We are publishing below some comparative charts on the eve of forthcoming negotiations between UFBU and IBA which are reported to be held on 12th August, 2013.   Union leaders are shy to discuss such charts as these tables expose the capabilities of such leaders to get an honourable settlement for the bankers.   These charts have not been prepared by me but are sent to us by one of readers (V Subramanian) who has time and again taken keen interest in putting the truthful facts before the bankers.   We give below two charts for perusal by bankers and for drawing their own conclusions :-

MONTHLY SALARY OF CENTRAL GOVERNMENT STAFF AND BANK STAFF

(OTHER THAN OFFICERS) AS ON 01-08-2013 – A COMPARISON

    Note:

1.   As regards Education Allowance, Staff Welfare/Maintenance Expenses and Newspaper subscription paid to bank staff, the average prevailing at the industry level has been taken into account, to have a fair and reasonable comparison.

2.   In some banks, cost of 15 litres of petrol is reimbursed as ‘Conveyance Allowance’ to award staff, besides the above.  At the present prices, this will be Rs.1,100 extra.

3.   If we compare the limited working hours a day and 5 day week for the central government staff, bank staff  need to be paid additional amount of compensation for the extra hours worked (15% more than the central government staff).

4.   The volume and varieties of work handled by a bank staff are beyond comparison.

5.   If someone moots the topic of concessional loans for bank staff, ask them to consider these points so far as the bank employees are concerned:

(a)  There is no tax liability on the perquisites paid to the government staff.

(b) Number of transfers of a government staff is far less compared to his counterpart in a bank. 

(c)  If the amount of risks and responsibilities is any criterion, the bank employees (other than officers) must be paid not less than 150% of the salaries paid to the central government staff.

(d) Central government staff enjoy stagnation-free running scale, throughout their career.

(e)  Whenever the pay scales of central government staff are revised, their pension also undergoes automatic revision, for all types of pensioners.

6.     If we look at the statistics given above, clerical staff working in banks are the worst affected.

7.     In fact, a clerk in Central Government service earns a monthly salary of Rs.33,920, whereas the monthly salary of JMGS I officers in a bank is Rs.32,471 (both at the beginning of the scale).  This is the mother of all injustice.

MONTHLY SALARY OF CENTRAL GOVERNMENT OFFICERS AND BANK OFFICERS AS ON 01-08-2013 –

A COMPARISON

Note:

1.     As regards Education Allowance, Monthly Conveyance, Staff Welfare and Staff Entertainment Expenses, the average prevailing at the industry level has been taken into account, to have a fair and reasonable comparison.

2.     If we compare the limited working hours a day and 5 day week for the central government officers, bank officers need to be paid additional amount of compensation for the extra hours worked (33% to 40% more than the central government officers).

3.     The volume and varieties of work handled by a bank officer are just beyond comparison.

4.     If someone moots the topic of concessional loans for bank staff, ask them to consider these points so far as the bank officers are concerned:

(a)   There are no tax in the perquisites paid to the government staff.

(b)   Number of transfers of a government officer is far less compared to his counterpart in a bank.  Moreover, the geographical region for the purpose of bank officers’ transfer is very wide and far away from his linguistic region too.

(c)   If the amount of risks and responsibilities is any criterion, the bank officers must be paid not less than 200% of the salaries paid to the central government officers.

(d)   Last but not the least, the respect with which a bank officer is treated today is any yardstick, no amount of money can compensate this injustice.