State Bank of India (SBI), the largest lender in India, announced its plans to modify its leadership programme to aid senior executives who have worked for the company for at least 15 years in their preparation for senior management positions.
In addition to providing senior executives with professional development opportunities, the action will promote effective succession planning and easy inter-vertical transition, according to the document requesting bids from consultancies ready to work with SBI in establishing the programme.
Before being considered for promotion, executives must undergo an evaluation of their skills to create individual development plans, it stated.
“It is crucial that executives being considered are examined for core abilities desirable for handling the job in mind and take informed judgement and also grasp development requirements of the pool assessed,” it stated. “This will ensure sustainable competitive advantage.”
The programme suggests completing cognitive and psychometric tests to find behavioural abilities.
The talent evaluation organisation is expected to plan and carry out online tests that are centrally administered and open to everyone. Following the mapping of proficiency levels, the programme will provide developmental feedback and establish personal development plans, according to SBI.
To allow persistent learning, the development intervention must include microlearning courses, activities, and video cascades to participants on a weekly basis. The document stated that the journey’s content would need to be tailored to the banking, financial services, and insurance (BFSI) industry in general and SBI in particular.