Professional Documents
Culture Documents
Submitted by -
Jasprit Saini
Shubhadeep Singha
Alisha Mohapatra
Tanmayananda Sahu
Prachi Nanda
BIMTECH Bhubaneswar
Abstract
This is a broad study of the various HR Practices in UCO Bank. It looks into the
practice of Recruitment, Training and Development, Performance Appraisals,
Compensation policies and Industrial Relation practices of the bank.
Keywords: Recruitment,
Training and Development,
Performance Appraisals,
Compensation,
Industrial Relations
Training & development policies for new & existing employees: Training &
development is important and is being imparted for all stages of employees career.
What are the contents? (Technical, managerial or both): Both
How they identify training needs? : Feedback from the employees and their
controllers.
Does the company measure training effectiveness? : Yes.
Evaluation of training & development (criteria) and how its utilized: Test,
feedback sheet on effectiveness of a program.
Compensation:
Benefits given by company (health, insurance etc.): LIC, Medi-claim insurance,
paid holidays etc.
Compensation strategy (paying at market rate / above / below): Paid at market
rate.
Issues related to compensation: Compensation package is decided at industry
level after negotiation between union and management.
How jobs are graded? (Levels & groups): Levels
Basis of increments, incentives. (Time, target, OCB): Timely increments,
voluntary benefits are given.
Performance appraisal:
At what interval it is done? : Annually
Who is the appraiser? : The Controller
Do they give feedbacks or not? How that feedback is used further? : Yes,
employees can see their appraisal report
Training for PMS is given or not? : The performance of all employees is
monitored by the Branch Manager and if required additional training is given.
Workforce diversity:
Diverse or not? (On various bases like demography): Very diverse.
Demographically, depending upon the social and educational background.
Policy regarding sexual harassment. (Whether there is committee for that or
not?) : Yes, Committee is there for policies regarding sexual harassments.
Industrial Relations:
Types of IR issues they have: Service conditions are well defined. Any violation
at any level is taken up at appropriate level between the managements and unions.
Does a harmonious relation exist? : Normally yes.
Quality council: Quality circle at all level exists.
Employee participation programs if any: Employees are encouraged.
Dispute handling mechanisms: Industrial meetings are held periodically.
Maternity benefit: Maternity leaves are allowed.
Minimum wages: Government regulations and rules are followed.
Company response to safety and health issues: Any accident while on duty is
taken care of fully.
Safety measures in company: N/A
References
Pattnaik, Netrananda (HRM Head). Circle Office, Bhubaneswar. UCO Bank.