SBI Main Investors

Annual Report 2019-20

OUR INTELLECTUAL CAPITAL:

OUR PEOPLE

influencing a performance-driven culture

Our people are the drivers and enablers of all our accomplishments. Maintaining strong and healthy relations with our employees is fundamental to our success. As our most valuable capital, we nurture and invest in our people so that they can develop and grow in tandem with the objectives of your Bank.

As our most valuable capital, we nurture and invest in our people so that they can develop and grow in tandem with the objectives of your Bank.

We believe that people with different perspectives and life experiences make our organisation even more powerful. To this purpose, we are ensuring that our employees operate in a diverse and inclusive environment in their workplace. We believe that the culture at SBI is developed and shaped by our several employees across the globe, who serve our customers with a unified purpose.

We aim to attract, develop and retain the best people in our organisation. Towards this end, we have established a dynamic Career Development System that helps to generate improved transparency, inclusiveness, responsibility and effectiveness in our process. The system has proved to be highly effective in ensuring a credible data-backed performance evaluation process. It has alsoresulted in aligning individuals more precisely to our organisational goals. We have also implemented a mid-year online feedback mechanism to drive the performance review process. In addition to this, we have a Succession Planning policy for the senior leadership position to maintain a smooth transition at all prominent executive-level positions.

At State Bank of India, engaging and interacting with our employees is fundamental to our long-term growth and development. Hence, we take many measures to proactively engage with our employees. Firstly, we have established ‘Sanjeevani’, which is a helpline for redressal of staff grievances. It also extends counsellor support, which is a measure to enhance employee morale. Secondly, we have conducted the most extensive employee engagement initiative ‘Abhivyakti’, to determine the factors that motivate employees to deliver their best performance, and also the ones that hinder their productivity. The initiative recorded participation of 1,91,881 employees, making ‘Abhivyakti’ the largest ever engagement program conducted in any organisation in India.

For several years now, we have recognised the importance of measuring progress around our gender diversity agenda. We continue our efforts to advance women in our workplace. As of today, 25.28% of our total workforce are women.

As we move forward, our focus remains on enabling an engaging work environment that will encourage long-term retention and contribution. We believe that the seamless contributions of our people drive our growth. Going forward, we plan to keep investing in them in making the State Bank of India an excellent place to work.
2,49,448

Total workforce

25.28%

Women employees

2,00,000

Employees trained annually

We believe that the culture at SBI is developed and shaped by our several employees across the globe, who serve our customers with a unified purpose.