Currently Axis bank is witnessing a gross change in its functioning, which is reportedly resulting in a high rate of attrition seen among the staff. Meanwhile some 15,000 employees are reported have put in their papers within a short span of time leaving the bank’s branches struggling to meet the workload. Furthermore observers point out that the induction of amitabh Chaudhry as the Chief Executive and the changes he has embarked on the way the bank used to function have put excessive pressure on several officers who have opted to leave Axis bank than absorb the pressure.

 

Reportedly the bank has 72,000 employees and 11,500 had resigned in the last financial year alone. The management at the bank itself is defending these moves and the statement put out by them in response to this high rate of attrition is that the numbers may be slightly higher but not so alarming and the rate of attrition this year has been 19% while the average is around 15%. Further the other aspect being pointed out by the bank is that they have been going about hiring more employees and a total of 32,000 staff would have been hired by the time this financial year gets over on march 31, 2020. With the resignations also taken into account, the net hiring will stand at around 12,800, the bank says.

 

Moreover the management at the bank itself is defending these moves and the statement put out by them in response to this high rate of attrition is that the numbers may be slightly higher but not so alarming. Perhaps the rate of attrition this year has been 19% while the average is around 15%.

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