A Study on HR Policies & Practies at SIB LTD

Embed Size (px)

Citation preview

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    1/40

    HR POLICIES & PRACTICES

    CH.NO TABLE OF CONTENTS PAGE NO

    LIST OF TABLES

    LIST OF FIGURES

    CHAPTER

    1 INTRODUCTION1.1 INTRODUCTION AND IMPORTANCE

    1.2 HUMAN RESOURCES DEVELOPMENT

    1.3 MODERN CONCEPT OF HUMAN RESOURCES

    1.4HR POLICIES AND PROCEDURES

    2 REVIEW OF LITERATURE2.1 CONCEPT AND THEORY

    2.2 INDUSTRY PROFILE

    2.3 COMPANY PROFILE

    3 RESEARCH METHODOLOGY AND DESIGN3.1 STATEMENT OF THE PROBLEM

    3.2 NEED FOR STUDY

    3.3 OBJECTIVES OF STUDY3.4 ANALYTICAL TOOLS

    3.5 SCOPE OF STUDY

    3.6 LIMITATIONS

    4 DATA ANALYSIS AND INTERPRETATION4.1 PERSONAL DATA

    4.2 AWARENESS

    5 SUMMARY OF FINDINGS AND SUGGESTIONS

    5.1 FINDINGS 5.2 SUGGESTIONS

    5.3 CONCLUSION

    BIBLIOGRAPHY

    APPENDIX

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    2/40

    HR POLICIES & PRACTICES

    1.1 INTRODUCTION

    Th !"# "$ H%&'( R)"%!*) +) *h'(,+(, ') $')- ') -*h("#", '(/ -h ,#"0'# &'!-#'*.

    H+)-"!+*'## -h HR D'!-&(- ') +/ ') '/&+(+)-!'-+"( - !)"('# $+#) '(/ "-h!

    !*"!/) &'(',/ -h h+!+(, !"*)) '(/ !"+// "-h! '/&+(+)-!'-+ )%"!- -" -h0%)+()). Th") -+&) h' *h'(,/.

    Th ")+-+ !)%#- "$ -h) *h'(,) +) -h'- HR !"$))+"('#) h' -h ""!-%(+- -" #' '

    &"! )-!'-,+* !"# +( -h 0%)+()). Th *h'##(, $"! HR &'(',!) +) -" % -" /'- +-h

    -h #'-)- HR +(("'-+"()-*h("#",+*'# #,'# '(/ "-h!+).

    Th+) )*+'# !"!- +## /+)*%)) -h 0)- !'*-+*) +( HR &'(',&(- $"! 2717+( "-h!

    "!/) h" HR &'(',!) *'( '(-+*+'- '(/ '//!)) )"& "$ -h &")- *h'##(,+(, HR +))%)

    -h+) '!. Th+) !"!- +## ,+ "% -h +($"!&'-+"( "% (/ -" (" '0"%- -h) *%!!(- HR

    *h'##(,) '(/ h" -" &")- $$*-+# &'(', -h& +( "%! "!#'*.

    Hum! "#$%u"$+) '( +(*!')+(,# 0!"'/(+(, -!& +-h h+*h '( "!,'(+8'-+"( "! "-h!

    h%&'( ))-& /)*!+0) -h *"&0+('-+"( "$ -!'/+-+"('## '/&+(+)-!'-+ !)"((# $%(*-+"()

    +-h '*9%+)+-+"( '(/ '#+*'-+"( "$ )+##) ("#/, '(/ :!+(* E" R#'-+"()

    '(/ !)"%!* #'((+(, '- '!+"%) ##). Th $+#/ /!') %"( *"(*-) /#"/ +(

    I(/%)-!+'#;O!,'(+8'-+"('# P)*h"#", '(/ S)-& Th"!. H%&'( !)"%!*) h') '- #')- -"

    !#'-/ +(-!!-'-+"() /(/+(, "( *"(-:-. Th "!+,+('# %)', /!+) $!"& "#+-+*'#

    *"("& '(/ *"("&+*) h! +- ') -!'/+-+"('## *'##/ #'0"! "( "$ $"%! $'*-"!) "$

    !"/%*-+"('#-h"%,h -h+) !)*-+ +) *h'(,+(, ') ' $%(*-+"( "$ ( '(/ "(,"+(, !)'!*h

    +(-" &"! )-!'-,+* '!"'*h) '- ('-+"('# ##). Th+) $+!)- %)', +) %)/ &"! +( -!&) "$

    *-+ "$ h%&'( !)"%!*)= /#"&(- ?-h

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    3/40

    HR POLICIES & PRACTICES

    H%&'( !)"%!* &'(',&(-=) "0>*-+ "( -h "-h! h'(/ +) -" &':+&+8 -h !-%!( "(

    +()-&(- $!"& -h "!,'(+8'-+"(=) h%&'( *'+-'# '(/ &+(+&+8 $+('(*+'# !+). I- +) -h

    !)"()+0+#+- "$ h%&'( !)"%!* &'(',!) +( ' *"!"!'- *"(-:- -" *"(/%*- -h) '*-++-+)

    +( '( $$*-+ #,'# $'+! '(/ *"()+)-(- &'((!.

    H%&'( !)"%!* &'(',&(- )!) -h) $%(*-+"()

    1. R*!%+-&(- S#*-+"(

    2. T!'+(+(, '(/ D#"&(-

    3. P!$"!&'(* E'#%'-+"( '(/ M'(',&(-

    4. P!"&"-+"()

    5. R/%(/'(*6. I(/%)-!+'# '(/ E" R#'-+"()

    . R*"!/ +(, "$ '## !)"('# /'-'.

    . C"&()'-+"( ()+"() 0"(%)) -* +( #+'+)"( +-h P'!"##

    . C"($+/(-+'# '/+* -" +(-!('# =*%)-"&!)= +( !#'-+"( -" !"0#&) '- "!

    17. C'!! /#"&(-

    M"/!( '('#)+) &h')+8) -h'- h%&'( 0+(,) '! ("- *"&&"/+-+) "! !)"%!*) 0%- '!

    *!'-+ '(/ )"*+'# 0+(,) +( ' !"/%*-+ (-!!+).

    1.4 HR POLICIES AND PROCEDURES

    Th+) $'*-)h- ,+) +(-!"/%*-"! ,%+/'(*. I-

    H+,h#+,h-) -h &'+( "#+*+) '(/ !"*/%!) -h'- "!,'(+8'-+"() (/ -" *"()+/!

    L"") '- $"!&'--+(, ' "#+* '(/ )"%!*) "$ +($"!&'-+"(

    I(-!"/%*+(, HR "#+*+) '(/ !"*/%!) ,+) "!,'(+8'-+"() -h ""!-%(+- -" "$$! ' $'+! '(/

    *"()+)-(- '!"'*h -" &'(',+(, -h+! )-'$$. F"! &"! "( h HR "#+*+) '! +(-!"/%*/ )

    "%! $'*-)h-HR "#+*+) '(/ !"*/%!) h +(-!"/%* -h&?

    http://en.wikipedia.org/wiki/Human_resource_managementhttp://en.wikipedia.org/wiki/Good_(economics_and_accounting)http://en.wikipedia.org/wiki/Human_resource_managementhttp://en.wikipedia.org/wiki/Good_(economics_and_accounting)
  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    4/40

    HR POLICIES & PRACTICES

    Th P"#+* "! P!'*-+* '!') -h") '! *!%*+'# -" $$*-+ "# &'(',&(- '(/

    /#"&(-

    1. R#&"u'(m#!( !) $#*#&('%!

    R*!%+-&(- "#+*

    E"&(- *'-,"!

    S:%'# h'!'))&(- "#+*

    P!"0'-+"( "#+*

    E9%'# "&(- ""!-%(+- "#+*

    2. T"'!'!+ !) )#,#*%-m#!(

    3. C%m-#!$('%! !) #!#/'($

    W"!+(, -+& "#+*

    V'*'-+"( "#+*

    H"#+/' "#+*

    S+* #' "#+*

    O!-+& "#+*

    L' "#+*

    B!'&(- #' "#+*

    A/"-+"( #' "#+*

    P'-!(+- L' "#+*

    M'-!(+- #' "#+*

    L"'( "#+*

    4. Em-*%0## "#*('%!$C"&&%(+*'-+"( "#+*

    P!"0#& !)"#%-+"( "#+*P!)"('# ''!'(* "#+*

    C"($#+*-) "$ +(-!)- "#+*

    5. H#*( !) $/#(0E&'+# "#+*

    I(-!(- %) "#+*

    C## h"( "#+*

    G!+'(* "#+*

    H'#-h '(/ )'$- "#+*S&"+(, "#+*

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    5/40

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    6/40

    HR POLICIES & PRACTICES

    I!)u&('%!

    D)+,(+(, '( '!"!+'- '(/ *")-$$*-+ +(/%*-+"( !",!'&& +) ' *": -'). Th

    !",!'&& h') -" $+(/ ' 0'#'(* 0-( !"+/+(, '## -h +($"!&'-+"( ( ") (/

    +-h"%- "!h#&+(, "! /+!-+(, -h& $!"& +(-,!'-+(, +(-" -h -'&.

    Th #(,-h '(/ ('-%! "$ -h +(/%*-+"( !"*)) +## /(/ "( -h *":+- "$ -h >"0 '(/

    -h 0'*,!"%(/ "$ -h ( ".

    E#&(-) "$ '( +(/%*-+"( "#+*

    O!,'(+8'-+"( I($"!&'-+"( B'*,!"%(/ '(/ S-!%*-%! D'!-&(-) P!"/%*-) '(/

    S!+*) Ph)+*'# L'"%-

    T!&) '(/ C"(/+-+"() H"%!) O$ W"! H"#+/') T!'# P"#+*

    F+('(*+'# P' B"(%)) O!-+& P()+"()

    C%#-%! '(/ V'#%) C"&&%(+*'-+"(

    R%#) '(/ P!"*/%!) D'-' P!"-*-+"( E&'+# A(/ I(-!(- U)', E9%'#

    O"!-%(+-+) U) O$ M"0+# Ph"()

    H'#-h '(/ S'$- F+!)- A+/ S&"+(, E(+!"(&(-'# A)*-)

    T!'+(+(,

    T!'/ U(+"()

    W#$'! B($+-) '(/ F'*+#+-+) A#*"h"# '(/ D!%,) E" A))+)-'(*

    P!",!'&&).

    O!,'(+8'-+"() &' $+(/ +- %)$%# -" h' *h*#+)-) -h'- *"! -h !"&(- !+"/ -h

    $+!)- /' -h $+!)- -h $+!)- &"(-h '(/ -h (/ "$ -h !"0'-+"('! !+"/ ?+$ '#+*'0#@

    -" &' )%! !-h+(, h') 0( :#'+(/.

    Th!=) &"! +($"!&'-+"( "( -h 0)+- +' "%! I(/%*-+"( )%0>*- ',.

    Du"'!+ #m-*%0m#!(

    E" !#'-+"() #"" '- -h '!-(!)h+ 0-( " '(/ "! *"!+(, '!')

    )%*h ') *"&&%(+*'-+"( ,!+'(*) '(/ /+)*+#+(. I- +) 9%'## +&"!-'(- +( 0"-h %(+"( '(/

    ("(%(+"( )+-%'-+"(). Wh+# "&(- #' +) *#")# #+(/ +-h &'(',+(, "

    !#'-+"() ' )%**))$%# "!,'(+8'-+"( "(=- >%)- 0') +-) '*-+"() "( *"+'(* +-h -h #'

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    7/40

    HR POLICIES & PRACTICES

    :#"!+(, -h *"(*- "$ -h )*h"#",+*'# *"(-!'*- 0')/ "( -!%)- 0-( " '(/

    "! &' '#)" 0 %)$%#.

    P"#+*+) '(/ !"*/%!) -h'- "!,'(+8'-+"() &' +(-!"/%* +(*#%/

    H'#-h A(/ S'$-

    D+)*+#+('! A(/ G!+'(*

    M'-!(+- A(/ P'-!(+- L' A(/ P'

    R/%(/'(*

    A0)(*

    Wh+)-# B#"+(,

    P!$"!&'(* M'(',&(-

    R*",(+-+"( A,!&(-) ?U(+"( A(/ O-h!@

    T+& O$$ A(/ L' F"! T!'/ U(+"( A*-++-+) H"#+/') S*"(/&(-

    V"#%(-!+(, E#/!*'! Ch+#/*'! B!'&(-

    C"&&%(+*'-+"( A(/ I("#&(- I(*#%/+(, E" V"+*

    H'!'))&(- '(/ B%##+(,.

    Th!=) &"! +($"!&'-+"( "( &'( "$ -h) +))%) "( -h 0)+- +' "%! HR !'*-+* H'#-h)'$- '(/ ##0+(, '(/ E"&(- #' )%0>*- ',).

    M!+'!+ )',#"$'(0

    D+!)+- !%() -h!"%,h '## ')*-) "$ '( "!,'(+8'-+"() "#+*+). M'(',+(, '(/ '#%+(,

    /+!)+- +) *(-!'# -" ,""/ "# &'(',&(- '(/ &') ,""/ 0%)+()) )() )" +- '#)"

    &') )() $"! /+!)+- -" 0 +(-,!'# +-h+( '## "#+*+). A /+!)+- "#+* )-) "%- -h

    "!,'(+)'-+"(=) +)+"( '(/ '#%) +( !#'-+"( -" /+!)+-. I- +## "$-( +(*#%/ -h !&+- "$

    "#+*) -h !"*))) $"! -'+(, '*-+"( h" +) !)"()+0# '(/ -h -!'+(+(, ''+#'0#.

