BOC awarded ‘Best HR Organization to work for’ by World HR Congress

The World HRD Congress once again recognized the Bank of Ceylon as one of the “Best HR Organizations to Work for” at the 27th edition of the annual Global HR Excellence Awards held for the year 2019 which took place at Taj Lands End, Mumbai, India in February 2019.

This was the second consecutive year the bank was recognized for its best practices in the field of Human Resources.

The event was organized to encourage HR practitioners who are organized for a professional cause bench marking best HR practices.

The Bank believes its Human Resources are the key element behind its success.

The Bank’s HR policy ensures that it maintains a culture of contribution and innovation at work; consistently improving the HR Policy by measuring organizational health and inculcating values that help to achieve its vision; being a Social Employer and developing future leaders in the organization. This award recognizes the efforts the Bank has made for effectively managing a work force of over 9000 and driving them to reach the Bank’s strategic goals and maintaining itself as the No.1 Bank in the country.

“The Bank considers its team of employees as one of its greatest strengths. Every effort is being made to ensure the well-being of staff. The attrition rate, which is below 1%, is one of the lowest in the industry, which speaks volumes of the bank’s HR management processes. Right from the start of their careers, all new recruits are provided with an induction training so that they can easily blend into the culture and work ethics of the Bank.” stated the Deputy General Manager Human Resource, K.E.D. Sumanasiri.

The Bank of Ceylon was also recognized as one of the “Best Employer Brands 2017” and “the Best Bank in the Public sector” at the Banking and Finance services Industry (BFSI) excellence and leadership Awards 2017, at an event hosted by the World HRD Congress in 2017.

The Bank has a Training and Development Policy which identifies the development needs of each and every employee and provides training in the required areas for their development. Its main objective is to identify and conduct training and development programmes based on the business requirements.

The bank has allocated a significant annual training budget to cover these training programmes to ensure their quality and the effectiveness of those.