BankingUpdates.
