Human Resource Management
JOB ROTATION
BANKING SECTOR
TEAM MEMBERS
PUNIT KINARIWALA
RAJKUMAR UPADHYAY
21
58
PRIYANKA VISHWAKARMA
SHRISTI TIWARI
59
57
INTRODUCTION
Job Rotation is: Management Tool Pre-planned Approach Effective Process
OBJECTIVES OF JOB ROTATION
Reducing the monotony of the job
Succession Planning
Creating Right Employee Job Fit
Exposing workers to all the verticals of the Organization
BENEFITS OF JOB ROTATION
Helps the Manager to identify the hidden talent of the
employee
Helps the employee in identify his/her real Interest
Identify Knowledge, Skills & Attitudes
Motivates employee to deal with new challenges
Increases Employee Satisfaction & Decreases Attrition
rate
ORGANISATION SELECTED
AXIS BANK
Chairman: Adarsh Kishore
Current MD & CEO: Shikha Sharma
Axis Bank was the first of the new private banks to have
begun operations in 1994
Registered Office: Ahmedabad Bank has a wide network of more than 1281 branches One of the largest ATM networks in the country having over 7591 ATMs
AXIS BANK
VISION: To be the preferred financial solutions provider
excelling in customer delivery through insight, empowered employees and smart use of technology
AWARDS:
Most Productive Private Sector Bank Award - FIBAC 2011 Banking Awards Ranked 3rd Strongest Bank in Asia Pacific region by Asian Banker
Chairman and Managing Director: Shri. Narendra Modi
INDIAN OVERSEAS BANK
Established: February 10th 1937 by Shri. [Link].M.
Chidambaram Chettyar
IOB was one of the 14 major banks that was nationalised
in 1969. Total of over 700ATMs Presently has a total of 1400 domestic branches and 6 overseas branches.
INDIAN OVERSEAS BANK
The symbolic representation of growth and security and its punch line is "GOOD PEOPLE TO GROW WITH".
FINDINGS & ANALYSIS
.
PARAMETERS
What is Job Rotation? Rationale Job Rotation Cadre/ Designation Evaluate employees performance
AXIS BANK
-Assigning another job responsibility -Competencies -Non performance -All levels
INDIAN OVERSEAS BANK
-Change in work allocations -Opportunity of exposure & experience -Operator level -Junior & Senior Manager -Accomplishment -Feedback
- Accuracy of work - Staff management - Sales figures
.
PARAMETERS
Factors considered
AXIS BANK
-Performance
INDIAN OVERSEAS BANK
-Educational background -Aptitude -Area of interest - Counselling - Hamper promotion - As per the cadre -Learning -Prevent fraud cases
If Job Rotation is -Low Grades ineffective? Time span - Not pre-decided Benefits of Job Rotation -Increase in performance of the department
.
PARAMETERS
Challenges
AXIS BANK
- Fear of losing some good employees
INDIAN OVERSEAS BANK
-Resistance from employees -Time consuming
Direct / Indirect Cost Suggestion
- Hike in pay scale(not Operator level, Junior & always) Senior Manager -Before rotation, employee should be asked for their preference Job rotation should be implemented in the right spirit
RECOMMENDATIONS
Clear understanding of expectations
Connect the new employee with the existing
employee of the department
Offer incentives for job rotation
Conducting training programs for employees
Analyze the employees pre & post job
rotation performance and implement the learning of the program.
JOB ROTATION CHECKLIST:
The following must occur for each job rotation set-up:
Jobs proposed to be rotated are _____________
Has an employee meeting been held to determine
interest and gain involvement and input?
Has each task involved in the proposed rotation been
reviewed with the physical job Analysis checklist to
determine precise requirements and has a Job Rotation Worksheet been generated?
JOB ROTATION CHECKLIST:
Has common sense been used in evaluating job rotation
possibilities?
Have all employees involved in the rotation schedule
been trained to do all tasks?
Has flexibility and consideration been given for
individuals in the rotation schedule?
JOB ROTATION CHECKLIST:
Are there any employees who would have physical
difficulty in performing all the tasks? Can
accommodations be made for these individuals?
Have formal follow-up evaluations using Team members
and supervisors been conducted? Are benefits or problems being tracked (increased or decreased injury rates, turnover, employee satisfaction, workers compensation costs, etc.)?
THANK YOU