    Th 0')+* !&+) +) -h'- "# )h"%#/ 0 '#%/ ') +(/++/%'#) '(/ $"! !')"() !#'-/ -"

    0%)+()) +(-!)-) ') ## ') $"! &"!'# '(/ )"*+'# !')"(). A &"! /+!) "!$"!* +) #+#

    -" "$$! ' +/! !'(, "$ )+##) '(/ :!+(*) '(/ ,!'-! $#:+0+#+- -" &- 0%)+())

    *h'##(,).

    E#&(-) "$ ' /+!)+- "#+*

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    8/40

    HR POLICIES & PRACTICES

    1. G(/!;S: E9%'#+-

    2. R'* E9%'#+-

    3. S:%'# O!+(-'-+"(

    4. R#+,+"(

    5. A,

    6. A'!'(*;A**(-

    . F"!&'-) A(/ A**))+0+#+- O$ P"#+*+) A(/ P!"*/%!).

    L#"!'!+ ("'!'!+ !) )#,#*%-m#!(

    R"#) '(/ !)"()+0+#+-+) '! *"()-'(-# *h'(,+(, )" ") +## (/ -" *"(-+(%'##

    !( '(/ !$!)h -h+! )+##) '(/ *"&-(*) -h!"%,h -!'+(+(,. Th+) *'( h'( +( -h*"%!) "$ ("!&'# "!+(, ?"(-h>"0 -!'+(+(,@ "! '' $!"& -h "!#'* ?"$$-h>"0

    -!'+(+(,@.

    S"& -!'+(+(, +) &'(/'-"! -" *" +-h #,'# !9%+!&(-) )%*h ') h'#-h '(/ )'$- "!

    $+('(*.

    E#&(-) "$ ' #'!(+(, '(/ /#"&(- "#+*

    Th O!,'(+8'-+"() V+)+"( F"! L'!(+(, A(/ D#"&(-

    O"!-%(+-+) A'+#'0# I(*#%/+(, S*"(/&(- C'!! B!') C"%!)) C"'*h+(,

    M(-"!+(,

    S%"!- G+( F"! L'!(+(, O"!-%(+-+)

    R*"!/+(, A(/ A/&+(+)-!'-+"(

    C"(-+(%+(, P!"$))+"('# D#"&(- A(/ P!)"('# D#"&(- A##"'(*) ?I$

    Th) A! N"- P'!- O$ Th E" B($+-) S-'-&(-@

    F"##"U A*-+"() A(/ T!'()$! O$ L'!(+(, T" W"!.

    C%m-*#m#!("0 -%*'&'#$

    O-h! "#+*+) -h'- "!,'(+8'-+"() &' '(- -" *"()+/! +( !#'-+"( -" "&(- +(*#%/

    1@ A M+))+"( O! V'#%) S-'-&(-

    2@ P'!(-'# L'

    3@ W"!L+$ B'#'(*;F'&+#F!+(/# W"! P!'*-+*)

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    9/40

    HR POLICIES & PRACTICES

    4@ D+)'0+#+-

    5@ R#"*'-+"(

    E!)'!+ #m-*%0m#!(

    Th! '! &'( !')"() h "&(- *')) $!"& "#%(-'! !)+,('-+"( -" /+)&+))'# "!

    !/%(/'(*.

    A!') -" *"()+/! $"! (/+(, "&(- +(*#%/

    1. D+)&+))'#

    2. R/%(/'(*

    3. V"#%(-'! R)+,('-+"(

    4. R-+!&(- R-+!&(- A, P!R-+!&(- C"%!)) Ph')/ R-+!&(- O-+"()

    5. E(/ O$ A Sh"!-T!& C"(-!'*-

    6. E(/ O$ A P!"0'-+"('! P!+"/

    . D'-h I( S!+*.

    E:+- )%!) *'( !*"!/ +($"!&'-+"( '0"%- h ") )' -h '! #'+(,. B%- -h /'-'

    +) ("- '#') !#+'0#. A("-h! ' -" /+)*"! -h !')"() h +) -h!"%,h "+(+"( )%!)

    /%!+(, "&(-.

    F%"m(('!+ -%*'&0

    P"#+*+) )h"%#/ 0 !+--( +( #'+( E(,#+)h )" -h'- -h '! %)!$!+(/# '(/ ')+#

    %(/!)-""/ 0 '## ").

    Th *%#-%! "$ -h "!,'(+8'-+"( '(/ -h *":+- "$ -h "#+*+) +## /+*-'- -h $"!&'-.

    O-+"() +(*#%/

    S'!'- M'(',! A(/ E" M'(%'#)

    A## P"#+*+) A'+#'0# O( A( I(-!'(-

    P"#+*+) "( N"-+* B"'!/).

    P"#+*+) )h"%#/ '#)" +(/+*'- h" -" ," -" +-h 9%!+) '0"%- -h *"(-(- '(/ h" +)

    !)"()+0# $"! %/'-+(, '(/ !++(, -h&.

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    10/40

    HR POLICIES & PRACTICES

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    11/40

    HR POLICIES & PRACTICES

    2. Review of literature

    2.1 CONCEPT AND THEORY

    Hum! R#$%u" P"&('$ !) (#'" Im-&( %! Em-*%0## P"%)u&(','(0

    A P#"-(u* A!*0$'$ %/ P"',(# Pu*'& !) F%"#'+! B! Em-*%0##$ '! I!)'

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    12/40

    HR POLICIES & PRACTICES

    S' N. 6#"

    A$("&(

    O! !*(- '!) -h! h') 0( '( +(*!')+(, +(-!)- +( -h $+#/ "$ h%&'( !)"%!*&'(',&(-. C%!!(-# -h #+-!'-%! (*"%!',) -h *"()+/!'-+"( "$ h%&'( !)"%!*) ')

    )-!'-,+* $'*-"!) ("- "(# 0*'%) -h #' +&"!-'(- !"# +( )-!'-, +&(-'-+"( '#)"

    0*'%) -h '! 0,+((+(, -" 0 !*"(/ ') )"%!*) "$ )%)-'+('0# *"&-+-+ '/'(-',.

    R#'-+"()h+) 0-( h%&'( !)"%!* &'(',&(- '(/ !"/%*-++- h' 0( )-%/+/

    $!"& /+$$!(- !)*-+). Th+) )-%/ +) '( '--&- -" +()-+,'- -h :-(- -" h+*h

    C"&&!*+'# B'() "$ I(/+' /+$$! "( ')*-) "$ h%&'( !)"%!* &'(',&(- !'*-+*) '(/

    -h H%&'( R)"%!* P!'*-+*) *"(-!+0%-+(, -" " !"/%*-++- $!"& ' )' "$14 !)"(/(-) $!"& -h! *"&&!*+'# 0'() "$ I(/+' ?"( $"!+,( )*-"! "( !+'- )*-"!

    '(/ "( %0#+* )*-"! 0'(@.

    Hum! R#$%u" M!+#m#!( P"&('$ !) I($ Ou(&%m#$ I! I!)'! Pu*'& S#&(%"

    B!$

    DR. P. T. SRINIVASAN

    A$("&(

    Th %!") "$ -h+) )-%/ +) -" $+(/ "%- -h H%&'( R)"%!* M'(',&(- P!'*-+*) ?HRMP@

    '(/ +-) "%-*"&) +8. >"0 )'-+)$'*-+"( '(/ "!,'(+8'-+"('# *"&&+-&(- +( I(/+'( %0#+* )*-"!

    0'(). HRMP h' 0( )-%/+/ :-()+# '&"(, &'(%$'*-%!+(, )!+* '(/ )&'##

    &/+%& (-!!+)). H"! "(# ' $ )-%/+) h' '//!))/ -h 0'(+(, +(/%)-!.

    S%!!+)+(,# -h !)'!*h )-%/+) "$ -h+) ('-%! h' !'!# 0( *"(/%*-/ -" ')))) HRMP

    '(/ +-) "%-*"&) +( 0'(+(, (+!"(&(-. Th!"%,h -h )%! &-h"/ 0 -h %) "$ '

    )-!%*-%!/ 9%)-+"(('+! /)+,(/ -" -)- ") !*-+"() -h /'-' ! *"##*-/.

    Th! %0#+* )*-"! 0'() +( I(/+' :-(// *""!'-+"( $"! -h+) )-%/ I- ') -'!,-/ -" #+*+-

    677 !)"()) $!"& -h I(/+'( P%0#+* S*-"! B'() ") 277 $!"& '*h "$ -h 0'().

    C"($+!&'-"! $'*-"! '('#)+) C!"(0'*h '#h' S-+) M%#-+# R,!))+"( '(/ S-!%*-%!'#

    9%'-+"( &"/# ?P'-h '('#)+)@ ! %)/ $"! '!+"%) '('#)) "$ -h+) )-%/. HRMP '!

    )+,(+$+*'(- !/+*-"!) "$ J"0 S'-+)$'*-+"( '(/ O!,'(+8'-+"('# C"&&+-&(- J"0 S'-+)$'*-+"(

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    13/40

    HR POLICIES & PRACTICES

    /+&()+"() '#)" )+,(+$+*'(-# !/+*- O!,'(+8'-+"('# C"&&+-&(- HRMP #'/ -" J"0

    S'-+)$'*-+"( '(/ O!,'(+8'-+"('# C"&&+-&(-

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    14/40

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    15/40

    HR POLICIES & PRACTICES

    &")- )-!++(, +) +-) :-()+ !'*h. I- +) (" #"(,! *"($+(/ -" "(# &-!""#+-'() "!

    *")&""#+-'() +( I(/+'. I( $'*- I(/+'( 0'(+(, ))-& h') !'*h/ ( -" -h !&"- *"!(!)

    "$ -h *"%(-!. Th+) +) "( "$ -h &'+( !')"() "$ I(/+'=) ,!"-h !"*)). Th ,"!(&(-=)

    !,%#'! "#+* $"! I(/+'( 0'( )+(* 16 h') '+/ !+*h /++/(/) +-h -h ('-+"('#+8'-+"( "$

    14 &'>"! !+'- 0'() "$ I(/+'. N"- #"(, '," '( '**"%(- h"#/! h'/ -" '+- $"! h"%!) '- -h

    0'( *"%(-!) $"! ,--+(, ' /!'$- "! $"! +-h/!'+(, h+) "( &"(. T"/' h h') ' *h"+*.

    G"( '! /') h( -h &")- $$+*+(- 0'( -!'()$!!/ &"( $!"& "( 0!'(*h -" "-h! +(

    -" /'). N" +- +) )+ ') +()-'(- &))',+(, "! /+'#) ' +88'. M"( h') 0*"& -h "!/!

    "$ -h /'. Th $+!)- 0'( +( I(/+' -h"%,h *"()!'-+ ') )-'0#+)h/ +( 16. F!"& 16

    -+## -"/' -h >"%!( "$ I(/+'( B'(+(, S)-& *'( 0 ),!,'-/ +(-" -h! /+)-+(*- h')).

    Th '! ') &(-+"(/ 0#"

    E'!# h') $!"& 16 -" 16 "$ I(/+'( B'()

    N'-+"('#+8'-+"( "$ I(/+'( B'() '(/ % -" 11 !+"! -" I(/+'( 0'(+(, )*-"!

    R$"!&)

    N h') "$ I(/+'( B'(+(, S)-& +-h -h '/(- "$ I(/+'( F+('(*+'#

    B'(+(, S*-"! R$"!&) '$-! 11.

    2.2.1 H'$(%"0 %/ B!$

    B'(+(, +( I(/+' "!+,+('-/ +( -h #')- /*'/) "$ -h 1-h *(-%!. Th $+!)- 0'() ! Th

    G(!'# B'( "$ I(/+' h+*h )-'!-/ +( 16 '(/ -h B'( "$ H+(/%)-'( 0"-h "$ h+*h '!

    (" /$%(*-. Th "#/)- 0'( +( :+)-(* +( I(/+' +) -h S-'- B'( "$ I(/+' h+*h

    "!+,+('-/ +( -h B'( "$ C'#*%--' +( J%( 176 h+*h '#&")- +&&/+'-# 0*'& -h B'(

    "$ B(,'#. Th+) ') "( "$ -h -h! !)+/(* 0'() -h "-h! -" 0+(, -h B'( "$

    B"&0' '(/ -h B'( "$ M'/!') '## -h! "$ h+*h ! )-'0#+)h/ %(/! *h'!-!) $!"& -h

    B!+-+)h E')- I(/+' C"&'(. F"! &'( '!) -h P!)+/(* 0'() '*-/ ') 9%')+*(-!'#

    0'() ') /+/ -h+! )%**))"!). Th -h! 0'() &!,/ +( 125 -" $"!& -hI&!+'# B'( "$

    I(/+' h+*h %"( I(/+'=) +(/(/(* 0*'& -h S-'- B'( "$ I(/+'.

    I(/+'( &!*h'(-) +( C'#*%--' )-'0#+)h/ -h U(+"( B'( +( 13 0%- +- $'+#/ +( 14 ') '

    *"()9%(* "$ -h *"("&+* *!+)+) "$ 144. Th A##'h'0'/ B'( )-'0#+)h/ +( 165 '(/

    )-+## $%(*-+"(+(, -"/' +) -h "#/)- J"+(- S-"* 0'( +( I(/+'. I- ') ("- -h $+!)- -h"%,h. Th'-

    h"("! 0#"(,) -" -h B'( "$ U! I(/+' h+*h ') )-'0#+)h/ +( 163 '(/ h+*h

    )%!+/ %(-+# 113 h( +- $'+#/ +-h )"& "$ +-) '))-) '(/ #+'0+#+-+) 0+(, -!'()$!!/ -"

    -h A##+'(* B'( "$ S+'.

