I completely agree with the writer.Having completed my MBA in 2005 from a top 15 MBA school and then in my first job in marketing of a regional based PSU bank having pan india presence,i found that the going is very tough in a govt organisation.I found that there are several obstacles in the system.One of them is the flow of information only from the top to the bottom and the absence of any feedback mechanism in the reverse direction. the only reverse flow is in the form of weekly reports,which are at times nothing but a bunch of lies in the form of numbers only.And i wonder and pity how the finance minister is planning to implement incentive based pay in PSU banks without a proper system in place.The other problem is the wide generation gap between the old employees and the young,new ambitious ones just out of B-schools.The third problem is the high attrition rates in the banking industry.No wonder that about two third of the people who joined the bank about two and a half years ago as marketing officers(all MBA grads) have left it inspite of having a five year bond,the primary reasons for doing so being the absence of job satisfaction.Hope that things improve in near future.
