Performance Linked Wage Structure

Danendra Jain

manager

Performance linked wage structure or incentive linked lauch of products in private banks may be beneficial and may prove moral booster for bank employees but in public sector banks where top ranked official has no inherent love for their organisation and no desire for real growth of bank but where top ranked officers are mostly interested in growth of personal wealth and power ,there is all possibilities that the scheme of incentive or performance linked wage structure may also be misued by corrupt officials and eventually such policies may prove detrimental to health of bank.In government sector all policies should be transparent and crystal clear and any policy related with staff should at least give no scope for discretion .

In bank, nothing is as such measurable by a uniform and judicious yardstick. Each branch has different environment and different business profile to be handled by completely different set of employees. Inadequate staff and sometimes incapable and unwilled staff jeopardize the growth of business and force customers to leave bank.

Controlling offices may give one Branch good, willed, skilled and talented staff and to another branch militant, unskilled and unwilled staff. Some branches are suffering from techno deficiencies or workload of unproductive businesses like pension payment, MANREGA payment, old age pension, salary payment to employees of different departments. Some branches have a lot of high profile and rich traders and some are blessed with several government offices and some are cursed with useless works.

http://dkjain4970901092007.blogspot.com/2012/01/incentive-in-public-sector-banks.html