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    16/40

    HR POLICIES & PRACTICES

    2.2.7 T0-#$ %/ B!$

    C#!("* B! %" R#$#",# B! %/ I!)'Th *(-!'# 0'( "$ -h *"%(-! +) -h R)! B'( "$ I(/+' ?RBI@. I- ') )-'0#+)h/ +(

    A!+# 135 +-h ' )h'! *'+-'# "$ R). 5 *"!) "( -h 0')+) "$ -h !*"&&(/'-+"() "$ -h

    H+#-"( Y"%(, C"&&+))+"(. Th )h'! *'+-'# ') /++// +(-" )h'!) "$ R). 177 '*h $%##

    '+/ h+*h ') (-+!# "(/ 0 !+'- )h'!h"#/!) +( -h 0,+((+(,. Th G"!(&(-

    h#/ )h'!) "$ ("&+('# '#% "$ R). 2 27777. R)! B'( "$ I(/+' ') ('-+"('#+8/ +( -h

    '! 14. Th ,(!'# )%!+(-(/(* '(/ /+!*-+"( "$ -h B'( +) (-!%)-/ -" C(-!'#

    B"'!/ "$ D+!*-"!) "$ 27 &&0!) -h G"!("! '(/ $"%! D%- G"!("!) "(

    G"!(&(- "$$+*+'# $!"& -h M+(+)-! "$ F+('(* -( ("&+('-/ D+!*-"!) 0 -h

    G"!(&(- -" ,+ !!)(-'-+"( -" +&"!-'(- #&(-) +( -h *"("&+* #+$ "$ -h *"%(-!'(/ $"%! ("&+('-/ D+!*-"!) 0 -h C(-!'# G"!(&(- -" !!)(- -h $"%! #"*'# B"'!/)

    +-h -h h'/9%'!-!) '- M%&0'+ "#'-' Ch(('+ '(/ N D#h+. L"*'# B"'!/) *"()+)- "$

    $+ &&0!) '*h C(-!'# G"!(&(- '"+(-/ $"! ' -!& "$ $"%! '!) -" !!)(-

    -!!+-"!+'# '(/ *"("&+* +(-!)-) '(/ -h +(-!)-) "$ *""!'-+ '(/ +(/+,("%) 0'(). Th

    R)! B'( "$ I(/+' A*- 134 ') *"&&(*/ "( A!+# 1 135.

    Th A*- 134 ?II "$ 134@ !"+/) -h )-'-%-"! 0')+) "$ -h $%(*-+"(+(, "$ -h B'(. Th

    B'( ') *"()-+-%-/ $"! -h (/ "$ $"##"+(,

    1. T" !,%#'- -h +))% "$ 0'(("-)2. T" &'+(-'+( !)!) +-h ' + -" )*%!+(, &"(-'! )-'0+#+- '(/

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    17/40

    HR POLICIES & PRACTICES

    3. T" "!'- -h *!/+- '(/ *%!!(* ))-& "$ -h *"%(-! -" +-)

    '/'(-',

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    18/40

    HR POLICIES & PRACTICES

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    19/40

    HR POLICIES & PRACTICES

    2.3 COMPANY PROFILE

    D'! P'-!"()

    W '! ,#'/ -" +($"!& "% '- -h "%-)- -h'- "%! 0'( h') 0( '0# -" %-

    % ' ! ,""/ !$"!&'(* +( -h $+('(*+'# '! 271314. W h'/'(("%(*/ ' ! !"0%)- )- "$ (%&0!) '*!")) '## '!'&-!). Th

    -"-'# 0%)+()) ,! '- 17.75 K $!"& R). 67.3 C!"! -" R).

    327.5 C!"!. T"-'# /")+-) ,! $!"& R). 44262.37 C!"! -" R).

    441.7 C!"! '(/ -"-'# A/'(*) ,! $!"& R). 3115.53 C!"! -"

    R). 3622.5 C!"!. W !,+)-!/ ' G!")) P!"$+- "$ R). 4.34 C!"! ')

    ','+()- R). 4.5 C!"! #')- '!. W !*"!// "%! h+,h)- ! (-

    !"$+- "$ R). 57.57 C!"!.

    W h' 0( )%**))$%# +( &'+(-'+(+(, ' ! h'#-h '))- 9%'#+-. O%! G!")) NPA h')

    *"& /"( -" 1.1K '(/ (- NPA -" 7.K h+*h +) #"! -h'( &'( "$ "%! *"&-+-"!).

    Th $'*- +) -h'- h' 0( '0# -" '*h+ -h+) +( )+- "$ ' *h'##(,+(, *"("&+*

    )*('!+". O%! *'+-'# '/9%'* !'- +) '- 12.5K h+*h +) ## '0" -h RBI !)*!+0/

    '#%. W h' 0( '0# -" &'+(-'+( ' ,""/ N- I(-!)- M'!,+( '0" 3 K.Th )-'$$

    !"/%*-++- h') +(*!')/ $!"& R) 17.2 C!"! -" R) 17.5 C!"! ! ". W h' '

    -"-'# " 0') "$ 65 ') "$ M'!*h 31)- 2714. Th *!/+- /")+- !'-+" +) '- 6.2K

    h+*h +(/+*'-) "%! *''0+#+-+) $"! ,!"+(, "%! '))- 0') *"()+)-(-#. Th 0"" '#% !

    )h'! h') ,!"( $!"& R). 22.44 -" R). 25.76.

    W h' :'(// "%! !)(* -" 77 0!'(*h) '(/ 1777 ATM) )!'/ '*!")) 26 )-'-) '(/

    2 %(+"( -!!+-"!+) +( I(/+'. W h' 0( *"()+)-(-# '//+(, 57 0!'(*h) '(/ 277 ATM)

    ! '! +-h #'( -" '// 25 0!'(*h) '(/ 25 :-()+"( *"%(-!) -h+) '!. W '#)" #'( -"

    "( 257 ATM) +( -h *%!!(- $+)*'#. T" *"&(- "%! $$"!-) -" !'*h "%- -" "%! *%)-"&!)

    -h!"%,h -h 0!+* '(/ &"!-'! &"/# h' "$$!/ '## &"/) "$ )!+* /#+! %)+(,+(-!(- 0'(+(, &"0+# 0'(+(, -*. Th+) '! #'%(*h/ '( +(("'-+ !"/%*- M

    P'))0"" h+*h ,+) "% '( #,'(- + "$ "%! '))0"" !'# -+& "( "%! &"0+#

    /+*. Th !"/%*- +) ''+#'0# +( '## $#'"%!) +8. A(/!"+/ +OS W+(/") '(/ B#'*0!!.

    W '#)" "$$!/ $%(/ -!'()$! $'*+#+- $!"& &"0+# -" '( 0'( '**"%(- +( I(/+' %)+(, "%! M

    P' !"/%*-. Th '/'(-', "$ -h+) $'-%! +) -h'- *%)-"&! *'( -!'()$! $%(/) ( "( ("(

    0%)+()) /';"!+(, h"%!).

    W h' "( 9%+- ' $ ''!/) -h+) '! +(*#%/+(, 4 B)- B'(! A'!/) $!"& S%(/'

    S-'(/'!/ +()-+-%-/ 0 I(/+'( E:!)) G!"% +( '//+-+"( -" -h B'(+(, T*h("#",

    E:*##(* A'!/ $!"& IBA. B%- ') '#') +- +) -h )&+#+(, $'* "$ "%! h' *%)-"&!) -h'-

    *h!+)h -h &")-. W h' 0( '0# -" !-'+( "%! *%)-"&!) 0 !)"('#+8+(, "%! )!+*

    '(/ $+( -%(+(, +- -" &- -h %(+9% !9%+!&(-) "$ '*h *%)-"&!. W )-!"(,# 0#+ -h'-'*h "( "$ "%! *%)-"&!) "%#/ !*"&&(/ "%! !"/%*-) '(/ )!+*) -" "-h!).

    W "%#/ #+ -" !+-!'- -" '## "%- )-'h"#/!) -h'- "%! $$"!-) +( ,!"+(, -h+) ,!'-

    "!,'(+8'-+"( -" ,!'-! h+,h-) )h'## *"(-+(%. W h' ' -'!,- "$ 177777 C!"! "$ -"-'#

    0%)+()) $"! -h+) $+)*'#. W '! *"($+/(- -h'- "%#/ 0 '0# -" !'*h -h! ') #'((/. W

    #"" $"!'!/ -" -h )%"!- '(/ '-!"(', $!"& "%! *%)-"&!) )h'!h"#/!) '(/ ##

    +)h!).

    W+)h+(, ' ,!'- ( $+)*'#

    W+-h W'!& R,'!/)

    D".V.A.8OSEPH

    9MANAGING DIRECTOR : CEO;

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    20/40

    HR POLICIES & PRACTICES

    P"%/'*#

    Th S"%-h I(/+'( B'( L+&+-/ ?SIB@ +) '( I(/+'0')/ )*h/%# 0'(. SIB !"+/) !-'+#

    '(/ *"!"!'- 0'(+(, P'!' 0'(+(, '*-++-+) )%*h ') /0+- *'!/ -h+!/ '!- !"/%*-

    /+)-!+0%-+"( +( '//+-+"( -" -!')%! '(/ $"!+,( :*h'(, 0%)+()). SIB "!'-) +( $"%!),&(-) T!')%! C"!"!'-; Wh"# )'# B'(+(, R-'+# B'(+(, '(/ O-h! B'(+(,

    O!'-+"(). Th -!')%! )!+*) ),&(- !+&'!+# *"()+)-) "$ +(-!)- '!(+(,) "(

    +()-&(-) "!-$"#+" "$ -h 0'( ,'+() "! #"))) "( +()-&(- "!'-+"() '(/ '!(+(,) $!"&

    $"!+,( :*h'(, 0%)+()). Th C"!"!'- ; Wh"# )'# B'(+(, ),&(- !"+/) #"'() '(/

    "-h! 0'(+(, )!+*) -" *"!"!'- ),&(-. Th R-'+# B'(+(, ),&(- !"+/) #"'() '(/

    "-h! 0'(+(, )!+*) -" ("( *"!"!'- *%)-"&!). Th+) ),&(- +(*#%/) +(*"& $!"& P'!'

    0'(+(, '*-++-+) )%*h ') /0+- *'!/) -h+!/ '!- !"/%*- /+)-!+0%-+"( '(/ '))"*+'-/ *")-).

    Th S"%-h I(/+'( B'( ') +(*"!"!'-/ "( J'(%'! 25 12 +( Th!+))%! !'#' 0 ' 0'(/

    "$ (-!!+)+(, &( '- ' -+& h( Swadeshi&"&(- ') ,'-h!+(, &"&(-%& -" !"+/

    $"! -h "# ' )'$ $$+*+(- '(/ )!+* "!+(-/ !")+-"! "$ )'+(,) "$ -h *"&&%(+- "(

    "( h'(/ '(/ -" !/%* -h /(/(* "$ -h 0%)+()) *"&&%(+- "( &"(#(/!) 0

    !"+/+(, (/ 0')/ *!/+- '- !')"('0# !'- "$ +(-!)-. I- 0*'& ' )*h/%#/ 0'( +(

    146. I- h') 0( +( -h $"!$!"(- "$ %,!'/+(, -h -*h("#", 0 +(-!"/%*+(, *"! 0'(+(,

    )"#%-+"(. I- h') +&(-/ S+0!-*h h+*h !%() "( F+('*# #'-$"!& !"+// 0 I($"))T*h("#",+) L+&+-/. A## -h 0!'(*h) +( -h &'>"! *+-+) '! *"!/ %(/! -h+) !">*- '(/

    ') "( /'- K "$ -h -"-'# 0%)+()) +) (-"!/ %(/! *"! 0'(+(, )"#%-+"(. ICICI B'(

    L-/ +) -h 0+,,)- )h'!h"#/! "$ -h S"%-h I(/+'( B'( h"#/+(, 11.25K "$ -h 0'()

    (9%+!.

    S"%-h I(/+'( B'( h') )!'# $+!)-) -" +-) *!/+-

    F+!)- '&"(, -h !+'- )*-"! 0'() +( !'#' -" 0*"& ' )*h/%#/ 0'( +( 146

    %(/! -h RBI A*-.

    F+!)- 0'( +( -h !+'- )*-"! +( I(/+' -" "( ' C%!!(* Ch)- "( 0h'#$ "$ -h RBI

    +( A!+# 12.

    F+!)- !+'- )*-"! 0'( -" "( ' NRI 0!'(*h +( N"&0! 12.

    F+!)- '&"(, -h !'#' 0')/ 0'() -" "$$! ' C!/+- C'!/ -" *%)-"&!) +( N"&0!

    12.

    F+!)- 0'( +( -h !+'- )*-"! -" )-'!- '( I(/%)-!+'# F+('(* B!'(*h +( M'!*h 13.

    F+!)- '&"(, -h !+'- )*-"! 0'() +( !'#' -" "( '( O!)') B!'(*h -" *'-!

    :*#%)+# -" -h :"!- '(/ +&"!- 0%)+()) +( J%( 13.

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    21/40

    HR POLICIES & PRACTICES

    F+!)- 0'( +( !'#' -" /#" +(h"%) $%## +(-,!'-/ 0!'(*h '%-"&'-+"( )"$-'!

