I have been following government banks from quite a long time now and I myself been preparing for these banks. I would like to ask everyone through this blog especially all those who are in this industry. Why the salary structure of government banks is not at par with big IT companies and MNC's. I have seen many people working in private organizations with extremely handsome package with just 2-3 years of experience, but even after an experience of 5-6 years in banks, a person earns just 25000-30,000 and that too with frequent transfers, low growth, no international exposure, no tie ups with leading universities of the world for imparting quality education to employees, no tie ups with foreign banks for imparting formal training to working employees, no motivating schemes like pay for performance to increase the sense of competition among employees. Can anybody tell me that how will a person make a house of his own in every city if he gets a transfer after every 2-3 years. He will have to live in rented house till his whole life, then where is the settlement of life, what will he do for its children's, will he give pain to his parents in their old age by taking them every different place in their whole life. why our government doesn't understand this and why the bank authorities.
