State Bank of India — the country’s largest lender — is introducing a performance management system for its 1.70 lakh employees to build individual accountability. “For the first time in SBI, every employee (officers and clerks) can view their monthly performance against assigned targets. There is data driven and meaningful differentiation based on performance and it lays the foundation for a deep meritocratic culture,” according to a statement from the SBI. The total employee strength of SBI is over 2.13 lakh.. While the bank said every employee will be groomed to get a unique mix of all-round banking exposure and expertise in an area of his or herchoice, officers will have the flexibility to opt for and build expertise in their areas of interest like credit, information technology and treasury..
The bank is also leveraging the social networking platform Facebook to encourage peer-to-peer interaction and help build new relationships within the community from an employee's first day.