    +( '//+-+"( -" -h +(h"%) '!-+'# '%-"&'-+"( )"#%-+"( "!'-+"('# )+(* 12.

    A) "( 31M'!277 +- h') ' (-"! "$ 537 0!'(*h) 13 :-()+"( *"%(-!) '(/ 27

    ATM).

    H'$(%"0 %/ S%u( I!)'! B!

    S"%-h I(/+'( B'( +) (" "( "$ -h #'/+(, )*h/%#/ *"&&!*+'# 0'() +( I(/+' +-h '

    )-!"(, $"*%) "( -*h("#", '(/ *%)-"&! )!+*. SIB h') ' '( I(/+' !)(* +-h 57

    B!'(*h) 3 E:-()+"( C"%(-!) '(/ 3 ATM) )!'/ '*!")) 23 S-'-);U(+"( T!!+-"!+).

    Th -"-'# (%&0! "$ E") "$ -h B'( ') "( 3112 277 +) 426. S"%-h I(/+'( B'(

    ') !,+)-!/ ') ' !+'- L+&+-/ C"&'( %(/! -h *"&'(+) A*- "$ 113 '(/

    *"&&(*/ 0%)+()) "( 27112 '- R"%(/ S"%-h Th!+))%!. Th S"%-h I(/+'( B'( L-/.

    ') $"!&/ 0 ' ,!"% "$ 44 (-!!+)+(, &( "$ Th!+))%! h" *"(-!+0%-/ R).577; '*h -"

    -h +(+-+'# '+/ % *'+-'# "$ R).22 777;. Th+! &'+( "0>*-+ ') -" )! -h &!*h'(-

    *"&&%(+- "$ Th!+))%! 0 $!+(, -h& $!"& -h *#%-*h) "$ -h &"( #(/!) h" *h'!,/

    :"!0+-'(- !'-) "$ +(-!)-. Th 0'( !*+/ ! ,""/ )%"!- $!"& -h %0#+* '- #'!,.

    I(+-+'## -h ,!"-h ') )#" 0%- )-'/. Th (%&0! "$ 0!'(*h) "(/ '*h '! -)-+$+/

    +-) )-'0+#+- '(/ "%#'!+-. I- ') +(*#%// +( -h )*"(/ )*h/%# "$ -h R)! B'( "$

    I(/+' '(/ 0*'& ' )*h/%#/ B'( "( 77146. SIB ') -h $+!)- )*h/%#/ B'( +( -h

    !+'- )*-"! +( !'#' -" ,- -h #+*() %(/! )*-+"( 22 "$ -h B'(+(, R,%#'-+"( A*-

    14 $!"& RBI "( 17615. I( -h 7 '!) "$ +-) )!+* -h B'( h'/ )%!+/ &'(

    *!+)). I- *"%#/ )%!+ -h !'#' B'(+(, *!+)+) "$ 167 h( -h P'#' C(-!'# B'( ')

    *#")/ /"(. A -%!0%#(- (+!"(&(- ') :!+(*/ 0 0'() +( !'#'. I- ') ' !+"/ "$

    &!,! '&'#,'&'-+"() '(/ -') "!. S"%-h I(/+'( B'( (-%!/ -" :-(/ +-) h#+(,

    h'(/ -" -' "! -h '))-) '(/ #+'0+#+-+) "$ 15 )&'## 0'() +( !'#' +( 164. I- ') 0')/

    "( -h ,(!'# "#+* "$ *"()"#+/'-+"( $"!&%#'-/ 0 RBI.

    B"!& E

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    22/40

    HR POLICIES & PRACTICES

    SIB ') h'+(, ' -"-'# "$ 235 B!'(*h). G!"-h +( -h (%&0! "$ 0!'(*h) '(/ ,!"-h +(

    0%)+()) '! )h"( +( -h -'0#.

    F%"#'+! E*- 0 -h SIB +) -h $+!)- !'#'

    0')/ 0'( -" +&(- -h *"! 0'(+(, ))-&.

    Th 0'( h'/ &0'!/ %"( ' &'))+ -*h("#", %,!'/'-+"( !">*- 0 -h ('&

    S+0!-*h $"! +(-!"/%*-+"( "$ C"! B'(+(, S"#%-+"(. Th S+0!-*h P!">*- ') $"!&'##

    #'%(*h/ "( J'(%'! 1 2771 0 S!+. N.R. N'!''(' M%!-h Ch+$ M(-"! ?I($"))

    T*h("#",+) L-/.@ +( ' *"#"!$%# $%(*-+"( '- "*h+.

    F"! -h+) ' &"/!( D'-' C(-! h') 0( )- % '- "*h+ *"((*-+(, '## -h 0!'(*h) -h

    D'!-&(-) '- H'/ O$$+* R,+"('# O$$+*) '(/ -h T!')%! D'!-&(- '- M%&0'+ '(/

    -h I(-!('-+"('# B'(+(, D++)+"( '- "*h+. Th+) !"0%)- (-"! $'*+#+-'-) '(h!

    0'(+(, N-"!/ ATM) I(-!(- B'(+(, M"0+# B'(+(, G#"0'# ATM *%& /0+- *'!/

    "!'-+"() -*. Th S+0!-*h !">*- ') #'%(*h/ +-h ' -'!,- "$ *"((*-+(, -h 277 "//

    0!'(*h) +( -" h')) 0 M'!*h 2774. T"'!/) -h+) (/'"! -h 0'( *"(*#%// '

    -*h("#", '!-(!)h+ +-h M;). I($")) T*h("#",+) L-/. $"! F+('*# -h C"! B'(+(,

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    23/40

    HR POLICIES & PRACTICES

    S"#%-+"( M;).HCL I($" ))-&) L-/. $"! N-"! I(-,!'-+"( '(/ M;). WIPRO $"! D'-'

    C(-! )- % '(/ &'+(-('(*. Th 0'( h') '*h+/ 177 ! *(- *"((*-++- 0

    +&(-+(, C"! B'(+(, S"#%-+"( 0 24-h M'!*h 277. F%!-h! -" )-!(,-h( -h ATM

    !'*h '(/ ,#"0'# '**-'0+#+- B'( h') +(-!"/%*/ G#"0'# ATM*%&D0+- *'!/ h+*h *'(

    0 %)/ '- ATM) '(/ &!*h'(- )-'0#+)h&(-) '## "! -h "!#/. Th B'( h') '#)"

    +(-!"/%*/ '#% '/// )!+*) )%*h ') &"0+# 0'(+(, '(/ +(-!(- 0'(+(,. Th '+& "$ -h

    B'( +) -" "$$! -h #'-)- -*h("#", /!+( '#% '/// )!+*) -" -h *%)-"&!) -"'!/)

    -h !'#+8'-+"( "$ "%! &"--" E:!+(* N:- G(!'-+"( B'(+(,.

    B%") %/ D'"#&(%"$ !) C%"-%"(# G%,#"!!Th *"&")+-+"( "$ -h B"'!/ "$ D+!*-"!) +) ,"!(/ 0 -h !"+)+"() "$ -h B'(+(,

    R,%#'-+"( A*- 14. Th B"'!/ *"()+)-) "$ &+((- !)"() +-h *"()+/!'0# !"$))+"('#

    :!-+) '(/ :!+(* +( B'(+(, '**"%(-+(, $+('(* '(/ "-h! $+#/) ') )*+$+/ +( -h

    )'+/ A*-. C"!"!'- ,"!('(* "$ -h B'( ()%!) h+,h )-'(/'!/) "$ -!'()'!(*

    '**"%(-'0+#+- -h+*'# "!'-+(, !'*-+*) '(/ !"$))+"('# &'(',&(-. U(/! -h

    #'/!)h+ "$ MD !) CEO D".V. A. 8%$#- C'"m! S"'. Am'( Gu'(/ "-h!

    /+!*-"!) '(/ -" :*%-+) -h B'( +) (" !$"!&+(, :-! ##.

    O"+!'=('%! B%")

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    24/40

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    25/40

    HR POLICIES & PRACTICES

    Th 0'( '--'*h) -" !+"!+- -" +&'!- '/9%'- -!'+(+(, -" +-) "). I- *"()+/!) -h'-

    -!'+(+(, +) (*))'! $"! 0"-h +(/++/%'# '(/ "!,'(+8'-+"('# $$*-+()). Th -!'+(+(, )h"%#/

    h# -" /#" -h )+##) '(/ ("#/, '(/ '#)" -h *"&-(*+) /)+!/ $!"& -h&.

    T!'+(+(, +(-!(-+"() '! $$*-+# &'/ %) "$ 0 -h 0'( -" +&!" -h !$"!&'(* "$

    -h "!,'(+8'-+"( )+(* 165. SIBS-'$$ T!'+(+(, C"##, ?SIBSTC@ *"&&(*/ +-)

    "!'-+"() "( 2-hO*-"0! 165. Th $+!)- -!'+(+(, 0'-*h "$ SIBSTC ') +('%,%!'-/ 0 S!+.

    S'&%# M'-h'+ V+*Ch'(*##"! "$ !'#' U(+!)+-. B'( Ch'+!&'( S!+.J")h Ch'"#'

    G(!'# M'(',! MCP N'&0+'! '(/ STC P!+(*+'# S!+.C..M("( ! !)(- "( -h

    "**')+"(. S+(* -h( SIBSTC h') &'/ )%0)-'(-+'# +&!"&(-) '(/ #'/ ' !"# +(

    -h !",!)) "$ -h "!,'(+8'-+"(. I- *"%#/ &- -h 9%'#+-'-+ '(/ 9%'(-+-'-+ -!'+(+(, (/)

    "$ -h "!,'(+8'-+"(. I( '//+-+"( -" -h C(-!'# S-'$$ T!'+(+(, C"##, '- T!+*h%! R,+"('#

    -!'+(+(, *(-!) ! )- % '- D#h+ M%&0'+ B'(,'#"! Ch(('+ '(/ C"+&0'-"! +( 2775.

    L'-! R,+"('# -!'+(+(, *(-!) ! )- % '- C'#*%--' '(/ H/!'0'/ '#)". T" $'*+#+-'- -h

    -!'()+-+"( "$ -h B'( $!"& ' !,+"('# -" ('-+"('# #'-$"!& '(/ -" 0!+(, +( &"!

    !"$))+"('#+)& -h 0'( h') !*!%+-/ )*+'#+)- "$$+*!). Th 0'( h') '#)" !*!%+-/ ' ,""/

    (%&0! "$ !"0'-+"('! "$$+*!) '(/ *#!) -h!"%,h *'&%) !*!%+-&(-. Th+) +) +( '//+-+"( -"

    -h ('-+"('# '(/ !,+"('# ## !*!%+-&(-) -h!"%,h (-!'(* -)-. Th 0'( '#)" +(-!"/%*/ '

    S-'$$ W#$'! S*h& 0 h+*h -h *h+#/!( "$ -h S-'$$ &&0!) ! "$$!/ "&(-

    '$-! !"! )#*-+"( !"*)) +( #+% "$ -h+! '!(-) "-+(, "%- "$ -h >"0. Th (#

    !*!%+-/ "$$+*!);*#!) '! ")-/ -" 0!'(*h) "! "$$+*) '$-! !"! +(/%*-+"( -!'+(+(,. SIB

    h') +(("'-/ ' (%&0! "$ S-'$$#$'! &')%!) h+*h '! %(h'!/ "$ +( -h 0'(+(, )*-"!

    +( I(/+'. I- h') +(-!"/%*/ '( +(("'-+ '(/ '--!'*-+ +(*(-+ )*h& (*"&'))+(, '##

    )-'$$ &&0!) $!"& ED -" '!--+& )!). Th+) h#/ -h B'( '*h+ 0%)+()) -'!,-)

    +-h $"*%) "( CASA !"/%*-).

    Th 0'( h') '#)" +(-!"/%*/ '( Em-*%0## S(%& O-('%! P*!. Th #'-)- #$'! &')%!

    +) -h $'*+#+- -" ''+# #"(, #' $"! %!")) )%*h ') &'-!(+- '(/ *h+#/ *'! h+,h! )-%/+)

    '(/ &/+*'# -!'-&(-.

    M'*#$(%!#$

    S"%-h I(/+'( B'( *"&&(*/ "!'-+"() "( 27112 ') ' !+'- #+&+-/ *"&'( +( '

    !(-/ !""& '- -h )-!( (/ "$ B+)h" M('*h! B%+#/+(, ?(" M%(+*+'# 0%+#/+(,@

    R"%(/ S"%-h '(/ Th!+))%!. Th 0'( "(/ -h $+!)- 0!'(*h +( W'/''(*h!! "( 1272

    132. Th 0'( ') *"(!-/ ') ' %0#+* #+&+-/ *"&'( "( 11713.

    Th 0'( %!*h')/ ' 0%+#/+(, '- R"%(/ S"%-h Th!+))%! "( 2575147. Th FIRST '&"(,-h !+'- )*-"! 0'() +( !'#' -" 0*"& ' )*h/%#/ 0'( "( 77146 %(/! -h RBI

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    26/40

    HR POLICIES & PRACTICES

    A*-. Th E(,#+)h !)+"( "$ -h M&"!'(/%& '(/ -h A!-+*#) "$ A))"*+'-+"( '/"-/ "( 7

    7214 S"%-h I(/+'( B'( E") A))"*+'-+"( ?SIBEA@ ') !,+)-!/ "( 7373152.

    Th $+!)- 0'#'(* )h- +( E(,#+)h ') %0#+)h/ +( 153. Th 0'( "0-'+(/ 0'(+(, #+*()

    $!"& -h RBI "( 1 7615 %(/! -h B'(+(, !,%#'-+"( A*- 14 0*"&+(, -h $+!)-

    0'( +( -h !+'- )*-"! $!"& !'#' Th S+#! J%0+# "$ -h 0'( ') *#0!'-/ "( 7

    72 15 '(/ S!+. . '&'!'> -h Ch+$ M+(+)-! "$ M'/!') '(/ S!+. C. A*h%-h' M("( -h

    Ch+$ M+(+)-! "$ !'#' ,!'*/ -h %0#+* $%(*-+"(. Th 0'( -"" "! '))-) '(/ #+'0+#+-+)

    "$ 15 )&'## 0'() +( !'#' +( 164 ') ! -h "#+* "$ *"()"#+/'-+"( "$ 0'() 0 -h RBI.

