Extension Of SBI Employees Based On Evaluation Marks: Performance, Attitude To Be ‘Evaluated’
The State Bank of India has now launched a set of evaluation metrics that will help the bank to decide whether the services of the bank’s officials can be extended or not.
Read on for all the details about the evaluation metrics and how and why an SBI employee can be fired.
SBI Bank Introduces Evaluation Metrics To Determine Service Extension
The bank has introduced these evaluation metrics so that the extension of services can be done with better effectiveness and objectivity. The bank announced this through a circular.
The first stage of this evaluation will be done after an employee completes 30 years of service or pensionable service or attains 55 years of age whichever occurs first for granting extension in service to 58 years of age.
The second stage of evaluation will be conducted after an employee attends 58 years of age for granting extension or continuation in the service up to 60 years of age. Additionally, the qualifying score will be set to a benchmark of 65 out of 100.
If any employee gets a score of less than 65 he will be referred to the review committee who will then recommend if he should be given an extension or short extension or no extension. They can also put up the authority who is competent to deny the extension.
If the employee gets a score of 65 or more, he will be considered for an extension in service by the authority who is competent to sanction the same.
Employees To Be Evaluated On Their Attitudes, Credentials, And More!
As per reports, the officer will also be evaluated for various other factors, such as attitude and credentials, compliance, and integrity. These would help detect if there has been any instance of submission of false compliance in internal audit/ statutory audit etc., and also, regulatory violations.
Employees will also be rated on their attitude towards their seniors, peers, subordinates, continued usefulness to the bank, social media violation, external influence for transfer, promotion, and customer service as well.
There are about 2.50 lakh employees working with the State Bank of India, which is the largest lender of the country.
SBI Officers unions have opposed this evaluation mechanism.