The third largest private sector lender of the country, Axis Bank is all set to keep its employees alert in all their activities. The bank has decided that it will make provisions to terminate those employees who are unable to perform well and also link promotions to the level of output generated by the employee.
The bank has taken these steps to make the human resource policy fall in line with management philosophy of the CEO of the bank, Ms Shikha Sharma.
"If at the end of the appraisal there are any non-performers, they will be put under a coaching programme or given a change in job profile," Axis Bank ED Snehamoy Bhattacharya said.
"If despite all this they fail to perform, there is an enabling provision for termination of services."
The bank has been going through major transformatory changes since Ms Sharma took its charge.
The bank plans to hire 1,000 more staff.