    Th 0'( )-'!-/ )-'$$ -!'+(+(, *"##, "( 1517165. S"%-h I(/+'( B'( O$$+*!)

    A))"*+'-+"( ') $"!&/ "( 272166. A >"+(- -!'+(+(, *"##, ') )-'!-/ +-h C'-h"#+*

    S!+'( B'( '(/ Dh'('#')h&+ B'( ') *"'!-(!) "( 717 17. Th 0'( ,"- #+*()

    $!"& -h RBI -" /'# +( $"!+,( :*h'(, "( 71715. Th G"#/( J%0+# "$ -h 0'( ')

    *#0!'-/ "( 117 17 '(/ 11717. M'( /+,(+-'!+) +(*#%/+(, C(-!'# M+(+)-!) S!+.

    R. V(+-'!'&'( -h F+('(* M+(+)-! S!+. C.M. S-h( -h C"&&%(+*'-+"() M+(+)-! '(/

    S-'- M+(+)-!) '(/ Ch'+!&'( SBI ,!'*/ -h "**')+"(.

    Th H'/ O$$+* "$ -h 0'( ') )h+$-/ $!"& -h S+#! J%0+# 0%+#/+(, '- R"%(/ S"%-h

    Th!+))%! -" -h ( 0%+#/+(, '- M+))+"( %'!-!) Th!+))%! +( 14. A C""!'-+ S"*+-

    ') $"!&/ +( 14 %(/! -h ('& S"%-h I(/+'( 0'( S-'$$ C""!'-+ C!/+- S"*+-. Th

    0'( (-%!/ -h %0#+*'-+"( "$ S-%/(-) E*"("&+* F"!%& +( D*&0! 11. Th $+!)-

    0'( +( -h !+'- )*-"! +( I(/+' -" "( ' C%!!(* Ch)- "( 0h'#$ "$ -h RBI +( A!+#

    12 +) -h+). Th $+!)- 0'( +( !'#' -" /#" +(h"%) $%## +(-,!'-/ 0!'(*h '%-"&'-+"(

    )"$-'! +( '//+-+"( -" -h +(h"%) '!-+'# '%-"&'-+"( )"#%-+"( "!'-+"('# )+(* 12. Th

    $+!)- !+'- )*-"! 0'( -" "( ' NRI 0!'(*h +( N"&0! 12 +) -h+). Th+) +) -h $+!)- 0'(

    +( -h !+'- )*-"! -" )-'!- '( I(/%)-!+'# F+('(* B!'(*h +( M'!*h 13.

    Th $+!)- '&"(, -h !+'- )*-"! 0'() +( !'#' -" "( '( O!)') B!'(*h -" *'-!

    :*#%)+# -" -h :"!- '(/ +&"!- 0%)+()) +( J%( 13. Th $+!)- P%0#+* I))% "$ Sh'!)

    "$ -h 0'( ?IPO@ ') *"-/ +( O*-"0! 1. I- L+)-/ -h Sh'!) +( BSE NSE '(/ CSE

    +( D*&0! 1. Th S+0!-*h P!">*- $"! +&(-'-+"( "$ C"! B'(+(, S"#%-+"(

    *"&&(*/ +( 2771 Th P#'-+(%& J%0+# "$ -h 0'( ') *#0!'-/ "( 22 732774. Th

    Ch+$ M+(+)-! "$ !'#' S!+. A.. A(-"( '(/ "-h! /+,(+-'!+) ,!'*/ -h "**')+"( 0 -h+!

    !)(*. Th F"##""( P%0#+* O$$! ?FPO@ "$ 0'() )h'!) ') /"( +( F0!%'! 2776.

    Bh'!'-h M'&&""-- +/(-+$+/ ') S"%-h I(/+'( B'() G#"0'# B!'(/ A&0'))'/"! +( O*-"0!

    2776 Th 0'( '*h+/ 177 ! *(- C"! B'(+(, S"#%-+"( +( M'!*h 277. Th 0'( *"%#/

    !'+) )%0)-'(-+'# *'+-'# $%(/) -" -h :-(- "$ R).326 *!"!) 0 ' "$ %'#+$+/ I()-+-%-+"('#

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    27/40

    HR POLICIES & PRACTICES

    P#'*&(- ?IP@ +( S-&0! 277 '(/ -h%) -h -"-'# *'+-'# !)"%!*) :*// R).1777

    *!"!) O(/ 577-h 0!'(*h "( 3173277 +( N D#h+ '(/ *'& "%- +-h B"(%) I))% "$

    Sh'!) +( 277.

    A N#> V'$u* I)#!('(0 /%" N#> C%m-#(#!&'#$S"%-h I(/+'( B'( %(+#/ -h ( *"!"!'- #"," -h'- /&"()-!'-) -h &'>"!

    -!'()$"!&'-+"( -h 0'( h') %(/!,"( )+(* +-) +(*-+"(. P'/&')h! M'&&""-- -h

    -h!-+& Bh'!'-h ''!/ +((+(, &,')-'! h" +) '#)" -h ,#"0'# B!'(/ A&0'))'/"! "$ -h

    B'( %(+#/ -h ( *"!"!'- 0!'(/ #"," "( 16-h O*-"0! 2776. B'() ( #"," +##

    !">*- -h )+,(+$+*'(* "$ -!'()$"!&'-+"( -" -h %0#+* '!"%(/ -h "!#/. I- +) ' ")+-+ )+,(

    "$ *h'(, -h'- h') !(!,+8/ -h )-'$$ &&0!) '(/ *'%,h- -h '--(-+"( "$ -h *%)-"&!)

    h" %(/!)-'(/ -h'- S"%-h I(/+'( B'( +) //+*'-/ -" !#'-+"()h+ 0%+#- "( -!%)-. Th+) '!&

    !#'-+"()h+ "$ -h *%)-"&!) '(/ -h )-'$$ '#+ +-h -h B'( +) 0'%-+$%## "!-!'/ +( -h

    ( #"," 0 ' "$ -" h'(/) )-!"(,# *#')+(, "( -" -h +##'! -h'- +) SIB h+*h

    !!)(- 0'() #"'# *%)-"&!) "( -h -" '(/ -h ") 0#". Th ( +)%'# +/(-+-

    "$ -h 0'( *"()+)-) "$ Q*'!/+('# !/ '(/ Qh+- *"#"!). QR/ %)%'## !!)(-) (!,

    *!'-++- '(/ '#)" >". R/ *"#"! '#)" )&0"#+8) '!&-h.

    B &0!'*+(, -h+) *"#"! $"! +-) ( #"," SIB +) ,++(, +-) *%)-"&!) -h *"(("-'-+"( "$ -h

    *"(-+(%+(, ,!"-h "$ +/') '(/ *"(*-) '(/ '!& !#'-+"()h+.

    I- '#)" *"() -h'- -h B'( +) "( -h *%--+(, /, "$ ( -*h("#",. Th ( #"," +) '

    *"&0+('-+"( "$ $"!&) -h'- )%,,)- ' )-#+8/ QS. QS h! !!)(-) )!+* )-!(,-h

    )&'!-()) )%"!- '(/ )'$-.

    F"! -h 0'( h+*h &h')+8) "( !)"('#+8/ *%)-"&! )!+* h+*h h') 0( -h B'()

    *"! )-!(,-h '## -h) 7 '!) "$ +-) :+)-(* QS )&0"#+8) ') &(-+"(/ '!#+! )!+*.

    I- &' 0 "+(-/ "%- -h'- O%-#"" M"( C$"! S%! )#*-/ S"%-h I(/+'( B'( ')

    -h 0)- !+'- )*-"! 0'( +( I(/+' +( -h )!+* 9%'#+- ),&(-. QS '#)" !!)(-)

    )-!(,-h /!+/ $!"& )%!+"! 0'(+(, -*h("#",. F"! -h B'( h+*h *"%#/ 0', '( ''!/

    $"! :*##(* +( 0'(+(, -*h("#", $!"& IDRBT h+*h +) -h -*h(+*'# '!& "$ -h R)!

    B'( "$ I(/+' -h+) +) '## -h &"! &'(+(,$%#. Th 0'( h') 0',,/ -h+) ''!/ $"! -h

    :*##(- *"(-!+0%-+"() &'/ +( -h '!' "$ +($"!&'-+"( ))-&) )*%!+- "#+*+) '(/

    !'*-+*) 0 -+,h-# *"&-+(, +-h '## *'-,"!+) "$ 0'() +( I(/+'. D%!+(, -h ,#"0'#

    $+('(*+'# *!+)+) h( -h! +) %0#+* *"(*!( '0"%- -h '))- 9%'#+- "$ 0'() SIB +) -h "(#

    0'( $!"& -h !+'- )*-"! +(*#%/+(, -h ( ,(!'-+"( '(/ -!'/+-+"('# 0'() -" &!, ')

    -h Q0)- 0'( +( -h '))- 9%'#+- +( -h BTPMG S%! "$ B)- B'() +( I(/+'

    %0#+)h/ "( 12-hD*&0! 277. E:!+(* (:- ,(!'-+"( 0'(+(, +) -h ( *"!"!'-

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    28/40

    HR POLICIES & PRACTICES

    )#",'( "$ -h 0'(. B)+/) -h -*h("#",+*'# *''0+#+- h+*h -h 0'( +) h'+(, -h 0'(

    !*!%+-) )*+'#+)- "$$+*!) ') -'& &&0!) -" !"+/ !"$))+"('# *%)-"&! )!+*).

    Bu$'!#$$ S("(#+0

    Th B'( +) *"&&+--/ -" 0*"& ' -*h("#", /!+( *%)-"&!"!+(-/ 0'( ?-h (*"!"!'- )#",'( 0+(, E:!+(* N:- G(!'-+"( B'(+(,@ h! '))+"( $"!

    :*##(* +) ' ' "$ #+$ +(("'-+"( +) ' -!'/+-+"( *"&&+-&(- -" '#%) %()h'( '(/

    *%)-"&! #"'#- +) '0+/+(,.

    Th #"(,-!& *"!"!'- "0>*-+ +) -" &!, ') -h &")- !$!!/ B'( +( I(/+' +-h *"!

    *"&-(* +( $")-!+(, !#'-+"()h+ 0'(+(, ,'!(!+(, *"! /")+- +-h '**(- "( *")-

    *!'-+(, h+,h +#/+(, 9%'#+- '))-) -h!"%,h $"*%)/ &'!-+(, 9%'#+-'-+ '!'+)'# '(/

    $$*-+ &"(+-"!+(,. W '! //+*'-/ -" !"+/ 9%'#+- )!+* -" "%! *%)-"&!) '(/

    &'+(-'+( h+,h )-'(/'!/) +( *"!"!'- !)"()+0+#+-.

    SIBA Cu$(%m#" O"'#!(#) B!D)+- '*9%+!+(, -h #'-)- -*h("#",+*'# *''0+#+-+) ''+#'0# -" -h 0'(+(, +(/%)-! +( -h

    *"%(-! -h B'( +## *"(-+(% -h &h')+) "( !)"('#+8/ *%)-"&! )!+* h+*h h')

    0( -h B'() *"! )-!(,-h $"! '## -h) '!).

    I(*+/(-'## -h B'( h'/ '#)" 0( )#*-/ +( -h O%-#"" M"( C F"! S%! ') -h

    0)- !+'- )*-"! B'( +( I(/+' +( -h QS!+* %'#+- ),&(-.

    V'$'%! !) M'$$'%!

    V'$'%!T" &!, ') -h &")- !$!!/ 0'( +( -h *"%(-! +( -!&) "$ 0!'(/ '#%) !+(*+#) +-h

    *"! *"&-(* +( $")-!+(, *%)-"&! ')+!'-+"() -" 0%+#/ h+,h 9%'#+- '))-) #!',+(, "(

    -h )-!"(, '(/ +0!'(- -*h("#", #'-$"!& +( %!)%+- "$ :*##(* *%)-"&! /#+,h- '(/ -"

    0*"& ' &'>"! *"(-!+0%-"! -" -h )-'0# *"("&+* ,!"-h "$ -h ('-+"(.

    M'$$'%!T" !"+/ ' )*%! ',+# /('&+* '(/ *"(/%*+ 0'(+(, (+!"(&(- -" *%)-"&!) +-h

    *"&&+-&(- -" '#%) '(/ %()h'( *"($+/(* /#"+(, -h 0)- -*h("#", )-'(/'!/)

    !"*))) '(/ !"*/%!) h! *%)-"&! *"((+(* +) "$ )+,(+$+*'(- +&"!-'(* '(/ -"

    +(*!') -h )-'h"#/!) '#%.

    O?#&(',#$

    T" !"+/ ' )*%! ',+# /('&+* '(/ *"(/%*+ 0'(+(, (+!"(&(- -"

    *%)-"&!)

