New HR framework planned by Bank of India

Reported by: |Updated: April 18, 2018

Bank of India has notified the requirement of a consultant for the implementation of an integrated HR framework in the bank. The selected consultant would advise the bank in defining the requirements of the framework, and formulation and implementing of the framework and for carrying out of various new HR initiatives required to be undertaken for implementation of the said framework over a period of 18 months. Some of the  broad  objectives identified by the bank for  HR  intervention, as  it  embarks  on  its journey to become the most admired bank in the country are (i) to initiate and institutionalize a transparent and credible technology driven performance management policy, process and practice; (ii) to shape the practices of leadership potential assessment and leadership development; (iii) to  identify  and  develop  a  leadership  pool  for  middle  and  senior  management  cadre  to  help  it  in succession planning at top management level and to develop a comprehensive knowledge, skill and behavior development and its delivery.



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