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High attrition rates in private sector banks has increased the appeal of public sector banks (PSBs) for job seekers. HDFC Bank, Axis Bank and Kotak Mahindra Bank have all recorded attrition rates between 34% and 50%, whereas PSBs such as State Bank of India, Bank of Baroda, Punjab National Bank, and Canara Bank have experienced attrition rates of less than 5%.
Banking bellwethers, who account for over 30 percent of the sector’s workforce, tackled 26 percent attrition and raised their collective headcount by 16 percent, going by data from staffing firm Xpheno.
The Covid-19 pandemic has led to a significant shift to remote working practices, impacting the gender balance of workforces as surveys have indicated that many women would consider quitting if remote working ended. According to HR executives, employers offering some degree of flexibility stand to benefit by retaining a more diverse pool of talent.
HDFC Bank Launches Special Recruitment Programme 2023: Candidates can apply for the programme via HDFC Bank Future Bankers Website.
HDFC Bank Opens Doors to New Recruits with a Special Recruitment Programme Future Bankers 2.0 launched along with Manipal Global... | May 24, 2023