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Wage Revision -May be this Century

by

Subba Rao

Can we expect our wage revision at least by the end of this Decade!!  or at least by end of this CENTURY  !!!???  I don't thing  it may happen with the present set of union leaders,  Who are more worried about their Directorship than any thing else.

When the  Central and state Governments are lavishly granting 30 % to 65 % jump in salaries we are fighting shamelessly for 17.5% which will work out to hardly 8% when implemented.  We are not even sure when we will be getting our new salaries. 
The Government simply gives orders for writing off the loans but when it comes to increasing of salaries of the bank employees which is long due IBA puts so many hurdles and talks of load factor and expenditure etc.

Today the job of an Nationalised bank officer is worst than a peon in a state govt job - pay-wise, responsibility-wise, living standard-wise etc. These are raw facts,  which the politicians and bureaucrats  many not agree since they breed on govt funds.  The bureaucrats salaries are increased multi-fold without  any agitation by them, so they do not know the sufferings of the bankers.

In fact I have asked many youngsters not to join the nationalised bank but to join any other organization,  be it  Central / State govt or any pvt org for that matter which are much better in working conditions.  The working conditions are deteriorating in the Banking sector.  The less said the better.