What a big irony a system may have, when a sector works more, takes less holidays, contributes more to the productivity and get less pittance. What our government sector bank employees are getting right now, that is account to be just two-third of the salary what government employees get.
Further irony is that prior to 1979, this banking sector was getting almost 10 percent more salary etc. than the the government sector employees. However, in the post 1980 period the bankers' salaries keep reducing in comparison to government sector and government PSUs' employees. The gap between the bankers' salary and central government salary kept increasing in all subsequent pay commissions. The reason is, for the central govt. employees, we have a constitution of pay commission at every 10 years, whereas for the bank staffs, their unions have to bargain with the Indian Bank Association (an outfit of all nationalized banks' top management affiliated by ministry of finance, govt. of India).
In course of collective bargaining to be held between IBA and UFBUs, the quantum of salary Increase being decided. Previously it was fixed in 2007 by increasing 19.7 percent salary hike till the ending period of year 2012. Now it is already 2 years spent, no final settlements have taken place as of now between IBA and Confederation of Bank unions. National confederation of Bank employees had already staged strike and protest in the month of November and December for the demand of 23 percent salary hike which is just similar to the last hike done in 2007, IBA is just offering 13 percent hike. Confederation is not ready to accept it. Now the confederation has called again 3-day strike since 21st January which was ultimately deferred. Mr. Harvinder singh, gen. secy. to all India bank officers association, while talking to Economy India said, that our association is not attached with any political parties, that is why IBA and Govt. are not endorsing our demands.
Mr. Singh furthers says that bankers enjoy less holidays, only one weekly off and more work loads , despite this we are being treated step motherly by the government. He further says the new NDA government's prime scheme jan dhan yojana has enhanced our responsibilities a lot. We do overtime work in the offices, despite this we are struggling for our most genuine demand. The fact is that after the New Economic Policy, both the public and private sector have greatly come in the competition. The growing entry of private sector banks has enabled our public sector bank to be more competitive.
Govt. sector banks are also offering more customer service in line with the offerings of private sector, whereas public sector banks gained importance during recession period. But under the New Economic Policy it was seen the productivity oriented sector became more paying for their employees. But, unfortunately it did not happen in govt. banking sector. They are getting less salary and inferior working conditions, whereas unproductive government sector which is full of red tapism getting higher salary and better working conditions. This situation is against the basic principle of New Economic Policy, which accounts for productivity linked wage policy.
The fact is that in public sector banks almost no genuine recruitments have been held for many years. Workloads have been enhanced manifold, but the man power is get reducing, because every year thousands of employees get retire, but in that proportion recruitment is not there. It is high time when govt. should meet out the bankers' demand of around 19.7 percent salary hike for the 2012-2017 period. The fact is that even this amount is just not in parity with the existing inflation rate of the country. The seventh pay commission is about to come in next year for the govt. employees, whereas bankers, the earning hands as well as implementer of various schemes of government of India are begging with their bowls.
Further irony is that prior to 1979, this banking sector was getting almost 10 percent more salary etc. than the the government sector employees. However, in the post 1980 period the bankers' salaries keep reducing in comparison to government sector and government PSUs' employees. The gap between the bankers' salary and central government salary kept increasing in all subsequent pay commissions. The reason is, for the central govt. employees, we have a constitution of pay commission at every 10 years, whereas for the bank staffs, their unions have to bargain with the Indian Bank Association (an outfit of all nationalized banks' top management affiliated by ministry of finance, govt. of India).
In course of collective bargaining to be held between IBA and UFBUs, the quantum of salary Increase being decided. Previously it was fixed in 2007 by increasing 19.7 percent salary hike till the ending period of year 2012. Now it is already 2 years spent, no final settlements have taken place as of now between IBA and Confederation of Bank unions. National confederation of Bank employees had already staged strike and protest in the month of November and December for the demand of 23 percent salary hike which is just similar to the last hike done in 2007, IBA is just offering 13 percent hike. Confederation is not ready to accept it. Now the confederation has called again 3-day strike since 21st January which was ultimately deferred. Mr. Harvinder singh, gen. secy. to all India bank officers association, while talking to Economy India said, that our association is not attached with any political parties, that is why IBA and Govt. are not endorsing our demands.
Mr. Singh furthers says that bankers enjoy less holidays, only one weekly off and more work loads , despite this we are being treated step motherly by the government. He further says the new NDA government's prime scheme jan dhan yojana has enhanced our responsibilities a lot. We do overtime work in the offices, despite this we are struggling for our most genuine demand. The fact is that after the New Economic Policy, both the public and private sector have greatly come in the competition. The growing entry of private sector banks has enabled our public sector bank to be more competitive.
Govt. sector banks are also offering more customer service in line with the offerings of private sector, whereas public sector banks gained importance during recession period. But under the New Economic Policy it was seen the productivity oriented sector became more paying for their employees. But, unfortunately it did not happen in govt. banking sector. They are getting less salary and inferior working conditions, whereas unproductive government sector which is full of red tapism getting higher salary and better working conditions. This situation is against the basic principle of New Economic Policy, which accounts for productivity linked wage policy.
The fact is that in public sector banks almost no genuine recruitments have been held for many years. Workloads have been enhanced manifold, but the man power is get reducing, because every year thousands of employees get retire, but in that proportion recruitment is not there. It is high time when govt. should meet out the bankers' demand of around 19.7 percent salary hike for the 2012-2017 period. The fact is that even this amount is just not in parity with the existing inflation rate of the country. The seventh pay commission is about to come in next year for the govt. employees, whereas bankers, the earning hands as well as implementer of various schemes of government of India are begging with their bowls.
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