Showing posts with label bank employee. Show all posts
Showing posts with label bank employee. Show all posts

Thursday, July 10, 2014

A Letter To All Bankers

Humiliation Happened In PNB-- Tomorrow It May Happen At Other Bank  BY S.Srinivasan-President-NUBE
National Union Of Bank Employees’

Dear friends of bankers

At the outset we acknowledge, appreciate  your certitude and tenacity  and endorse the article in your sites ‘war against humiliation has to be launched by trade unions’and other interrelated articles  spearheading the cause of bank employees  in tune with your healthy missions . Our organisation NUBE expresses its solidarity the fight undertaken by you and the employees/officers  of PNB to bring the issue to the logical end .

Recent suicide by a Punjab National Bank’s officer Ajay Sehgal, Chief Manager,  aged 51 has exposed  pre medieval , insolent ,bullying  machinations of  some  top honchos in the banking and  inhuman treatment meted to their subordinates . our heart goes to the family of the deceased  in this distraught hour .  
The  role of work is changed throughout the world due to economic conditions and social demands. Originally, work was a matter of necessity and survival. Throughout the years, the role of "work" has evolved and the composition of the workforce has changed. Today, work is still a necessity and personal satisfaction as well. Work-life balance is a broad concept including proper prioritizing between "work" (career and ambition) on one hand and "life" (pleasure, leisure, family and spiritual development) on the other. 
The issue of ‘Work-Life Balance’ within banking services has drawn considerable attention over the past few years. The movement towards the better service has increased the development of the banking industry. Employees of the banks are providing lots of services in order to remain competitive in a rapidly changing market. On the other hand many hardworking employees, officers who work beyond working hours to meet the demand of ‘day end ‘  due to frequent  link failure or reach targets set by the top echelons whether it is CASA,, recovery of NPA  or financial inclusion    go unrewarded . . 

However, with  increased working hours, stress and responsibilities many bankers are unable to balance their personal and professional lives.. Immense job hour stress with emotional problems which escalates into full-blown crisis has now become synonymous with the Indian Banking Industry, where subordinates are forced to deliver under stress which results in advanced psychological conditions which linger around them say experts. In recent time the public sector banks have started aping their private counterpart by believing that divulging loan will bring in more profit. But the functioning of a public sector bank is quite different from the private ones and there are many checks and balances in place to keep losses at bay. NUBE  had in memorandum  to the government
 had written about the global trend of working week and working hours  justifying demand 5 day week. In India employees in public sector banks work even beyond 50 hours in week to meet the ambitious  , ungainly, unscientific  business plan targets set by their respective  banks from  time to time . The reasons as to why people work longer than the hours stipulated are varied and complex and we are  not getting into that here. But if one has to sum up it would be because employers exploit workers ,.in the past  workmen themselves did  over-time to supplement their income as per the settlement  as they do not always get a decent wage by working their normal hours. But now payment of overtime is reduced to  comatose .  At higher levels, many see working extra hours as a way to get ahead in the organisation.

We live in an increasingly complex world where work weeks seem to be getting longer, not shorter. The need to “work smarter, not harder” has gripped us like never before. This struggle to survive and succeed leads to stress and when this job stress becomes unbearable, it may lead to suicide.

Suicide: Suicide (Latin suicidium, from sui caedere, "to kill oneself") is the act of intentionally causing one's own death.Suicide is often committed out of despair or stress related to job or any other personal reasons. Job stress is obviously the most important reason of people committing suicide in the public sector. Suicide in public sector is increasing alarmingly. 

According to reports 50% employees in Indian public sector are under job stress; 30% have problems such as addictions and marital discord; 20% suffer from depression. These figures clearly depict job stress as the number one stressor in the lives of public sector employees. Public sector staff hit by stress epidemic . The government's target culture is leaving public sector staff too stressed to work, according to an independent study. There is a high proportion of particularly challenging public facing roles in the public sector such as police, healthcare, teaching, and social services which contribute to higher than average levels of absence.

In the competitive industrial scenario, one of the key components to increase the bottom line in the globalized economy is to find out how an enterprise leverages capability at a global level for procurement, sourcing and delivering all its products and services across markets far more rapidly and takes advantage by cross leveraging between various markets. Working in such conditions has become tough for the public sector employees. One person works to the point of exhaustion; another is tied to the computer, allowing little room for flexibility, self-initiative. Karōshi which can be translated literally from Japanese as "death from overwork", is occupational sudden death .

In public sector banks , HR practices and its management have a long way to go in order to achieve professional and competitive HR standards. There is lot to be done by HR in these terms. In India, the high rate of suicide among young adults can be associated with greater socioeconomic stressors that have followed the liberalization of the economy and privatization leading to the loss of job security, huge disparities in incomes and the inability to meet role obligations in the new socially changed environment. The breakdown of the joint family system that had previously provided emotional support and stability is also seen as an important causal factor in suicides in India.

