Private banks pay hike in the impending threat of attrition in favor of new banks - February 25, 2013

HDFC, ICICI and IndusInd banks are giving away pay hikes to their middle and lower management staff as many new private banks are to enter the study.

HDFC, ICICI and IndusInd banks are giving away pay hikes to their middle and lower management staff as many new private banks are to enter the study. The expected demand for skilled staff is expected to be 7000 and the existing banks are worried that these new banks may lure their talent by offering better pay, perks and benefits. This new change in the Banking sector is also expected to create 3000 jobs in the IT sector.

Source: www.economictimes.com, February 25, 2013. “Banks like ICICI, HDFC to give big hikes to ward off poachers, advent of new banks to perk up demand”

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