Podcast
Questions and Answers
What is the requirement for an employee to receive a cash incentive and fee reimbursement?
What is the requirement for an employee to receive a cash incentive and fee reimbursement?
Which of the following is NOT true about the reimbursement claims for Executives?
Which of the following is NOT true about the reimbursement claims for Executives?
What is the minimum period an employee must serve the Bank after receiving reimbursement for Group-I & II courses?
What is the minimum period an employee must serve the Bank after receiving reimbursement for Group-I & II courses?
Which statement is true regarding the Professional Banker Qualification?
Which statement is true regarding the Professional Banker Qualification?
Signup and view all the answers
What happens if an employee does not fulfill the service requirement after receiving reimbursement?
What happens if an employee does not fulfill the service requirement after receiving reimbursement?
Signup and view all the answers
What is required for Officers to work in the identified areas?
What is required for Officers to work in the identified areas?
Signup and view all the answers
What happens to Officers who fail to acquire relevant certifications within the prescribed timelines?
What happens to Officers who fail to acquire relevant certifications within the prescribed timelines?
Signup and view all the answers
What is the deadline for Officers to complete their certification courses?
What is the deadline for Officers to complete their certification courses?
Signup and view all the answers
How has the process for claiming incentives and reimbursements changed as part of the HR digitalization?
How has the process for claiming incentives and reimbursements changed as part of the HR digitalization?
Signup and view all the answers
What informs the placement of Officers after they acquire certifications?
What informs the placement of Officers after they acquire certifications?
Signup and view all the answers
Study Notes
Officer Certification and Deployment
- Officers deployed to specific areas must have relevant certifications before posting.
- Existing officers without certifications must acquire them within six months or the course duration, whichever is longer.
- Failure to obtain certifications within the set timeframe leads to redeployment to different areas/functions.
Incentive Scheme for Capacity Building
- Modified "Incentive Scheme for Capacity Building for Officers and Clerical Employees" aims to enhance skill development.
- Eligible courses categorized into Group-I, Group-II, and Group-III, detailed in provided annexures.
- All incentives and reimbursement claims for capacity building are processed via the updated HRMS system as of 03.06.2022.
Claim Submission Process
- Claims must include course completion certificates and relevant documents through the HRMS.
- Employees must sign a 'Letter of Undertaking' to remain with the Bank for set periods post-reimbursement, or refund received amounts if they leave earlier.
Duration of Service Commitment
- For Group-I and II courses, the commitment is two years or until retirement; for Group-III courses, it's three years or until retirement.
Reimbursement for Executives
- Claims for executives processed by the PM Section of the HR Wing.
Professional Banker Qualification
- Indian Institute of Banking & Finance (IIBF) offers Professional Banker qualifications in five specializations: Credit, Treasury, Accounting & Audit, IT, and International Banking.
- Each specialization requires a registration fee of Rs. 1,000 plus applicable taxes.
- This qualification is not eligible for reimbursement or cash incentives but can be added to the employee's HRMS profile.
Certification Course Examples
- Certificates available in various domains such as Credit Management, Risk Management, Treasury Management, and Insurance.
- Specific certifications include:
- Credit Management (NIBM, Moody’s Analytics)
- Financial Risk Management (GARP)
- Information Security (ISACA)
Submission and Approval Workflow
- Employees submit claims through the HRMS by uploading scanned certificates and mark sheets.
- Immediate supervisors verify and forward claims to the HRM section.
- HRM verifies claims before sending to the Sanctioning Authority for final approval.
Payment Release
- Approved payments are processed through the Capacity Building Scheme account.
- Notifications are sent to employees upon sanction of their claims, with updates reflected in HRMS profiles.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
This quiz explores the policies and procedures related to the deployment of Officers in Human Resources. It focuses on the importance of relevant certifications and the challenges in positioning employees without the necessary qualifications. Test your knowledge of certification protocols in human resources management.
