JOB ROTATION IN BANKING SECTOR by Thamali MBA24#
JOB ROTATION IN BANKING SECTOR
As per the Bank rule, the staff get rotated in every six months and the officers get rotated in every 3 years. The flexibility and consideration is been given and those individual who have physical deficiency have no job rotation.
Bankers are spending stressful life in their jobs. They have lot of responsibilities to the various parties such as Internals and outsource parties. They have responsible to the section in charge officers, managers, regional managers, and to the top management. To avoid stress, shortages, mental well being, one and only option is job rotation in the bank. Job Rotation implies systematic movement of employees from one job to the other. Job remains unchanged but employees performing them shift from one job to the other. This is described as job rotation. With job rotation, an employee is given an opportunity to perform different jobs, which enriches his skills, experience and ability to perform different jobs. However, the jobs offered under job rotation are more or less of the same nature. As a result, he will be skilled to a new job which is more or less similar to his earlier job.
What we expect through job rotation?
ü To create a career path for employees in the bank by rotating their work profile from dead end job
ü To provide the employee opportunity to gain new knowledge and job processes.
ü To enhance the understanding of the employees about all round working of the bank.
ü To keep employee motivated and productive, throughout their journey in their career.
ü To create unity among employees by providing them a chance to work with each other on different tasks.
ü To provide a cross training via job rotation and make all staff’s knowledge in same level.
Figure 1: Image of the job rotation
Types of Job Rotation Process
There are two types of job rotation methods using in the bank sector
- Task rotation- The employees who are working on mentally stressful job or physically demanding job are usually given a task rotation. In such cases the employees are shifted from stressful job to less demanding job to provide a break from routine work.
- Position rotation- In the case of position rotation the designation, location or department of the employee is changed by the Bank. This provides an opportunity to the employee to gain different skills, knowledge and new work perspectives. Further this has two types namely cross functional rotation and function rotation. During function rotation the responsibilities and area of operation of employee remains same. While under cross functional rotation the level and job responsibilities of the employee are changed.
Figure 2: Types of job rotation
Advantages and Disadvantages of the job rotation
Advantages:-
o Give employees a break from stresses of his duties.
o Helps to identify where the most suitable place as his work ability is.
o Reducing boredom of the employees.
o Developing the employee’s career.
o Employee will organize a backup plan if he will leave the branch/ workplace.
Disadvantages:-
o Could make an unsatisfied employee.
o Can be cost wasting and time wasting.
o Some employees will not engage to the new place as manager’s expectation.
o Department will lose many customers and bank will suffer about the decision.
o It won’t fix all HR problem and it will be start of the troubles, mess-ups……etc.
Job rotation is not only another transfer in the banking sector today. Job rotation strategy required focus on the outcome. That means job rotation expect to keep efficiency to gain bank’s final targets. It can be used as a best tool to bring fresh ideas and infuse new energy in to the existing operational process.
References
Anon., 2017. HRhelpboard. [Online]
Available at: https://www.hrhelpboard.com/hr-policies/job-rotation-policy.htm
[Accessed 10 April 2022].
Anon., 2022. Patriot.
[Online]
Available at: https://www.patriotsoftware.com/blog/payroll/5-advantages-disadvantages-job-rotation-strategy/
[Accessed 10 April 2022].
In order to implement a successful job rotation, there should be benefits to both employer and employee. Basically, job rotation should be mutually beneficial to both parties. Willingness of both employer and employee is also essential to implement a successful job rotation.
ReplyDeleteOnce both parties are okay with the process of job rotation, Organization should make sure that said rotation would not negatively impact organizations performance. As an example, if all the employees are sent for job rotation, it will cause disruptions to operations, hence authorities must carefully handle the job rotation.
As a banker,I perfectly agree with your comments.
Good job Thamali..
This is a recent and vital role, job rotation is expected to maintain efficiency in order to achieve the bank's end targets, and it may be utilized as a best weapon to bring fresh ideas and infuse new energy into the present operational process. Well explained i got new ideas by reading this article. Wish you all the best!
ReplyDeleteAs bankers, we need to rotate our employees in a timely manner. Here are the advantages and disadvantages . We often experience this disadvantage because rotating a well-trained employee for a task can be a big problem for companies like ours that run a customer service. Very good topic. Good luck👍
ReplyDeleteJob rotation is one of the most effective strategies to reduce boredom caused by a boring and monotonous work schedule, as it helps to renew employees' enthusiasm and pushes them to perform even better. Good Luck.
ReplyDeleteActually, something very new which I learnt from the above blog is that, Bankers require a job rotation. This has both pros and cons. This article is a good eye opener.
ReplyDeleteJob rotation is well practicing in bank and even in other sectors. Staff every time press and upupdate with others ideas . Good article & well explained .
ReplyDeleteWell explained about the Job rotation in banking sector and its effects. Great work keep it up.
ReplyDelete