Table of Contents
What is the attrition rate in HDFC Bank?
Our employee turnover rate was 26.15\% in FY 2019-20. We continue to strive to create and maintain an inclusive culture and work environment, where all our employees can be and do their best, irrespective of gender, caste, creed, colour, sexual orientation, religion etc.
Which bank has the highest attrition rate?
The lowest rate of attrition is in PNB and the highest by the ICICI Bank followed by AXIS bank as we can see in the Graph1. 1The attrition rate of employees working in Private Sector Banks are more in the recent time due to increased workload with moderate package of financial benefits.
What is a normal attrition rate?
According to the U.S. Bureau of Statistics, the average turnover rate in the U.S. is about 12\% to 15\% annually. According to LinkedIn, an average annual worldwide employee turnover rate is 10.9\%. However, some industries, such as retail and hospitality, have above the average turnover rates.
What is the attrition rate of Icici Bank?
The bank, which is facing nearly 20\% attrition in various segments, plans to recruit 20,000-30,000 students every year.
How can we save Attrition in BPO?
To help with this, here are eight helpful tips on how you can improve your attrition rate in a BPO setup.
- Streamline your recruitment and hiring process.
- Improve your training programs.
- Reward and recognize exceptional work.
- Focus performance monitoring efforts on customer satisfaction.
- Set up clear communication channels.
Why attrition is a problem?
When organizations are unable to identify individuals who will do their job well within their specific organization, attrition skyrockets. Low job satisfaction: Employee satisfaction is directly linked to attrition, both in the short-term (immediately after hire) and the long-term.
How do you stop attrition?
7 Tips to Control Employee Attrition
- Pay Competitive Benefits And Perks. The primary reason for an employee to work is to earn.
- Find The Reason.
- Recruit The Right Candidate.
- Offer Flexibility.
- Provide A Positive Workplace Environment.
- Improve Employee Engagement.
- Appreciate.
How good is HDFC Bank in terms of performance?
HDFC Bank repeatedly performs very well in terms of quarterly growth despite on a higher base now with more bigger balance sheets. If you perform well there are good chances that you can get big lumpsum bonuses after your appraisal. The biggest perk if you work in the long term is the loan benefits that you can get.
What are the different levels of leadership in HDFC Bank?
D1,D2, D3 – AVP, DVP, VP. These are the ringmasters ,pretending to be leaders. But their only job is herd management, Hardly any decision power, though at D3 levels sometimes you can be lucky enough to have a respectable job. Hi All, I will come straight to the point, having known HDFC bank well from within for years.
What is the job of a D3 level manager in HDFC Bank?
But their only job is herd management, Hardly any decision power, though at D3 levels sometimes you can be lucky enough to have a respectable job. Hi All, I will come straight to the point, having known HDFC bank well from within for years. E1, E2, E3, E2 – Asst Manager, Deputy Manager, Manager , Sr Manager.
Who is the working class in HDFC Bank?
These are the Working Class in HDFC bank , accounting 70 percent of population and getting less than 50 percent of the Budget ( Employee cost). This is the tax paying lower middle class and the real bread winners.