Objective
To define the categories and capacities in which people are employed by or associated with the company
Process
The Head HR based on industry practice, Company guidelines and business requirements finalizes the categorization.
Categories of Personnel
Probationer:
A person who is put through a probation period (usually 3 months) from the time of joining to assess his/her compatibility to the job and culture of the company.
Contract Employee:
Any person hired by the company on limited duration contract.
Permanent Employee:
A person who has successfully completed his/her probation period and / or whose services the Company has confirmed in writing
Volunteer:
A person who is freshly qualified or new to the industry may be taken as a volunteer usually for a specified period of 1 month/ 3 months and can be considered for permanent employment in appropriate work -level based on performance during training.
Consultants:
Persons associated assigned projects/tasks for a specified time / towards specific deliverable.
Summer Trainees / Project trainees:
Persons undergoing practical training with the company, as a part of their academic curriculum for a period ranging from 1 to 6 months
Grades and Designations:
The permanent employees of the Company shall be in any one of the following grades:
Designation, Grade / Bands
Designation | Grade |
Band |
Field Executive |
5A |
Band 5 |
ABM/ Sales Officer/ Relationship Officer/ Assistant |
5B |
|
MBM |
4A |
Band 4 |
BM/Executive/ Jr. Credit Executive |
4B |
|
SBM/Sr. Executive/ Credit Executive |
4C |
|
TM/Asst. Mgr/ Unit Manager |
3A |
Band 3 |
RM/ARM/Manager/ Sales Manager |
3B |
|
Senior Mgr/ Zonal Manager |
2 |
Band 2 |
CXO |
1 |
Band 1 |