The State Bank of India (SBI), India’s largest lender, plans to revamp its leadership programme to help senior executives who have been with the organisation for at least 15 years prepare for senior management roles, according to the bank.
According to the document seeking bids from consultancies interested in partnering with SBI to develop the programme, the move will facilitate effective succession planning and smooth inter-vertical transition, as well as provide senior executives with career development opportunities.
“For ensuring sustainable competitive advantage, it is important that while entrusting higher responsibilities to the senior officials, executives being considered are assessed for key competencies desirable for handling the position in reckoning, and take informed decision and also understand development requirements of the pool assessed,” it said.
The programme proposes conducting cognitive and psychometric tests to identify behavioural competencies.
The talent assessment firm is expected to design and administer online assessments that are administered centrally and have concurrent access for all participants. SBI stated that once proficiency levels are identified, the programme will provide developmental feedback and implement individual development plans.
According to SBI, its human resources are one of a kind, and it is one of the few organisations in India with a diverse pool of employees from various regional and cultural groups.It also has a well-established structure for managing human resources, reviewing schemes and policies on a regular basis, and developing strategic interventions for improvement.