|
Bankmuscat Gains Coveted ‘Investors in People’
Certification
• First bank from the MENA region to receive
this certification
Muscat. 14 March 2007: BankMuscat SAOG,
the nation’s leading bank has been recognized as
an Investor in People (IiP) organization. The
Bank, which has been declared the ‘Best Place to
Work’ in the Sultanate several times over and
has won the prestigious ‘People Development
Award’ at the Oman Awards for Excellence three
years running, has now been recognized as an
‘Investor in People’: an organization that looks
forward to bottom-line growth through improved
people performance - the result of its
continuous investments in human capital.
BankMuscat is the first bank from across the
middle-east and north Africa (MENA) region to
receive this certification.
Speaking on the occasion, AbdulRazak Ali Issa,
Chief Executive, BankMuscat said:
“As the
nation’s leading bank, we have always believed
in addressing the development needs of our
people. It is only by having a stronger team of
people that we can hope to achieve our wider
business aims and objectives. This, as you know,
is also in keeping with the vision of His
Majesty Sultan Qaboos bin Said.
“We are glad that our continuous efforts in this
direction have today been recognized by a highly
reputed global Standard and we have been
declared an ‘Investor in People’ organization.
Going ahead, we will continue to evaluate and
upgrade our investments in human capital to
ensure our workforce is amongst the best
equipped in the regional banking industry and is
equal to any global organization.”
The
Investors in People Standard was developed in
1990 in collaboration with UK’s leading
businesses, both large and small. The Standard
provides a framework for improving business
performance and competitiveness, through good
practice in human resource development.
There are currently 24,259 organizations
worldwide that have achieved recognition under
the Investors in People Standard. Companies that
have achieved the Standard, have been successful
in adopting and maintaining its four fundamental
principles: commitment to develop all employees
and to achieve business goals and targets;
regularly reviewing training and development
needs in the context of the business; taking
relevant action to meet training and development
throughout people’s employment and lastly,
evaluating outcomes of training and development
for individuals and for the organization as a
basis for continuous improvement.
Also speaking on the occasion, Ruth Spellman,
Chief Executive of Investors in People UK said:
“ Putting
people development at the heart of every
function is the most cost effective decision a
business can ever make. Employees are central to
business success, so it is vital for staff to be
skilled, flexible and motivated; this can be
achieved through planned and consistent training
and development. The Investors in People
framework ensures that if you look after your
inputs, the outputs will look after themselves.”
Research
conducted among recognized Investor in People
organizations have shown that 80 per cent have
increased customer satisfaction and 70 per cent
have improved their competitive edge and
productivity.
|
