India’s largest private bank HDFC Bank has taken a big decision. HDFC Bank has reduced the notice period of employees leaving the company from 90 days to 30 days.
India’s largest private bank HDFC Bank has taken a big decision. HDFC Bank has reduced the notice period of employees leaving the company from 90 days to 30 days. It is being said that the purpose of this change is to ensure that employees get more flexibility. However, different people have different opinions regarding this on social media.
What has the bank said?
A screen shot of an email sent by HDFC Bank is becoming increasingly viral on social media. The HR department of the bank has written in the email – ‘Dear friends, we would like to inform you that the notice period of all confirmed employees resigning from the company has been reduced from 90 days to 30 days with immediate effect. The notice period of the employees who are on probation will remain the same as before, 30 days. All other conditions of employment will remain the same as before as per the agreement.
ICICI Bank also did this
HDFC is the second private bank to reduce the notice period. Earlier, ICICI Bank has also reduced the notice period of its employees in 2020. At the same time, there is still a notice period of 90 days in many public sector banks including State Bank of India, Punjab National Bank, Bank of Baroda, Kotak Mahindra Bank.
Different reactions on social media
Different things are being said on social media regarding reduction in notice period by HDFC Bank. Some people believe that this will benefit both the bank and the employees. Employees will not have to stay for long even after resigning, while the bank will see better productivity because most of the people work half-heartedly during the notice period. Some people are also seeing the reduction in notice period as making it easier for employees to leave the company. He is linking it to recession and is saying that preparations for the same are going on.
