EXCLUSIVE: YES Bank's workforce shrank by 1,000 employees since March but now it's hiring again for the coming year

EXCLUSIVE: YES Bank's workforce shrank by 1,000 employees since March but now it's hiring again for the coming year
YES Bank is looking to hire for the coming yearBCCL

  • YES Bank is looking to hire after its workforce shrank by 1,000 employees since March.
  • The private sector bank is mostly looking to hire for digital, marketing and credit underwriting.
  • In an exclusive interview with Business Insider, YES Bank CEO and MD Prashant Kumar shares what the bank is looking for in its hunt for new talent.
The number of total employees at YES Bank has come down by almost 1,000 since March, but that is at par with the private sector entity’s natural rate of attrition seen every year. The good news is that it's on the hunt for new talent with an impetus on digitalisation, marketing and credit underwriting.

“Wherever there is a shortage, we are hiring,” said YES Bank’s CEO and Managing Director Prashant Kumar in an exclusive interaction with Business Insider on a #HangoutwithBI Twitter live.

The dip in the bank’s workforce was not because of layoffs, but because people had quit voluntarily. “Some of them had put in their papers in early 2020. We did not replace them,” said Kumar.
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According to him, YES Bank is now looking to push on digitisation, which has become more relevant in the COVID-19 era. “We have tried to streamline processes. With less number of workforce, we’re able to do more,” he said.

TransactionsPercentage
Digital channels90%
Bank branches10%

YES Bank also pivoted to adopt a method to digitally onboarding customers, both in terms of liabilities and on the loan side, due to COVID-19. “Customers can open a digital account through video KYC. With very few employees and small costs we are able to acquire,” said Kumar.

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YES Bank is hiring
Most companies, YES Bank included, weren’t too aggressive about hiring when the coronavirus pandemic initially broke. The reason YES Bank is back on the wagon is that it wants to grow and have the right people in place before the next financial year kicks off.

“Hiring is something that takes a little bit of time in terms of getting the right kind of person, onboarding, and getting the person ready for the specific role,” explained Kumar.

Employment opportunities and job vacancies at the bank can be found on its official website. YES Bank is looking for candidates who are innovative, have basic skills, work hard, would like, and to pursue a career in banking. However, Kumar points out that a certain minimum level of experience is required.

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Here’s a quick look at some of the posts that YES Bank is looking to fill:
PostDepartmentLocation
Senior Vice PresidentBusiness and Digital Technology Solutions GroupMumbai
Vice President Business and Digital Technology Solutions GroupMumbai
Assistant Vice PresidentBusiness and Digital Technology Solutions GroupMumbai
Senior ManagerBusiness and Digital Technology Solutions GroupMumbai, Gurgaon
Senior Vice PresidentCentral Data and Analytics GroupMumbai
Vice PresidentCentral Data and Analytics GroupMumbai
Assistant Vice PresidentCentral Data and Analytics GroupMumbai
Executive Vice PresidentRisk ManagementMumbai
Vice PresidentRisk ManagementMumbai
Credit Quality ManagerRisk ManagementLucknow, Kolkata
Regional Credit ManagerRisk ManagementDelhi
Zonal Credit ManagerRisk ManagementDelhi
Area Credit ManagerRisk ManagementKolkata

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