HRM Policies in State

Bank of India

Tejash mayekar C29

Atharva upkare C60
Ketan unde C59
Rohit sonawane C55
Abhishek Kobal C23
 Table OF Content

Current HRM Analysis of Current

Introduction Policies HRM Policies

Areas for Improvement Suggested

Changes
Introduction
• State Bank of India (SBI) is that country's largest commercial bank
• Largest branch network, with more than 13,500 branch offices throughout India,
staffed by nearly 220,000 employees
• SBI is also present worldwide, with seven international subsidiaries in the United
States, Canada, Nepal, Bhutan, Nigeria, Mauritius, and the United Kingdom
• SBI has been forced to revamp its operations since competition was introduced into
the country's commercial banking system
• SBI also has taken advantage of the deregulation of the Indian banking sector to
enter the bancassurance, assets management, and securities brokering sector
The Current HRM Policies at SBI: Overview

Recruitment Performance Management

SBI has a wide range of recruitment policies The bank strongly emphasizes performance
and provides equal employment opportunities management by motivating and rewarding
to all citizens of India. employees for their excellent performance.

Employee Development Employee Benefits

SBI provides various employee development The bank provides various employee benefits
programs for the betterment of employees related to health, retirement, and life
and the organization. insurance.
Analysis of Current HRM Policies

Dated Tech Unmanageable Workload Burnout

Some outdated equipment The workload, pressure, and

hampers the quality of work. Employees of SBI are burdened target-oriented approach lead
with an overwhelming amount to employee burnout which
of work. affects work productivity.
Idenfitying Areas for Improvement
Employee Benefits Performance Employee
Management Development
The employee benefits
provided by SBI are not in line Performance management SBI should increase its
with those of other banks, strategies at SBI need to be investment in employee
making SBI less attractive to reevaluated and updated to development programs to
potential employees. improve employee morale and create a more diverse and
productivity. adaptable workforce.
Suggested Changes: Recruitment Policies

Modern Hiring Practices

SBI should consider modern hiring practices

to improve the quality of hires and speed up
the hiring process.

1 2 3

Flexible Work Environment Diversity & Inclusion

Allowing a flexible work environment will help SBI should prioritize diversity and inclusion
reduce employee burnout and employee policies like affirmative action or targeted
turnover, ultimately improving employee programs to reach underrepresented
productivity and job satisfaction. communities in hiring.
Suggested Changes: Performance Management
Policies

1 Regular Assessments 2 Continuous Feedback 3 Development Plans

Performance assessments Continuous feedback Every employee should have a

should be carried out between managers and development plan to follow that
regularly to identify and employees can help focuses on individual strengths
resolve issues quickly. improve performance and and long-term goals.
increase productivity.
Suggested Changes: Employee Development

1 Mentorship Programs

Implementing a mentorship program

Training & Development 2 assists newer employees in their
professional growth, encourages
Providing additional soft skill training,
teamwork, and can help develop future
along with technical training, can
leaders.
assist in creating well-rounded
employees and increases adaptability
3 Performance-based Promotions
to change.

Performance-based promotions can

SBI University 4 motivate employees, boost morale,
Create a dedicated online platform, "SBI
increase productivity, and help retain
University," where employees can access a
high-performing employees.
wide range of courses, webinars, and
resources for their professional
development.