The winds of change are blowing noticeably in the corridors of power. Saturday has become a full working day for the Prime Minister’s Office. So has Sunday for many senior officials. “Our five-day week has gone for a six but it’s good,” quipped a senior bureaucrat.

Off and on our media writes about how little our government works. There was this article in the Times of India about the fact that our elected representatives enjoy a 60-day working year, and this time it was about the Delhi Assembly. But the next thing we heard was that the Speaker of the House had issued a contempt notice to the newspaper for publishing the story. The newspaper has certainly not done anything wrong. This isn’t even ‘secret’ information got via the RTI (Right To Information Act) and nor is it a journalistic sting…but nevertheless the government has been stung! They hate it that these facts have been highlighted.

The rot after all starts at the top.

Indians are the one of the most hardworking people in the world.

"Suicide is a permanent solution to a temporary situation". It has thrown several challenges to bank unions to effectively coordinate, unite and demand sanity, transparency  in career progressions , transfers and above all firm UP     up our will & our resolve, resolutely to pursue 5day week which has  gone for a six under the present regime at the centre , tending towards a’ permanent solution’. 
  
“In Germany
 the Nazis First they came for the communists, and I did not speak out - because I was not a communist;
Then they came for the socialists, and I did not speak out - because I was not a socialist;
Then they came for the trade unionists, and I did not speak out - because I was not a trade unionist;
Then they came for the Jews, and I did not speak out - because I was not a Jew;
Then they came for me - and there was no one left to speak out for me”.
Martin Niemöller (1892-1984)
It was PNB employee Today
Tomorrow it can be  any on us .

The above quote  of Martin Niemöller,  sends a chilling message  to all  of  us that if we do not fight back these evil designs of arrogance and abuse of power , it will ride over our skulls and spines like a terrific tank

S.Srinivasan
President
NUBE
National Union Of Bank Employees’

Tuesday, July 1, 2014

DA For Bank Employees From August 14

WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS AND WORKMEN  FROM August 2014 to October,  2014 -By Rajesh Goyal (allbankingsolutions.com)

On the demands of our readers, we have been projecting  likely DA one month in advance based on the CPI details  received for previous two months.   We are only PREDICTING these based on trends.   However, we would like to CAUTION our readers that inflation, especially food inflation, has been fluctuating widely, and thus at this stage it is very difficult to predict the inflation rate for next month.

The exact increase for DA cannot be given at this stage as GOI has yet to announce the CPI for the month of June 2014.   However, based on the CPI already announced for the month of April 2014 and May 2014, we are doing this guess work.   The CPI announced and projected so far  are as follows:-

MonthCPI
April 20145523
May 20145570
June 20145592  (Projected)


Although, in the month of May 2014, the DA has decreased by 2.55%, yet now in August, 2014, there will be again increase and DA is likely to cross 100% barrier.   There has been sharp  increase in CPI in the month of April  and May 2014.    The trends of previous years indicate that in June, the inflation usually marginally increases.    Assuming that there will be again only marginal increase  in  CPI for June 2014,  the revised DA is likely to be around 102.15%, (increase of 32 slabs) for the months of August  2014 to October, 2014 (i.e. increase of  34 slabs).  

 [The present DA is  97.35% for the months of  May 2014 to July 2014]. 

The PROJECTED DA from August 2014 is as follows (All the projections are based on the existing Scales, which are to be revised after conclusion of 10th BPS]
Actual DA for Likely DA Likely Increase 
OfficersFrom May  2014From August  2014in DA Amt from Aug'14
StageScaleBasic Pay97.35%102.15%4.80%
1I,II,III1450014115.7514811.75696.00
2I,II,III1510014699.8515424.65724.80
3I,II,III1570015283.9516037.55753.60
4I,II,III1630015868.0516650.45782.40
5I,II,III1690016452.1517263.35811.20
6I,II,III1750017036.2517876.25840.00
7I,II,III1810017620.3518489.15868.80
8I,II,III1870018204.4519102.05897.60
9I,II,III1940018885.9019817.10931.20
10I,II,III2010019567.3520532.15964.80
11I,II,III2090020346.1521349.351003.20
12I,II,III2170021124.9522166.551041.60
13I,II,III2250021903.7522983.751080.00
14I,II,III2330022682.5523800.951118.40
15I,II,III2410023461.3524618.151156.80
16I,II,III2490024240.1525435.351195.20
17I,II,III2570025018.9526252.551233.60
18I,II,III2650025797.7527069.751272.00
19I,II,III2730026576.5527886.951310.40
20I,II,III2810027355.3528704.151348.80
21I,II,III2890028134.1529521.351387.20
22I,II,III2970028912.9530338.551425.60
23I,II,III3060029789.1031257.901468.80
24I,II,III3150030665.2532177.251512.00
25I,II,III3240031541.4033096.601555.20
26I,II,III3330032417.5534015.951598.40
27I,II,III3420033293.7034935.301641.60
28I,II,III3510034169.8535854.651684.80
1IV3060029789.1031257.901468.80
2IV3150030665.2532177.251512.00
3IV3240031541.4033096.601555.20
4IV3330032417.5534015.951598.40
5IV3420033293.7034935.301641.60
6IV3520034267.2035956.801689.60
7IV3620035240.7036978.301737.60
1V3620035240.7036978.301737.60
2V3720036214.2037999.801785.60
3V3820037187.7039021.301833.60
4V3930038258.5540144.951886.40
5V4040039329.4041268.601939.20
1VI4200040887.0042903.002016.00
2VI4320042055.2044128.802073.60
3VI4440043223.4045354.602131.20
4VI4560044391.6046580.402188.80
5VI4680045559.8047806.202246.40
1VII4680045559.8047806.202246.40
2VII4810046825.3549134.152308.80
3VII4940048090.9050462.102371.20
4VII5070049356.4551790.052433.60
5VII5200050622.0053118.002496.00



