Bank Employees’ Salary To Be Linked With Performance; Unions Say No Way!
Bank employees’ salary will be now linked with performance
A new revolution is soon going to hit the Indian banking sector as few Public sector banks have recommended a new salary model: No performance, no pay!
Quite obviously, employee unions have opposed this decision, with full vigor.
Will banks embrace this new change?
Performance Linked Salary Structure In Banks?
Three of the largest public sector banks: State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) have suggested a performance-based salary for senior bank officials.
This would be modeled on the existing performance-based salary structure of some key senior positions in private banks.
As per incoming reports, this performance-based salary structure will be applicable to only those who are above the general-manager grade position.
However, if we believe rumors, then this model can be soon applied to all banking jobs.
The rule shall be simple: Deliver on the tasks, and get your salary. No performance, no salary.
PNB Managing Director and Chief Executive Officer Sunil Mehta said, “The bank is seriously thinking of introducing a system of performance-based incentives for officers above the general manager grade. There will be a component of fixed and variable pay. But it will evolve slowly.”
Please note here, that as of now, this is only a suggestion. Govt. must approve this to make it happen.
Employee Unions Say No Way This Can Happen!
Quite predictably, employee unions have opposed this move.
As per Ravinder Gupta, joint general secretary, All India Bank Officers’ Confederation, banks cannot evaluate exact performance metrics, and this model will fail.
He said, “We are not in the corporate sector, where people are hired for performing a particular job.”
The Union is demanding one-rank-one-pay, and there have been some heated debates on this issue in the past.
Wage increment for all employees higher than scale-III officers or up to the senior manager level is already on, and now, the recent performance-based salary issue has come up, triggering ideology clash between employee unions and the management.
Generally, such salary negotiations and wage issues are settled between the Indian Banks’ Association (IBA), the bank’s management and trade union body United Forum of Bank Unions (UFBU).
Going by the stand taken by these employee unions, it can be tough for the Govt. and the banks to implement performance-based salary model.
Do you think bank employees should be paid based on salary? Which other sectors should have this performance-based salary? Do let us know by commenting right here!
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Is Google Slowing Down YouTube On Firefox, Edge? Big Blow To Net Neutrality!
Youtube being slowed down by Google?
Internet giant Google has been accused of slowing YouTube algorithms on non-Chrome browsers. As per the Mozilla engineer, the company has recently redesigned its YouTube platform to make it intentionally slow.
Chris Peterson, Mozilla’s software technical program manager brought up a storm by tweeting about how Google is ruining net neutrality.
As per the reports, YouTube is slowing down on non-Chrome browsers like Mozilla Firefox and Microsoft Edge. Some videos were shared online which showed YouTube loaded at a fifth of the speed on the non-Chrome browsers due to its latest architecture.
Google is using a pre-Polymer architecture for the YouTube on Edge and Firefox, which is believed to be slower compared to the one Google uses for the YouTube on Chrome.
Google responded to the tweet and said that the overall YouTube performance on both Firefox and Chrome are the same. It’s the same architecture for all after Google redesigned the YouTube site based on the latest metrics.
Google said, the new redesign will help the site to run faster at lower bandwidth speeds. The company has been repeatedly working on several metrics to make YouTube faster, regardless of the browser one uses.
The Battle For The Best Browser – Mozilla & Google
Google added, that company is not perfect with everything and recently fixed some bugs that will help to speed up the Firefox performance. The current situation with the performance of bugs may be impacting the users for the speeds.
For Mozilla, the company said that the company will continue to work on its standard Shadow DOM and Custom Elements APIs.
Mozilla spokesperson said that the company is working with the Google YouTube team, as the Firefox browser will be migrating how the standard APIs are being optimised. It added, the Firefox community will continue focusing on how the browser can keep improving the overall user-visible performance for all the sites, including YouTube.
Last month, YouTube reported that the company has grown phenomenally in the last few years. The video streaming company registered 1.8 billion viewers every month with over 400 hours of video were uploaded to the site every minute in the last quarter.
Being one of the most visited sites in the world, the service performance of YouTube is a vital factor for users to use a browser.
Google Chrome is Winning
Coming to web browsers all around the world, Google Chrome is winning by a huge margin. It’s the popular web browser holds for 59 per cent of the total website usage worldwide.
Whereas if compared to Chrome, Firefox only holds for 5 per cent of the total usage and Edge only has 2 per cent.
So, What About Net Neutrality?
Starting with Apple, they
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