job rotation

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JOB ROTATION BANKING SECTOR Human Resource Management

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Page 1: Job Rotation

JOB ROTATIONBANKING SECTOR

Human Resource Management

Page 2: Job Rotation

TEAM MEMBERS

• PUNIT KINARIWALA 21

• RAJKUMAR UPADHYAY 58

• PRIYANKA VISHWAKARMA 59

• SHRISTI TIWARI 57

Page 3: Job Rotation

INTRODUCTION

Job Rotation is:

Management Tool

Pre-planned Approach

Effective Process

Page 4: Job Rotation

OBJECTIVES OF JOB ROTATION

Reducing the monotony of the job

Succession Planning

Creating Right Employee – Job Fit

Exposing workers to all the verticals of the

Organization

Page 5: Job Rotation

BENEFITS OF JOB ROTATION

Helps the Manager to identify the hidden talent of the

employee

Helps the employee in identify his/her real Interest

Identify Knowledge, Skills & Attitudes

Motivates employee to deal with new challenges

Increases Employee Satisfaction & Decreases Attrition

rate

Page 6: Job Rotation

ORGANISATION SELECTED

Page 7: Job Rotation

AXIS BANK Chairman: Adarsh Kishore

Current MD & CEO: Shikha Sharma

Axis Bank was the first of the new private banks to have

begun operations in 1994

Registered Office: Ahmedabad

Bank has a wide network of more than 1281 branches

One of the largest ATM networks in the country having

over 7591 ATMs

Page 8: Job Rotation

AXIS BANK VISION: To be the preferred financial solutions provider

excelling in customer delivery through insight, empowered employees and smart use of technology

AWARDS:Most Productive Private Sector Bank Award - FIBAC

2011 Banking Awards Ranked 3rd Strongest Bank in Asia Pacific region by

Asian Banker

Page 9: Job Rotation

INDIAN OVERSEAS BANK

Chairman and Managing Director: Shri. Narendra Modi

Established: February 10th 1937 by Shri. M.Ct.M.

Chidambaram Chettyar

IOB was one of the 14 major banks that was nationalised

in 1969.

Total of over 700ATMs

Presently has a total of 1400 domestic branches and 6

overseas branches.

Page 10: Job Rotation

INDIAN OVERSEAS BANK

The symbolic representation of growth

and security and its punch line is

"GOOD PEOPLE TO GROW WITH".

Page 11: Job Rotation

FINDINGS & ANALYSIS

Page 12: Job Rotation

• .

PARAMETERS AXIS BANK INDIAN OVERSEAS BANK

What is Job Rotation?

-Assigning another job responsibility

-Change in work allocations

Rationale -Competencies-Non performance

-Opportunity of exposure & experience

Job Rotation – Cadre/ Designation

-All levels -Operator level-Junior & Senior Manager

Evaluate employee’s performance

- Accuracy of work- Staff management - Sales figures

-Accomplishment-Feedback

Page 13: Job Rotation

• .

PARAMETERS AXIS BANK INDIAN OVERSEAS BANK

Factors considered

-Performance -Educational background -Aptitude-Area of interest

If Job Rotation is ineffective?

-Low Grades - Counselling- Hamper promotion

Time span - Not pre-decided - As per the cadre

Benefits of Job Rotation

-Increase in performance of the department

-Learning-Prevent fraud cases

Page 14: Job Rotation

• .

PARAMETERS AXIS BANK INDIAN OVERSEAS BANK

Challenges - Fear of losing some good employees

-Resistance from employees-Time consuming

Direct / Indirect Cost

- Hike in pay scale(not always)

Operator level, Junior & Senior Manager

Suggestion -Before rotation, employee should be asked for their preference

Job rotation should be implemented in the right spirit

Page 15: Job Rotation

RECOMMENDATIONS Clear understanding of expectations

Connect the new employee with the existing

employee of the department

Offer incentives for job rotation

Conducting training programs for employees

Analyze the employee’s pre & post job

rotation performance and implement the

learning of the program.

.

Page 16: Job Rotation

JOB ROTATION CHECKLIST:

The following must occur for each job rotation set-up:

Jobs proposed to be rotated are _____________

Has an employee meeting been held to determine

interest and gain involvement and input?

Has each task involved in the proposed rotation been

reviewed with the physical job Analysis checklist to

determine precise requirements and has a Job Rotation

Worksheet been generated?

Page 17: Job Rotation

JOB ROTATION CHECKLIST:

Has common sense been used in evaluating job rotation

possibilities?

Have all employees involved in the rotation schedule

been trained to do all tasks?

Has flexibility and consideration been given for

individuals in the rotation schedule?

Page 18: Job Rotation

JOB ROTATION CHECKLIST:

Are there any employees who would have physical

difficulty in performing all the tasks? Can

accommodations be made for these individuals?

Have formal follow-up evaluations using Team members

and supervisors been conducted?

Are benefits or problems being tracked (increased or

decreased injury rates, turnover, employee satisfaction,

workers compensation costs, etc.)?

Page 19: Job Rotation

THANK YOU