The wage revision for employees and officers of the public sector banks is due from November 1, 2022.
The early wage revision would help improve working conditions and incentivise the banking sector employees, the official said.
Further, the official said, the finance ministry has asked IBA to ensure that all future wage negotiations should be finalised before the beginning of the subsequent period so that the wage revision could be implemented from the due date itself.
As a part of the settlement, the IBA is expected to engage in dialogues with the employees' Unions/ Associations and work out to arrive at a mutually agreeable wage settlement.
3 comments:
Big drama, beggars never get anything
Donot start next bipartite talks until reitiers pension updation is done
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