Commercial Bank of Ceylon gains high acclaim for excellent HR Management
Sri Lanka’s largest private bank, the Commercial Bank of Ceylon has been recognized as an excellent Human Resource Management entity in the island .The bank was one of 10 leading corporate entities to be awarded Gold at the 2012 National HRM Awards presented by the Association of Human Resource Professionals in partnership with Aon Hewitt, a global HR consultancy firm. This is the third consecutive instance in which the Bank won a Gold award under the new criteria set for the awards since 2007, the Bank said. The HRM Awards assess, recognize and felicitate the best Human Resource Management systems and processes among corporate entities of the country. The involvement of a firm of the calibre of Aon Hewitt and a distinguished panel of judges provides the evaluation process more independence, transparency and acceptance. Outlining the achievements in the HR management , Mr. Isuru Tillakawardana, DGM - HR Management, Commercial Bank of Ceylon PLC said “Strong HR Processes, continued commitment for the development of the staff through significant investments made in this area, strong performance based rewards culture the Bank has developed over the years and the excellent relationship maintained with the employee organizations/ employee unions, were behind in winning this award.”
He said that the Commercial Bank of Ceylon has a very strong organization culture which fosters career growth of people. The bank provides a very clear career path to the young staff members who join the Bank to the very top of the organization and the Bank is committed to invest in enhancing their knowledge and capabilities. Therefore the staff feels that they have a secure future and what counts is their performance, he added.
The bank also ensures the stability of employees future brought by a very strong organization and it provides great career opportunities and performance based rewards for them.
He noted that their HR policies and strategies are designed to help the Bank to achieve its corporate objectives. There is a close link between HR objectives and corporate objectives. HR works as a strategic partner in helping the business units in achieving their targets and goals. “We look at it as our role to ensure that there is a competent and motivated team of professionals to take the organization forward” he said.. Commercial Bank recruits young school leavers and develop them all the way to the top management. Therefore the bank becomes their place of higher education as well. “We have not only grown the team, we have also retained them through the years with excellent perks and benefits. Therefore we have a very low staff turnover ratio compared to most businesses.” he said.