Performance linked wage structure or incentive linked launch of products in private banks may be beneficial and may prove moral booster for bank employees but in public sector banks where top ranked official has no inherent love for their organization and no desire for real growth of bank but where top ranked officers are mostly interested in growth of personal wealth and power ,there is all possibilities that the scheme of incentive or performance linked wage structure may also be misused by corrupt officials and eventually such policies may prove counterproductive and detrimental to health of bank.
As such in government sector, all policies should be framed as far as possible transparent and crystal clear and any policy related with staff should at least give no scope for discretion.
It is bitter but undeniable truth that all types of discretional powers in PSBs or in government departments prove harmful in the long run because the powerful person more often than not misuse the powers vested in them. In government sector 10 percent of employees are honest whereas in private sector 10 percent employees are corrupt. Employees in private sector invariably think for employer whereas in government sector staff thinks for self enrichment. Discretion is private sector is used to promote productive culture and for creation of wealth for promoter whereas in public sector discretion is used for self interest, self ego and creation of wealth for self.
In government offices even pilot officers are recruited on fake certificates, fake medical degrees are awarded, questions of IAS and IPS officer’s examination are leaked, where members of interview panels are set by bribe and gifts, promotions and transfers take place on the value of bribe, candidate for state assembly and Parliament elections are sold by party high command, where questions are asked in Parliament in lieu of money, where even MPs and MLAs are bribed to gain majority, laws are made to give benefit to some corporate who bribe law making agency and so on……. In brief bribe can make impossible to become possible .
“Sabse Bara Rupaiya” is the mantra for all success in government sector.
https://jaindanendra.blogspot.com/2012/01/private-and-public-sector.html
