Over 800 employees of the erstwhile IDBI Bank, now a part of the Industrial Development Bank of India, have left the organisation in the recent past. If the number surprises you, consider this: ICICI Bank lost over 4,000 employees last year. | |
| Attrition (average industry rate is 25 per cent) is more than a way of life for the country's private and foreign banks, but the industry is meeting the challenge head on. Super-fast replenishment of stock is the most common way. |
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| ICICI Bank, on its part, has taken 13,500 freshers on board "" 4,000 replacements and an additional 9,500 to create a cushion against future attrition, and meet the demands of business growth. IDBI has already appointed over 900 people. |
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| To stem mass exodus, some banks have also started putting an "exposure limit" on the maximum number of employees they hire from another bank. |
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| For instance, the headquarters of a European bank has directed its Indian operations against hiring any more executives from a private sector bank from which it has already taken some people. |
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| "This is part of the HR prudential norms. If you have too many people from one organisation, you become vulnerable culturally," said an HR consultant. |
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| The consensus among banks is that the surest way of meeting the attrition problem is training, considering that the exit rate is the highest in junior management levels. |
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