    T" !"+/ -h 0)- -*h("#",

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    29/40

    HR POLICIES & PRACTICES

    T" !"+/ )-'(/'!/) !"*))) '(/ !"*/%!) h! *%)-"&! *"((+(* +) "$

    )+,(+$+*'(- +&"!-'(* '(/ -" +(*!') -h )-'h"#/!) '#%.

    D#$'+!

    E! )+(* &'>"! *"&&!*+'# 0'() ! ('-+"('#+8/ +( -" h')) +( 16 '(/ 17 -h!

    h') 0( ' )' *h'(, +( -h+! $%(*-+"() "%-#"" '(/ !*-+"(. O( "$ -h &'+( "0>*-+)

    "$ ('-+"('#+8'-+"( "$ 0'() h') 0( -" h# '*h+ 0'#'(*/ !,+"('# )*-"!'# '(/ )*-+"('#

    /#"&(- "$ -h *"("& 0 ' "$ &'+(, -h 0'() !'*h "%- -" -h )&'## &'( '(/ -"

    -h !&"- '!') "$ -h *"%(-!.

    A( "!,'(+8'-+"( *"()+)-) "$ "# h" *'!! "%- /+$$!(-+'-/ -')) h+*h '! *""!/+('-/

    )" ') -" *"(-!+0%- '(/ '*h+) #'((/ ,"'#). O!,'(+8'-+"() '! *!'-/ &'+(# $"!

    !"/%*+(, ,""/) '(/ )!+*) -" -h )"*+- $"! h+*h -h h' -" +(*"!"!'- ' $"!&'#

    )-!%*-%!.

    I(/+'( 0'(+(, +) (" "!'-+(, +( ' &"! *"&-+-+ )--+(, +-h -h +(/%*-+"( "$ (

    0'(). B"-h I(/+'( '(/ $"!+,( h" +## 0 0!+(,+(, +( ( "! -*h("#", '(/ )*+'#+)-

    :!-+) '(/ ' '!+- "$ ( $+('(*+(, +()-!%&(-).

    Th )-!%*-%! "$ S"%-h I(/+'( ' 0'( +) H'/ O$$+* R,+"('# O$$+* B!'(*h O$$+*

    E:-()+"( C"%(-!) '(/ ATM C"%(-!).

    H#) O//' S"%-h I(/+'( B'() $%(*-+"() '! *"(-!"##/ '(/ *""!/+('-/ 0 -h H'/

    "$$+*. Th H'/ O$$+* "$ S"%-h I(/+'( B'( +) +( T!+*h%! !'#'. I- *"(-!"#) -h '*-++-+) "$

    !,+"('# "$$+*) '(/ 0!'(*h "$$+*). A## &")- '## -h /'!-&(-) '! -h! +( -h H'/ O$$+*.

    E! /*+)+"( +) -'( h!. S+(* '## -h /'!-&(-) '! -h! +( -h H'/ O$$+* !

    $%(*-+"( +) /"( h!. Th &'+( $%(*-+"() "$ H'/ "$$+* '! ,+( 0#".

    I- *"(-!"#) '## -h '*-++-+) "$ 0'( Th &'(',+(, D+!*-"!) S*!-'!+'- +) -h! +( -h h'/

    "$$+*. S" '## &")- '## -h /*+)+"() !-'+(+(, -" -h )&""-h '/&+(+)-!'-+"( "$ -h 0'( +)

    -'( h!.

    I- *h*) '## -h '**"%(-) "$ /+$$!(- R,+"('# O$$+*) '(/ B!'(*h O$$+*) -h!"%,h +-)

    '**"%(-) /'!-&(-). S-!"(, '(/ )"%(/ DICT +) -h! -" &' !"! *"&&%(+*'-+"(. I-

    /'#) +-h '## -h #,'# +))%) "$ -h 0'( -h!"%,h -h #,'# /'!-&(-). I- *h*) -h NRI

    '**"%(- "!-$"#+" -h!"%,h +-) NRI /++)+"(. I- *h*) '(/ !+) -h *%)-"&! !#'-+"()h+

    &'(',&(-.

    R#+'%!* O//'T" &' -h '/&+(+)-!'-+"( '(/ $%(*-+"() ')+! R,+"('# O$$+*) '!)- % $"! '*h !,+"(. I- '*-) ') ' #+( 0-( 0!'(*h) '(/ h'/ "$$+*. I( '*h !,+"(

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    30/40

    HR POLICIES & PRACTICES

    *!-'+( (%&0! "$ 0!'(*h) '(/ :-()+"( *"%(-!) '! -h!. A/&+(+)-!'-+"( +) ! /+$$+*%#-

    '**"!/+(, -" -h +(*!') "$ -h 0!'(*h). R,+"('# "$$+* &') -h $%(*-+"( "$ h'/ "$$+*

    #))! -h!"%,h +-) *" !)"()+0+#+-. Th R,+"('# O$$+*) "$ S"%-h I(/+'( B'( +) ,+(

    0#" B'(,'#"! Ch(('+ C"+&0'-"! D#h+ E!('%#%& H/!'0'/ "#'-' "--''&

    "8h+"/ M%&0'+ P'-h'('&-h+--' P'#''/ T!+'(/!%& T!+*h%! '(/ M'/%!'+.

    B"!& O//'Th! '! 57 0!'(*h) $"! S"%-h I(/+'( B'(. Th *"& %(/! )*+$+*

    R,+"('# "$$+*. T" &' !)"('# *"(-'*- +-h -h *%)-"&!) 0!'(*h) '! ! %)$%#. I(

    0!'(*h "$$+*) *'(- ) '## -h /'!-&(-). B%- ! $%(*-+"( "$ -h 0'( )%*h ')

    '**-+(, /")+-) +))%+(, #"'( '(/ *#'!+(, +) -h!. J"0 !"-'-+"( +) -h! +( 0!'(*h "$$+*).

    ATM C%u!(#"$Th &'+( %!") "$ -h 0'( +) -" !/%* -h 0%!/( "$ -h *%)-"&!. S"

    -h 0'() h' "(/ ATM C"%(-!) '- /+$$!(- #'*) -" '"+/ -h ')-', "$ -+& '(/

    /+$$!(- $"!&'#+-+). S"%-h I(/+'( B'( h') )- % 35 ATM C"%(-!) '## "! I(/+'. S"%-h

    I(/+'( B'() G#"0'# ATMC%&D0+- C'!/) '! (" '**-'0# +( -h M')-! C'!/

    I(-!('-+"('# N-"! S)-& ') ## ') +( -h /"&)-+* N'-+"('# F+('(*+'# S+-*h ?NFS@

    N-"! S)-& "(/ 0 IDRBT -h -*h(+*'# '!& "$ RBI. P!"+/ "(#+( '**)) -"

    S'+(,) B'( "! C%!!(- '**"%(-) "$ S"%-h I(/+'( B'(. T+/ % +-h -h "!#/!("(/

    )!+* !"+/! M')-!C'!/ I(-!('-+"('# *'( 0 %)/ +( 37777 ATM) &+##+"( P"+(-

    "$ S'# ?POS@ -!&+('#) "!#/+/. S"%-h I(/+'( B'( 0+(, ' &&0! "$ NFS (-"!

    S"%-h I(/+'( B'( *'!/) '! '**-'0# +( "-h! &&0! 0'() ATM). I- *'( 0 %)/ +(

    31777 ATM) +( I(/+'. Th M')-!" D0+- *'!/ +) ' PIN 0')/ *'!/ '(/ "!'-) )+&+#'! -"

    ATM &'+(, +- 177K )*%! ( +( POS -!&+('#). G#"0'# C'!/) '! +))%/ $! "$ *")- -"

    -h *%)-"&!) "$ S"%-h I(/+'( B'(. N"&+('# $ +) *h'!,/ -" -h %)!) '- "-h! B'()

    ATM). C')h +-h/!''# #+&+-) -h!"%,h ATM) +) % -" R).27 777; ! /'.

    D#-"(m#!($

    Th! '! '!+"%) /'!-&(-) +( S"%-h I(/+'( B'( $"! -h )&""-h $%(*-+"(+(, "$ -h 0'(.

    I- +) ' /*(-!'#+8/ ))-&. E'*h /'!-&(- +) h'+(, -h+! "( '%-h"!+- h+*h +) ("-

    *"(-!'! 0%- *"+&(-'! -" -h !%#) '(/ !,%#'-+"() "$ -h 0'(. Th $%(*-+"() "$ -h

    0'( +## /(/ "( -h $%(*-+"() "$ -h /'!-&(-) ') :#'+(/ 0#"

    2.1.1. M!+'!+ D'"#&(%"@$ S#&"#("'(I- #+) +( -h h'/ "$$+* h+*h +) +( T!+*h%!. Th

    &&0!) "$ -h+) S*!-'!+'- '! M'(',+(, D+!*-"! E:*%-+ D+!*-"! Ch+$ G(!'#

    M'(',! '(/ G(!'# M'(',! h" '! -h '/&+(+)-!'-+ 0"/ "$ -h 0'(. Th $"!&%#'-

    -h "#+*+) '(/ )-!'-,+) +-h -h h# -h 0"'!/.

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    31/40

    HR POLICIES & PRACTICES

    A&&%u!($ D#-"(m#!( A**"%(-) D'!-&(- *'( 0 )( +( '#&")- '## -h 0'( "$$+*). Th

    Ch+$ M'(',! "$$+*+'# )-'$$) '(/ *#!+*'# )-'$$) '! -h &&0!) "$ -h+) /'!-&(-. I-

    &'+(-'+() '(/ !"+/) -h '**"%(-) '(/ $+('(*+'# !"!-) "$ -h 0'( ') '(/ h( (//.

    DICT I- +) -h /'!-&(- $"! +($"!&'-+"( '(/ *"&&%(+*'-+"( -*h("#",. Th "$$+* "$

    DICT +) +( E!('%#%&. D%- G(!'# M'(',! A))+)-'(- G(!'# M'(',! S-'$$ &&0!)

    '(/ C#!+*'# )-'$$) '! -h &&0!) "$ -h+) /'!-&(-. I- $'*+#+-'-) +($"!&'-+"( '(/

    *"&&%(+*'-+"( -*h("#",. I- h') ' )%0 /'!-&(- (' C!/+- D'-' M'(',&(- C(-!

    h+*h /'#) +-h -h *!/+- )'(*-+"( '(/ &'+(-('(* "$ #"'( /'-'.

    C%"-%"(# F'!!&'* M!+#m#!( Th "$$+* "$ C"!"!'- F+('(*+'# M'(',&(- +)

    )+-%'-/ +( -h h'/ "$$+* +( T!+*h%!. D%- G(!'# M'(',! O$$+*!) +( /+$$!(- )*'#)

    '(/ C#!+*'# )-'$$) '! -h &&0!) "$ -h+) /'!-&(-. I- *"##*-) !+$+) &'+(-'+() '(/

    !"+/) -h P!"$+- '(/ L")) A**"%(- '(/ B'#'(* Sh- "$ '!+"%) 0!'(*h) '(/ -h h'/"$$+*).

    I!$-#&('%! !) V'+'*! D#-"(m#!(Th I()*-+"( '(/ V+,+#'(* D'!-&(- +) -h! +(

    -h h'/ "$$+* +( T!+*h%!. Th+) /'!-&(- +) $%(*-+"(+(, %(/! -h #'/!)h+ "$ D%-

    G(!'# M'(',! '(/ -",-h! +-h -h *" "!'-+"( "$ -h )-'$$ &&0!). I- +()*-) -h

    $%(*-+"() "$ -h 0!'(*h) '(/ '#%'-) -h 0'(+(, "!'-+"() '(/ +- :!*+)) -h +,+#'(*

    '%-h"!+- -"".

    L#+* D#-"(m#!( Th+) D'!-&(- /'#) +-h '## -h #,'# &'--!) "$ -h 0'(. Th+)

    /'!-&(- +) ! (*))'! -" !"-*- -h 0'( $!"& '## -h #,'# +))%) !#'-+(, -" -h

    $%(*-+"() $+('(* '(/ *%)-"&! !#'-+"()h+. Th+) /'!-&(- +) +( -h h'/ "$$+* +( T!+*h%!.

    Th+) /'!-&(- +) h'// 0 D%- G(!'# M'(',! +-h -h *""!'-+"( "$ "-h!

    "$$+*!) '(/ *#!+*'# )-'$$).

    NRI D','$'%!Th+) /'!-&(- +) %#-+&'-# $"! NRI). I- /'#) +-h -h '**"%(-) /")+-)

    #"'() '(/ *%)-"&! !#'-/ +))%). Th+) /'!-&(- +) +( -h h'/ "$$+* +( T!+*h%! h+*h +)

    h'// 0 -h D%- G(!'# M'(',! .H *" "!/+('-) '## -h "$$+*+'# )-'$$ &&0!) '(/

    *#!+*'# )-'$$ $"! -h )&""-h $%(*-+"(+(, "$ -h /'!-&(- '(/ -h 0'( -"".P#"$%!!#* D#-"(m#!( I- +) +( -h h'/ "$$+* +( T!+*h%! /'#) +-h -h !*!%+-&(-

    )#*-+"( !"&"-+"( -!'()$! *"&()'-+"( '(/ " ,!+'(*). Th+) /'!-&(- +)

    h'// 0 -h D%- G(!'# M'(',! -" !+ -h +))%) !#'-+(, -" -h ") $"! -h

    ,!"-h '(/ !",!)) "$ -h 0'(. H *" "!/+('-) -h )-'$$ 0 h'!+(, -h+! ,!+'(*) '(/

    !"!-) -h+! /&'(/) -" -h h+,h! '%-h"!+-.

