| Query : |
SEBATICAL LEAVE IS SOUGHT TO BE PART OF THE PROPOSED VRS PACKAGE FOR BANKS. WITH 40 yrs AS THE CUT OFF FOR VRS, ASSUMING 5 yrs LEAVE, I THINK THE OFFICIAL WILL RETURN TO A TOTALLY NEW ENVIRONMENT IN THE BANK, CONSIDERING THE FAST CHANGES GOING ON IN THE INDUSTRY. HE WILL FIND IT EXTREMELY DIFFICULT TO COPE UP WITH THE CHANGES SCENE. RE-TRAINING HIM WILL BE A COSTLY AFFAIR TO THE BANK WITH THE REAL COST EXCEEDING THE SAVINGS DURING HIS LEAVE PERIOD.
THE BETTER OPTION WOULD BE TO OFFER SEBATICAL AS A SEPARATE PACKAGE FOR COST-REDUCTION, TO OFFICERS IN THE AGE GROUP BETWEEN 20 AND 30, FOR WHOM RE-TRAINING COST WILL NOT BE HIGH.
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