COMMITTED TO IMPLEMENT ROYAL DIRECTIVE ON 25,000 NEW JOBS
MUSCAT: Bank Muscat, the flagship financial services provider in the Sultanate, has announced new career opportunities for Omani youth as part of the Royal directive of His Majesty Sultan Qaboos to create 25,000 new jobs for young jobseekers. The bank, in coordination with the Ministry of Manpower, has started job interviews and examinations to recruit a number of Omani youth to work in different departments. Bank Muscat is one of the private sector institutions to take the lead in implementing the directive of His Majesty Sultan Qaboos and partner with the government to provide new job opportunities to Omani youth and develop their talents.
AbdulRazak Ali Issa, Chief Executive, said: “Bank Muscat is proud to be among the first private sector institutions to implement His Majesty’s directive to provide new job opportunities in coordination with the Ministry of Manpower. This is a landmark decision by His Majesty Sultan Qaboos and a great opportunity for Omani youth to take up rewarding career opportunities. The bank has started the process of recruiting a
number of Omani youth and will absorb the new recruits in stages. Sustainable human resources development is one of the key priorities of the bank. Bank Muscat is proud to take the lead among private sector institutions to carry out the national responsibility in creating job opportunities and providing a suitable work environment. We stand together with the government in its pledge to create 25,000 new jobs for Omani job-seekers.”
As the nation’s leading banking partner, Bank Muscat attaches great importance to national initiatives, especially human resources development aimed at contributing to Oman’s future by investing in talent which is the real wealth of the nation. Every year, Bank Muscat welcomes new recruits to take up various positions in the bank. The absorption of new employees reflects the bank’s focus to develop its young Omani leadership.
Bank Muscat has the distinction of outstanding leadership at all levels and has achieved 94.57 per cent Omanisation, giving priority for Omanis to occupy key positions. The bank’s human resources strategy is notable in maintaining gender diversity as 48 per cent of employees are women holding various positions, including senior management positions. Of the total 3,610 employees, the number of women employees presently stands at 1,715. Bank Muscat reckons its competent people as key strength and is focused on equipping
them to make vital contributions to the bank’s growth and success. The bank plays a prominent role in the development of Omani talent and is committed to investing in improving their skills and expertise.
The development of human resources is a priority in the bank, providing relevant educational and training opportunities to employees. The training and development programmes are carried out through specialised courses conducted by accredited training centres or through academic links with colleges, universities and leading training institutes at the regional and global levels. The Jadara Talent Management programme serves as the platform for all training and development programmes in the bank.
The bank earmarks substantial allocation for training and development of human resources in all functions and responsibilities assigned to them. The bank’s Learning & Development Centre organised a total of 631 programmes during the first 9 months of 2017 compared to 425 programmes in 2016. A total of 12,702 employees participated in these programmes, including 11,645 Omanis, covering 16,243 mandays.
During the year, the bank High Potential (HiPo) Graduate programme inviting 20 of the launched the Development best graduates from leading Omani and international universities. The batch is currently undergoing a thorough development journey for the next 2 years.
Talent review process was initiated where a number of bank staff were identified to be a part of the Talent Pool.
They will be undergoing a rigorous 2-year development programme. Additionally, a critical role analysis was conducted to identify critical roles across the bank along with their succession plan.
Bank Muscat remains committed to His Majesty’s constant care for the development of human resources as a priority in achieving the country’s progress.
The bank has adopted a series of measures in line with the Royal directive to develop the potential of youth in the development march of the nation.
The bank remains committed to playing its role in developmental and social responsibilities within the framework of co-operation and co-ordination with all segments of society and looks forward to a rewarding partnership in the development of Omani talent.