    P*!!'!+ !) D#,#*%-m#!( D#-"(m#!(Th+) /'!-&(- /'#) +-h -h !"/%*-) "$ -h

    0'( +))%) *+!*%#'!) '(/ '"+(-) 0!'(/ '&0'))'/"!). I- +) +( -h h'/ "$$+* +( T!+*h%!

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    32/40

    HR POLICIES & PRACTICES

    h+*h +) h'// 0 D%- G(!'# M'(',!. H %-+#+8) -h '0+#+-+) '(/ )+##) "$ h+)

    )%0"!/+('-) '(/ &"-+'-) -h& -" $%#$+## -h+! &+))+"( $$*-+#.

    S#&"#("'(I- +) +( h'/ "$$+* +( T!+*h%! h'// 0 D%- G(!'# M'(',!. Th &'+(

    $%(*-+"( "$ -h+) /'!-&(- +) -" /'# +-h -h %0#+* +))%) )*+'## -h &'--!) !#'-+(, -"

    -h )h'!h"#/!). S-'-+"(! *## +) ' )%0 /'!-&(- h+*h !"+/) -h *h9%) '(/ $"!&)

    -*.

    M"#('!+ D#-"(m#!(Th+) /'!-&(- +) +( -h !,+"('# "$$+* +( E!('%#%&. Th+) +)

    h'// 0 D%- G(!'# M'(',!. I- /'#) +-h -h -+& &"/ '(/ #'* "$

    '/!-+)&(-). I- h') *!-'+( )%0 /'!-&(-) )%*h ') I(-!(- 0'(+(, '(/ M"0+# 0'(+(,

    h+*h /'#) +-h C0! (- TM '(/ SMS G!+'(* D'!-&(- h+*h /'#) +-h -h

    *%)-"&! +))%) +( !#'-+"( -" -h &'!-+(, "$ -h !"/%*-).

    IRMDTh+) /'!-&(- *'#*%#'-) -h !+) &"!-,', )*%!+- 9%'#+- '(/ *"##'-!'# '(/

    /'#) +-h -h &'(',&(- "$ !+). Th+) /'!-&(- $%(*-+"() +( -h h'/ "$$+* T!+*h%!.

    C"#)'( D#-"(m#!( I( -h+) /'!-&(- -h! '! '!+"%) )%0 )*-+"() )%*h ') *!/+-

    )'(*-+"( *!/+- &"(+-"!+(, '(/ *!/+- !*"!. C!/+- )'(*-+"( !+) -h !"")'#) '(/

    )'(*-+"(). S+&+#'!# C!/+- !*"! /'#) +-h -h NPA &'(',&(- !*"! "$ '))-) '(/

    )--#&(-. F+('## C!/+- &"(+-"!+(, ,+) ' $"##" % $"! -h *!/+- !"")'#) '(/ !*"!.

    Th) -h! )*-+"() h# -h /'!-&(- $"! +-) )&""-h $%(*-+"(.O"+!'=('%! !) M#(%)$ !) C%m-*'!Th+) /'!-&(- !"+/) ' *"/ "$ *"(/%*-

    $"! -h 0'( !+) -h *"/ "$ *"(/%*- '(/ '#%'-) -h "0)!'-+"( "$ -h+) *"/ "$

    *"(/%*-.

    T"#$u"0 D#-"(m#!(Th+) /'!-&(- /'#) +-h -h 9%+-. Th+) /'!-&(-) $%(*-+"( +)

    )'& ') -h &'!-+(, /'!-&(-. I- /'#) +-h -h $%(/) -h *"##*-+"( "$ $%(/) '(/ -h

    !"! '##"*'-+"( "$ $%(/).

    I!(#"!('%!* B!'!+Th+) /'!-&(- /'#) +-h -h FORE R'-). Th+) +) &'+(# !#'-/

    -" -h $"!+,( -!'()'*-+"().Th) '!+"%) D'!-&(-) "! -",-h! +-h *" "!'-+"( %(/! -h *""!/+('-+"( "$ B"'!/

    "$ D+!*-"!) '(/ CEO -"'!/ +-) &+))+"( '(/ +)+"(. Th) /'!-&(-) h# -h 0'( $"! +-)

    ')+)- "!'-+"( '(/ $"! -h '*h+&(- "$ +-) "!,'(+8'-+"('# ,"'#).

    A&&%u!($ !) D#-%$'($

    Th )"%-h I(/+'( B'( h') /+$$!(- 0%- )+&+#'! '**"%(-) '(/ /")+-) $"! R)+/(-) NRI)

    '(/ *"!"!'-. Th '! ,+( ') P!)"('# B'(+(, NRI B'(+(, '(/ B%)+()) B'(+(,.

    Th '! :#'+(/ )'!'-# 0#". A- $+!)- P!)"('# B'(+(, /")+-) '(/ A**"%(-) '!

    ,+( 0#".

    P#"$%!* B!'!+ D#-%$'($ !) A&&%u!($

    S,'!+$ A&&%u!(

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    33/40

    HR POLICIES & PRACTICES

    A S'+(,) A**"%(- +-h S"%-h I(/+'( B'( '##") -h *%)-"&!) -" !"%- '## -h+! !)"('#

    $+('(*+'# -!'()'*-+"() +( ' )*%! '(/ *"((+(- '. W+-h -h "! "$ -*h("#", 0')/

    '#% '/// )!+*) -h *%)-"&!) '! (! '' $!"& -h+! S'+(,) A**"%(-. S"%-h

    I(/+'( B'( h') /+$$!(- -) "$ S'+(,) A**"%(- -" )%+- -h *%)-"&!) (/. Th '! ')

    $"##")

    R,%#'! )'+(,)

    P!++#, S'+(,) A**"%(-

    G!"% S'#'! S'+(,) A**"%(-

    J%(+"! S'+(,)

    S'!'# S'+(,

    Y"%-h P#%) S'+(,)

    M'h+#' S'+(,)

    SB +()-

    T#"m D#-%$'($

    E! *%)-"&! *'( '!( ' h+,h! +(*"& "( "%! )%!#%) $%(/) 0 +()-+(, +( ' /")+-

    )*h& "$ -h+! *h"+*. Th B'( !"+/) )*%!+- -!%)- '(/ *"&-+-+ !'- "$ +(-!)-.

    S"%-h I(/+'( B'( !"+/) )*h&) h+*h *"&0+( ,""/ !-%!() +-h ') #+9%+/+-. S'#+(-

    $'-%!) '!

    N"&+('-+"( $'*+#+- +) ''+#'0# +( !)*- "$ '## /")+- '**"%(-)

    I(-!)- % -" R).17777; ! '((%& +) :&-/ $!"& TDS L"'() '! ''+#'0# "( /")+- '**"%(-) % -" 7K "$ /")+- '&"%(-

    S"& "$ -h T!& D")+-) '! ,+( ') $"##")

    '#''(+/h+

    SIB F#:+ D")+-

    SIB T': G'+( 2776

    F')- C')h D")+-

    F+:/ D")+-)

    R*%!!+(, D")+-

    7 P#%) D")+-)

    2.2.2. NRI B!'!+ D#-%$'($ !) A&&%u!($

    T" )%"!- NRI) Th S"%-h I(/+'( B'( "$$!) h+,h !-%!( /")+- )*h&) +( I(/+'( R%)

    %(/! -h *'-,"! "$ NRE;NRO '(/ F"!+,( C%!!(* +( '//+-+"( -" S'+(,) B'(

    A**"%(-).

    NRE R% A**"%(-

    S'+(,) A**"%(-

    SB NRE

    SB NRE P!++#,

    NRE SB P!++#, D+'&"(/ A**"%(-

    Y"%-h #%) S'+(,)

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    34/40

    HR POLICIES & PRACTICES

    MAHILA S'+(,)

    T!& D")+-)

    '#''(+/h+

    F#:+ D")+-

    F+:/ D")+-)

    R*%!!+(, D")+-)

    NRO R% A**"%(-

    S'+(,) A**"%(-

    SB NRO

    SB NRO P!++#,

    T!& D")+-)

    '#''(+/h+

    F"!+,( C%!!(* D")+-)

    T!& D")+-) FCNR

    '#''(+/h+

    P#'-+(%& '#''(+/h+

    F+:/ D")+-)

    Bu$'!#$$ A&&%u!($

    Th S"%-h I(/+'( B'( "$$!) /+$$!(- -) "$ B%)+()) A**"%(-) )%*h ') C%!!(- A**"%(-

    O!/!'$-) ?OD@ C')h C!/+-) ?CC@ '(/ M!*'(-+# C!/+-). Th) '**"%(-) '##" "% -h

    *"((+(* "$ *"(/%*-+(, /'-"/' 0'(+(, "!'-+"() +( '//+-+"( -" "$$!+(, "!+(,*'+-'# *!/+- !9%+!&(-).

    N"!&'# A**"%(-)

    P!&+%& A**"%(-)

    L%!$R#$')#!('* I!)',')u*$

    A) -+& *h'(, (/) '#)" *h'(, '(/ )" /") -h )(/+(, )"#%-+"() ''+#'0#. A) ' !)%#-

    &+(/)- h') '#)" *h'(,/. N"'/') #"'() '! '( +(-,!'# '!- "$ !)"('# $+('(*. I- &')

    )() +( -"/') $+('(*+'# )*('!+". S"%-h I(/+'( B'( $"!)) ! +(/ "$ (/ '(/ "$$!)'!+"%) )*+'# '*',). Th) )*+'# '*',) '! :#'+(/ 0#".

    P#"$%!* L%! Sm#

    I(/++/%'# #"'()

    G!"% L"'()

    V#'&*# *%!$

    M"0+#"'( P!)"('#

    M"0+#"'( C"&&!*+'# M"0+#"'( A,!+*%#-%!'#

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    35/40

    HR POLICIES & PRACTICES

    H%m# L%!$

    F"! R)+/(- I(/+'()

    SIBSh#-!

    F"! N"( R)+/(- I(/+'()

    F"! S(+"! C+-+8()

    SIBSHIELD

    G%*) L%!$

    G"#/ P"!

    G"#/ R%)h

    E)u&('%!* L%!$

    V+->('( P!'/h'( S*h&

    SIB QE:*##(*

    V+/'(+/h+ S*h&

    T#&!%*%+0 P"%m%('%! D"',# %/ S%u( I!)'! B!

    S"%-h I(/+'( B'( h'/ &0'!/ %"( ' &'))+ -*h("#", %

    ,!'/'-+"( /!+ 0 +(-!"/%*-+"( "$ ' C(-!'#+8/ C"! 0'(+(, )"#%-+"(.

    F"! -h+) ' &"/!( D'-' C(-! h') 0( )- % '- "*h+ *"((*-+(, '##

    0!'(*h) +-h '## -h D'!-&(-) '- H'/ O$$+* '## R,+"('# O$$+*) -h T!')%! D- '-

    M%&0'+ '(/ -h IBD '- "*h+. Th+) !"0%)- (-"! $'*+#+-'-) '(h! 0'(+(, N-"!/

    ATM) I(-!(- B'(+(, M"0+# B'(+(, G#"0'# /0+- *%& ATM *'!/ "!'-+"() O(#+(

    -!'/+(, "(#+( )h"+(, -*. Th S+0!-*h !">*- ') #'%(*h/ +-h ' -'!,- "$ *"((*-+(,

    -h 277 "// 0!'(*h) +( -" h')) 0 M'!*h 2774.T"'!/) -h+) (/'"! -h 0'( h') *"(*#%// ' -*h("#", '!-(!)h+ +-h M;) I($"))

    T*h("#",+) L-/ $"! F+('*# -h C"! B'(+(, S"#%-+"( M;) HCL I($" ))-&) L-/. $"!

    N-"! I(-,!'-+"( '(/ M;) WIPRO $"! D'-' C(-! )- % '(/ M'+(-('(*.

    Th S+0!-*h P!">*- ') $"!&'## #'%(*h/ "( J'(%'! 1 2771 0 S!+.N.R.N'!''('

    M%!-h Ch+$ M(-"! I($")) T*h("#",+) L-/ +( ' *"#"!$%# $%(*-+"( '- "*h+.

    Th )-'- "$ -h '!- D'-' C(-! "$ +(-!('-+"('# )-'(/'!/) '- "*h+ +) -h "(# "( "$ +-) +(/

    +( -h 0'(+(, +(/%)-! +( !'#'. A (%&0! "$ /+,(+-'!+) h' +)+-/ -h+) D'-' C(-!

    +(*#%/+(, S!+. A)+& H. P!&>+ Ch'+!&'( M'(',+(, D+!*-"! W+!" L-/.

    P! ) 0'( h') '*h+/ 177K C"! B'(+(, S"#%-+"() 0 24-h M'!*h 277.F%!-h! -"

    )-!(,-h( -h ATM !'*h '(/ ,#"0'# '**-'0+#+- B'( h') +(-!"/%*/ M')-! C'!/ G#"0'#

    D0+- *%& ATM *'!/ h+*h *'( 0 %)/ '- ATM) '(/ &!*h'(/+) '## "! -h "!#/. W

    h' #'%(*h/ +(-!(- 0'(+(, !+&'!+# $"*%)+(, -h +(/++/%'# ') ## ') *"!"!'- *#+(-).

    Th B'( h') '#)" +(-!"/%*/ M"0+# 0'(+(, $"! *%)-"&!) ') ' '#% '//+-+"(. Th '+& "$

    -h B'( +) -" "$$! -h #'-)- -*h("#", /!+( '#% '/// )!+*) -" -h *%)-"&!)+-h"%- *"&!"&+)+(, -h &"--" B#(/+(, T!'/+-+"( +-h T*h("#",.