Actual DA for 
Likely DA 
Likely Increase 


Officers
Existing
From May  2014
From August  2014
in DA Amt from Aug'14
Stage
Scale
Basic Pay
97.35%
102.15%
4.80%






1
Clerk
7200
7009.20
7354.80
345.60
2
Clerk
7600
7398.60
7763.40
364.80
3
Clerk
8000
7788.00
8172.00
384.00
4
Clerk
8400
8177.40
8580.60
403.20
5
Clerk
8900
8664.15
9091.35
427.20
6
Clerk
9400
9150.90
9602.10
451.20
7
Clerk
9900
9637.65
10112.85
475.20
8
Clerk
10500
10221.75
10725.75
504.00
9
Clerk
11100
10805.85
11338.65
532.80
10
Clerk
11700
11389.95
11951.55
561.60
11
Clerk
12300
11974.05
12564.45
590.40
12
Clerk
13000
12655.50
13279.50
624.00
13
Clerk
13700
13336.95
13994.55
657.60
14
Clerk
14400
14018.40
14709.60
691.20
15
Clerk
15100
14699.85
15424.65
724.80
16
Clerk
15800
15381.30
16139.70
758.40
17
Clerk
16500
16062.75
16854.75
792.00
18
Clerk
17200
16744.20
17569.80
825.60
19
Clerk
18500
18009.75
18897.75
888.00
20
Clerk
19300
18788.55
19714.95
926.40
21
Clerk
20100
19567.35
20532.15
964.80
22
Clerk
20900
20346.15
21349.35
1003.20
23
Clerk
21700
21124.95
22166.55
1041.60
24
Clerk
22500
21903.75
22983.75
1080.00
25
Clerk
23300
22682.55
23800.95
1118.40
26
Clerk
24100
23461.35
24618.15
1156.80
27
Clerk
24900
24240.15
25435.35
1195.20
1
Sub-Staff
5850
5694.98
5975.78
280.80
2
Sub-Staff
6050
5889.68
6180.08
290.40
3
Sub-Staff
6250
6084.38
6384.38
300.00
4
Sub-Staff
6450
6279.08
6588.68
309.60
5
Sub-Staff
6650
6473.78
6792.98
319.20
6
Sub-Staff
6900
6717.15
7048.35
331.20
7
Sub-Staff
7150
6960.53
7303.73
343.20
8
Sub-Staff
7400
7203.90
7559.10
355.20
9
Sub-Staff
7650
7447.28
7814.48
367.20
10
Sub-Staff
7900
7690.65
8069.85
379.20
11
Sub-Staff
8200
7982.70
8376.30
393.60
12
Sub-Staff
8500
8274.75
8682.75
408.00
13
Sub-Staff
8800
8566.80
8989.20
422.40
14
Sub-Staff
9100
8858.85
9295.65
436.80
15
Sub-Staff
9450
9199.58
9653.18
453.60
16
Sub-Staff
9800
9540.30
10010.70
470.40
17
Sub-Staff
10150
9881.03
10368.23
487.20
18
Sub-Staff
10550
10270.43
10776.83
506.40
19
Sub-Staff
10950
10659.83
11185.43
525.60
20
Sub-Staff
11350
11049.23
11594.03
544.80
21
Sub-Staff
11750
11438.63
12002.63
564.00
22
Sub-Staff
12150
11828.03
12411.23
583.20
23
Sub-Staff
12550
12217.43
12819.83
602.40
24
Sub-Staff
12950
12606.83
13228.43
621.60
25
Sub-Staff
13350
12996.23
13637.03
640.80
26
Sub-Staff
13750
13385.63
14045.63
660.00
27
Sub-Staff
14150
13775.03
14454.23
679.20