There was a time when banking industry, particularly State Bank of India, was an eye sore in the matter of salary structure for different categories of staff serving in the Central Government and various banks in the country. The banking industry as a whole and State Bank of India in particular were known as the best pay masters to their workforce. It’s just quite different a scenario now and the employees in banking industry are at a lowest ebb. Employees in other organisation cried, and genuinely so, for parity with State Bank in terms of wages including allowances and Pension. It was done, but why should there be any disparity now targeting banking industry extending favour to Central Government staff. They are better paid, it is welcome, but why not apply the same scales, as the so called principle of parity demands, to the banking industry. The gap, as the table given below shows, is more than double at certain stages. The wages calculated in terms of new allowances and perquisites at the latest level have further increased the level of gap. I am on collection of latest available data in the matter to be published later on in this very blog.
|Categories||Central Government||SBI/ Other Banks||Difference|
- Source –SBI Elders Voice, December’2012.
- Amounts shown are on the monthly average basis.
- Categories vary designation wise, but they are given here in the generalised manner.
- ‘Difference’ Column shows the plus factor the Central Government employees are enjoying in comparison to those serving in different banks.
- Comparisons are shown based on the last pay revision agreements in 2009.
If slogan of equality measures, it is very much the turn of the bank employees now to be extended the required benefits, which they very much deserve. There are several instances when the freshers joining the bank’s service quit their job the moment they come to know of the real monthly emoluments payable to them by way of their salary. This is actually for the respective unions/ federations operating in the banking industry to more vigorously launch the required movement for the purpose. This has to be done both in respect of the salary and allowances and also the pension/family pension payable to the retirees.