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    36/40

    HR POLICIES & PRACTICES

    N#> P#!$'%! S0$(#m

    P()+"( F%(/ R,%#'-"! '(/ D#"&(- A%-h"!+- ?PFRDA@ )-'0#+)h/ 0 -h

    G"!(&(- "$ I(/+' "( 23!/A%,%)- 2773 '(/ #'%(*h/ -h N P()+"( S)-& ?NPS@

    '*!")) -h *"%(-! +-h $$*- $!"& 1)-M' 277. PFRDA +) &'(/'-/ -" '*- ') ' !,%#'-"!

    $"! -h ()+"( )*-"!. S"%-h I(/+'( B'( ?SIB@ %"( +##+(,()) '(/ -*h(+*'#

    !'!/()) h') 0( '##"/ 0 -h PFRDA -" '*- ') "( "$ -h P"+(- "$ P!)(* ?POP@

    B'() +( -h *"%(-!. I( $'*- SIB +) -h )+(,# "#/ ,(!'-+"( !+'- )*-"! 0'( -h'- h')

    0( !&+--/ 0 PFRDA '&"(, -h ('&) "$ 22 POP). SIB

    h') +/(-+$+/ 312 )#*-/ 0!'(*h) '*!")) -h ('-+"( -" '*- ') -h P"+(- O$ P!)(*

    S!+* P!"+/! ?POPSP@.

    ?1@ I(+-+'# C%)-"&! I(-!'*-+"( $"! NPS

    ?2@ S%0)*!+0! R,+)-!'-+"(?3@ M'+(-('(* "$ h'!/ *"+) '(/ !*"!/ "$ -!'()'*-+"()

    ?4@R,%#'! )%0)*!+0! *"(-!+0%-+"( $+# %#"'/ "(-" -h C(-!'# R*"!/+(, A,(*

    ?CRA@ S)-&

    ?5@ S%0)*!+0! )!+*+(,

    ?6@ G!+'(* h'(/#+(, +) )"& "$ -h $%(*-+"() "$ -h POP.

    A*-++-+) $"! !"+/+(, '## POP;POPSP )!+*) -" $%## &- -h !9%+!&(-) "$ PFRDA +(

    )!+(, -h *+-+8() "$ I(/+' '! '#!'/ +&(-/ +( SIB.

    O!*'!# T")'!+ SIB#" T")#

    C%)-"&!) "$ S"%-h I(/+'( B'( '! ''+#+(, *'+-'# &'!- )!+*) !)(-# -h!"%,h

    &%#-+# *h'((#). QSIB! T!'/ '--&-) -" "$$! -h!+("( ?O(#+( -!'/+(,@ &"/# $"! -h

    0($+- "$ "%! *%)-"&!) -h!"%,h "%! B'(.

    I!(#"!#( B!'!+S+0!(- +) -h I(-!(- B'(+(, S!+* "$ S"%-h I(/+'( B'( L-/ h+*h

    '##") +-) *%)-"&!) -" ''+# -h 0'() )!+*) -h!"%,h I(-!(-.

    A),!(+#$ %/ S'#"!#(

    O(#+( P'&(-)

    C"(/%*- B'(+(, O!'-+"() $!"& H"%);O$$+*;C0!*'$

    S!+* ''+#'0# $"! 24 h"%!) 365 /') ' '!

    A**))+0# $!"& '(h! +( -h "!#/ %)+(, I(-!(-

    S#",'$ O//#"#) O!*'!# B'** P0m#!($ S%--'!+ M**

    Th+) $'*+#+- ('0#) -h *%)-"&!) -" &' '&(- $"! ,""/);)!+*) -h!"%,h I(-!(-

    B'(+(, "(#+( !'# -+& +( ' )*%!/ '. Th -) "$ )!+*) $"! h+*h -h '&(- *'(

    0 &'/ +(*#%/ -h $"##"+(,

    S#",' C(#+%"0 L'$( %/ M#"&!($ S#",' P"%,')#"$

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    37/40

    HR POLICIES & PRACTICES

    M%'*# B'** P0m#!($ BSNL C##"( ; A+!-# ; I/' ; R#+'(* ; V"/'$"( -*.

    I!$u"! P"#m'um

    P0m#!($

    LIC ; M-L+$ ; TATA AIG ; B+!#' S%( L+$ ; "-' M'h+(/!' ;

    P!%/(-+'# ICICI -*.

    C"#)'( C") P0m#!($ SBI C'!/ ; C+-+B'( C'!/ ; B'!*#') C'!/ -*.

    L%! R#-0m#!( HDFC ; CITIBAN

    D%!('%!$ C"'(0 CRY ; UNICEF

    R#*'+'%u$ O//#"'!+$ G%!%'%! T ; S+/h++(''' T

    E)u&('%!* I!$('(u('%!$ IIM B'(,'#"!

    T%u"$ : T",#*$ T!'#,%!% ; A0'! T!'#) ; M' M T!+ ; Y'-!'.*"&

    O!*'!# S%--'!+ H"& Sh"1 ; S!+ J',/'&0' P'!#) D'#!; S-"!,%!%

    RESEARCH METHODOLOGY AND DESIGN

    STATEMENT OF THE PROBLEM

    T" S-%/ Th V'!+"%) P"#+*+) A(/ P!'*-+*) A/"-/ B Th S"%-h I(/+'( B'( L-/.

    T" )-%/ -h :-(- -" h+*h -h "#+*+) '! 0+(, %-+#+8/ 0 -h ")

    T" S-%/ Th E") P!*-+"( A0"%- Th P"#+*+) A(/ P!'*-+*) A/"-/ B

    Th S"%-h I(/+'( B'( L-/.

    T" S-%/ Th E"!E" R#'-+"()h+.T" S-%/ Th R9%+!&(-) A(/ D&'(/) "$ -h ") A(/ P!"+/

    S%,,)-+"() T" Th O!,'(+8'-+"(

    NEED FOR STUDY

    I( -"/') *h'##(,+(, "!#/ -h 0'(+(, )*-"! +) $'*+(, h+,h *"&-+-+"(. Th

    )*('!+" +) *"(-+(%"%)# *h'(,+(, !'+/#. I- +) +&!'-+ $"! -h *"&'( -" !-'+( -'#(-/

    "# -" ('0# '*h+ +-) "0>*-+) "$ +(-!"/%*+(, (! -*h("#", '(/ '#)" :'()+"(

    !"")/ +( -h ('! $%-%!.HR "#+*+) '(/ !'*-+*) +) "( "$ -h !/"&+('(- ') "$

    ") !-(-+"( ') +- h#) +( %(/!)-'(/+(, -h !9%+!&(-) '(/ )'-+)$+) -h+!

    /&'(/).

    Th )-%/ &'+(# $"*%)) "( ')*-) )%*h ') !*!%+-&(- -!'+(+(, '(/ /#"&(-

    !$"!&'(* '!'+)'# &"-+'-+"('# -""#) !++#,) '(/ 0($+-) #$'! '(/ )'$- '(/

    ,!+'(* )--#&(-. Th )-%/ +) 0')/ "( -h ("#/, '(/ !*-+"( "$ -h ")

    '0"%- -h '!+"%) HR "#+*+) '(/ !'*-+*) '(/ +-) $$*-+()).

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    38/40

    HR POLICIES & PRACTICES

    OB8ECTIVE OF STUDY

    P!+&'! O0>*-+

    T" U(/!)-'(/ Th H! P"#+*+) P!'*-+*) A- Th S"%-h I(/+'( B'(.

    S*"(/'! O0>*-+

    T" I/(-+- -h L# "$ S'-+)$'*-+"( '&"(, E").

    T" I&!" Th W"!+(, S-'(/'!/) O$ E").

    T" I/(-+$ A!') Wh! Th! C'( B S*" F"! I&!"&(-.

    T" G+ S%+-'0# R*"&&(/'-+"( -" S-!'+( -h HR !'*-+*).

    RESEARCH DESIGN

    A !)'!*h /)+,( +) -h '!!'(,&(- "$ *"(/+-+"() $"! *"##*-+"( '(/ '('#)+) "$ /'-' +( '

    &'((! -h'- '+&) -" *"&0+( !#'(* -" -h !)'!*h %!") +-h *"("& +( !"*/%!.

    Th '+& "$ -h )-%/ +) -" $+(/ "%- -h ## "$ ''!()) '&"(, -h " '0"%- -h H!

    P"#+*+) P!'*-+*) '/"-/ 0 -h 0'( '(/ '#)" -" *"($+!& +-h -h+! "+(+"( '0"%- -h

    ))-& h(* +- ') /*+// -" '/"- -h D)*!+-+ R)'!*h D)+,( $"! -h %!") "$ -h

    )-%/.

    D)*!+-+ R)'!*h )-%/+) "!-!' '**%!'-# -h *h'!'*-!+)-+*) "$ ' '!-+*%#'! +(/++/%'#

    )+-%'-+"( "! ' ,!"%. Th )-%/ %(/!-'( 0 -h !)'!*h! +) /)*!+-+ +( ('-%!.

    UNIVERSE AND SAMPLE

    Th $+!)- )- +( /#"+(, '( )' /)+,( +) -" *#'!# /$+( -h )- "$ "0>*-)

    -*h(+*'## *'##/ ') -h %(+!)

    ?'@A!' "$ )-%/

    Th )-%/ ') *"(/%*-/ '- Th S"%-h I(/+'( B'( L-/

    Sm-*# !) $m-*# &"&(#"'$('&$

    ?A@S'+(, )+8

    Th+) !$!) -" -h (%&0! "$ +-&) -" 0 )#*-/ $!"& -h %(+!) -" *"()-+-%- ' )'. Th

    )' )+8 "$ -h !)'!*h +) 147 +( (%&0!.

    ?B@S'+(, -*h(+9%

    Th !)"(/(-) '! +(-!+/ '(/ 9%)-+"(('+! *+!*%#'-/ %)+(, *"((+(- )'+(,

    h! '*h '(/ ! +-& +( -h "%#'-+"( h') '( 9%'# *h'(* "$ +(*#%)+"( +( -h )'.

    TOOL OF DATA COLLECTION

    A S-!%*-%!/ 9%)-+"(('+! ') %)/ $"! *"##*-+"( "$$ /'-'. Th 9%)-+"(('+! *"(-'+(/

    9%)-+"() "( -h $"##"+(, ')*-)

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    39/40

    HR POLICIES & PRACTICES

    1. P!)"('# /'-'

    2. ("#/, '(/ ''!()) "( -h HR P"#+*+) P!'*-+*)

    3. O+(+"( "( -h HR P"#+*+) P!'*-+*)

    4. S%,,)-+"()

    SOURCE OF DATA

    O( "( h'(/ -h )-%/ $"*%)) "( -h *"&"((-) "$ -h H! P"#+*+) P!'*-+*) +- ')

    (// -" ) -h h# "$ )*"(/'! )"%!* ) "$ /'-' +.. 0"") '!-+*#) -" '!!+ '-

    *"(*-%'# *#'!+- "$ -h HR P"#+*+) P!'*-+*) ))-&.

    O( -h "-h! h'(/ -h )-%/ ') '#)" *"(*!(/ +-h $+(/+(, "%- -h ## "$ ''!())

    !'+#+(, '&"(, -h ") '0"%- -h H! P"#+*+) P!'*-+*) -h !+&'! )"%!*) "$

    /'-' +.. -h %)!) '! -'( +(-" *"()+/!'-+"(.

    DATA COLLECTION

    Th /'-' *"##*-+"( ') /"( +( -h &"(-h "$ J'(%'! 2712.-h !)'!*h! !)"('## (- -"

    -h "!,'(+8'-+"( '(/ *"##*-/ -h /'-' $!"& -h !)"(/(-) "( -h 0')+) "$ ''+#'0+#+-. E(

    -h"%,h +- ') ' 9%)-+"(('+! -h !)'!*h! h'/ -" 0 +-h -h !)"(/(-) -" ,+ (*))'!

    *#'!+$+*'-+"() +-h !,'!/ -" -h /"%0-) !'+)/ 0 -h !)"(/(-) "( -h /+$$!(- 9%)-+"()

    +(*#%// +( -h 9%)-+"(('+!.

    SCOPE OF THE STUDY

    I( -h+) )-%/ I "%#/ #+ -" *"(*(-!'- "( -h 0)- %) "$ HR P"#+*+) P!'*-+*) 0 -h

    B'( $"! " !-(-+"( &"-+'-+"(. T" +&!" -h "!+(, *"(/+-+"() -h

    !#'-+"()h+ 0-( Th B"'!/ ") h+*h "%#/ +&!" *%)-"&!) )'-+)$'*-+"(

    '(/ +( -%!( #'/ -" !"$+- &':+&+8'-+"(.

    LIMITATIONS

    Th )-%/ +) #+&+-/ "(# -" -h )"%-h I(/+'( 0'( #-/.

    Th )-%/ +) *"(/%*-/ %(/! -h '))%&-+"() -h'- -h +($"!&'-+"( ,+( 0 -h

    !)"(/(-) '! '## *"!!*-.

    I(-!'*-+"( +-h ") "! :*%-+) +) ! #+&+-/ 0*'%) "$ -h+! 0%) "!

    )*h/%#.

    E") /"(- "( % "! '()! -h $'*-.

  • 8/11/2019 A Study on HR Policies & Practies at SIB LTD

    40/40

    HR POLICIES & PRACTICES