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BoB in association with EAP India Introduced ‘Employee Assistance Program’, a Well-being Programme for its Employees

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Bank of Baroda launches employee-assistance programmeOn November 4, 2020 Bank of Baroda (BoB) in association with EAP India introduced an ‘Employee Assistance Program’, a Well-being Programme for its employees and their family members 24×7.

Aim of the Program– To help its employees to tackle their personal and professional problems through psychological counselling and consulting.

Partnership with EAP India– BoB has entered into partnership with Employee Assistance Program (EAP)India Pvt Ltd to provide this counselling.

Key Info:

i.Employee Assistance Program is the first step of the bank to address the issues and support the emotional well-being of the employees

ii.Initially, this program has been introduced as a pilot project in Mumbai Zone and its corporate office.

iii.Through this program, BoB seeks to enhance the emotional well-being of employees, that will enhance their morale and create a happy and positive work ambience with a positive impact on productivity.

About Employee Assistance Program:

i.The program involves extensive application of technology by including multiple channels of assistance

ii.The counselling service is safe, non-judgmental, and highly confidential

Additional Info

i.As per the annual report of BoB, it had more than 84,000 employees.

ii.About 60% of the employees of the bank are between the age 18- 35. Often they face peer pressure, career and ambition issues, etc.,

Points to be Noted

In July 2020 BoB launched ‘Insta Click Savings Account’, a 100% paperless digital self-assisted online savings account.

Recent Related News:

On October 6, 2020, Union Minister of Finance & Corporate Affairs, Nirmala Sitharaman, launched “MSME Prerana” an online business mentoring programme for Micro, Small & Medium Enterprises (MSMEs) by Indian Bank in collaboration with Poornatha & Co, at the bank’s headquarters in Chennai, Tamil Nadu.

About Bank of Baroda(BoB):
HeadOffice– Vadodara(earlier known as Baroda), Gujarat
Managing Director(MD) and Chief Executive Officer(CEO)– Sanjiv Chadha
Founded– 20 July 1908, by Maharaja Sayajirao Gaekwad III of Baroda
Tagline- India’s International Bank