Indian Overseas Bank Employee Reviews about "hr policies"

Updated 6 Jan 2020

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3.2
49%
Recommend to a Friend
47%
Approve of CEO
Indian Overseas Bank Managing Director and CEO  Karnam Sekar
Karnam Sekar
7 Ratings
Pros
  • "Public sector bank - challenges with job security(in 15 reviews)

  • "It is one of the most customer friendly public sector bank(in 8 reviews)

Cons
  • "Excessive interference of Union for Employee transfers which undermines the business motive of the bank(in 7 reviews)

  • "Bad HR policies at different levels(in 5 reviews)

More Pros and Cons

Reviews about "hr policies"

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  1. "Average"

    3.0
    Current Employee - Anonymous Employee 

    I have been working at Indian Overseas Bank full-time

    Pros

    Training given to employees are good

    Cons

    Bad HR policies at different levels

  2. Helpful (1)

    "Manager"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Positive Outlook

    I have been working at Indian Overseas Bank full-time for more than 5 years

    Pros

    Good learning environment. Self motivated can work here

    Cons

    No transparent hr policies. South based bank. People from north may find difficult in getting home postings

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  3. "Archaic organization with high nepotism."

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Indian Overseas Bank full-time

    Pros

    No pros to mention here

    Cons

    Nepotism,archaic HR policies,no work life balance

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  4. "pros and cons of a PSB"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Manager in Nashik
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I have been working at Indian Overseas Bank full-time for more than a year

    Pros

    PSB gives job security, no tergets as in private banks, but got to implement government schemes channeled through banking.

    Cons

    poor posting policies,poor training quality,salary hike is fixed, stagnant work profile,slow career growth, dissatisfying HR policies.

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  5. Helpful (2)

    "Life at IOB"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Indian Overseas Bank full-time for more than a year

    Pros

    Public sector Bank, Job security, Working hours from 10am to 5pm or 9am to 4pm Working all over India and even abroad will make people blend to every work culture and tend to see vast type of customers which enhances the quality of work we

    Cons

    Humongous internal politics, nepotism, influences at every level and for every matter Poor knowledge management, Extremely poor work culture and working conditions, Lethargic staff starting from clerical cadre to top management cadre, Nobody wants to take responsibility for their position, Ill-treatment of freshers, Big generation gap since there was no recruitment for more than 20 years. Many incapable superiors unfit in their positions, just come up due to unplanned and unrealistic HR policies and politics without taking into consideration the organisation's position in the market. Union - Association influence over non-performance (main cause for non-performance) Extremely unfit employees at a higher level than they deserve hardly showing signs of knowledge expected at that level, have only spent time at the office but have never gained any knowledge or even experience for that matter, in my opinion. Many talented people feel comfortable to stay in the clerical cadre, refuse to take promotions which seems to be the right thing to avoid politics in this organisation. An officer/manager is expected to do work of a sweeper, attendant, driver, clerk, officer and his superior. Once a while can be ok, but to do it regularly, it sucks big time. Especially a new comer is warmly welcomed to do most of the job outside his/her jurisdiction/department and is never being appreciated / considered for having done that extra heavy work along with their work. In fact they are ill treated by those superiors in spite of the good work done. Only a few recognise.

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