AllBankingSolutions.com

......our answer to all your banking needs

 

;

 

 WHAT SHOULD BE DONE NOW BY UFBU / IBA

by

K BALASUBRAMANIAN


Without standing on false prestige IBA can allow a starting salary of 15000 to officers as against the government class I   SCALE   of 15600.    A running  scale   15000-60000 with very decent increments to DGM and GM who are executives of the banks can be considered.  Let them have some respect in the society and let them be at least equal to the Secretary level and above .

PLEASE HELP THEM TO KEEP THE INSTITUTION S PRESTIGE.  SALARY LEVEL REFLECTS THE  INSTITUTION STATUS
 

In place of grade pay Rs. 5400, they can introduce the concept of variable pay on an experimental basis from prospective effect i.e.  from 01.04.2010.  By this the employees may stand to gain however small the amount may be over and above the present agreed increase and will narrow the lo………ng gap prevailing between government officers and bank officers    . This incentive if any can be given on adhoc   basis ie equal amount to all officers  or on scale wise so that juniors can derive some benefit.

Since majority of the officers are availing lease facility  IBA  CAN CONSIDER increasing HRA  to at least  20% which can be increased to government  employees level in next settlement. THIS SHOULD NOT BE INCLUDED
IN THE COST.  This also can be given from prospective date 01.04.2010 will give relief to self occupied properties of officers .

Clerical starting pay can be 50% of the starting scale of officers   and ending can be 40%. A running scale of
7500-24000   with least 23 stages so as to avoid frustration at the senior level and to give them relief from
stagnation increments for years together.  Substaff salary starting should be 90% of the clerical starting and ending 70%.  6750-16800 with at least 23 stages so as to avoid stagnation.

The above proposals are the minimum  need based wage revision  based on the parity theory and not on
earlier bipartite theory and rest of the things can be considered by appointing a committee and to bring parity at least in future . LET IBA CONSIDER ITSELF AS A PAY COMMISSION JUDGE AND LET IT DO JUSTICE WITHOUT CALLING FOR   NEGOTIATION  . FOR GIVING BETTER HIKE THAN   WHAT WE ARE EXPECTING NEGOTIATION IS NOT NECESSARY. ALL BANKMEN WHOLEHEARTEDLY THINK WELL OF IBA AND MINISTRY.POOR  BANK PENSIONERS ALLOW IMMEDIATE 100% DA RELIEF TO PRE 01.11.2002 PENSIONERS AS AGREED BY PARLIAMENTARY  COMMITTEE AND SAVE THEM FROM THE CLUTCHES OF INFLATION. PRE 01.11.2002 PENSIONERS ARE ALSO LIVING IN THIS WORLD ALONGWITH OTHER BANKMEN AND GOVERNMENT EMPLOYEES/PENSIONERS BUT WITH MUCH REDUCED PENSION. GIVE THEM SOME LIGHT BY ANNOUNCING 100% NEUTRALIZATION IMMEDIATELY.

FINALLY BY ALLOWING PENSION UPDATION ALSO ON PAR WITH GOVERNMENT EMPLOYEES IBA CAN COMPLETE ITS ROLE AND UNDO WHAT ARE THE INJUSTICES THAT IT HAS DONE TO BANKMEN SINCE INCEPTION. LET THE PRESENT TEAM  DO PARIHARAM FOR THE PAPAM COMMITTED BY VARIOUS ERSTWHILE EXECUTIVES VIABILITY OF THE PROPOSAL ALL THE STATE GOVERNMENTS AND
CENTRAL GOVERNMENT ARE IN SEVERE DEBT CONDITION ( courtesy dinamalar daily 25JAN 09)  WHERE AS BANKS ARE IN GREEN EVEN ABSORBING ALL THE GENUINE/POLITICAL WRITE OFF . IT IS STANDING LIKE A ROCK BECAUSE  OF THE DEDICATION OF ONE MILLION EMPLOYEES. SO REWARD THEM INSTEAD OF PUNISHING THEM   ALLOW THE INDUSTRY TO BE PROUD BY ALLOWING THE EMPLOYEES AND PENSIONERS   TO DRAW MORE SALARY AND MAKING THEM HAPPY .MAKE THEM BLESS AND DON’T ALLOW THEM TO CURSE.  FINALLY ONE LUMP SUM INCREMENT TO ALL FOR THEIR PATIENCE SINCE 01.11.2007 WHICH WILL FURTHER IMPROVE THEIR PAY PACKET .  DON’T WORRY THEY CAN NOT CATCH THE GOVERNMENT SALARY LEVEL .WHICH IS HAVING THE HIGHEST CAPACITY TO PAY BY INCREASING THE FISCAL/REVENUE DEFICIT.

 

Comments :  Do you feel the above comments are biased ?  If so, you can send your views alongwith the facts to counter the same so that bankers can have the real factual position. However, the comments should not be of any personal nature or against a group.

You can submit your comments on : allbankingsolutions@gmail.com

Disclaimer : The views expressed here are the personal views of our readers and www.allbankingsolutions.com may not subscribe to such views.  The contents or data has not been verified / re-checked.  In case, any abuse is noticed, the same may be brought to our notice at allbankingsolutions@gmail.com so that we can review the same.

 

 

visitors on myspace