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Bank of Ceylon, Sri Lanka
Recognition and Reward systems
Prabhath PatabendiInternational Center for Research & Development
Bank of Ceylon –An Introduction
Bank of Ceylon is the largest employer in the
banking and financial services sector in Sri Lanka ( Top 1000 Banks) Employee Strength 8,883 employees
located in 567 branches throughout the country Overseas branches : United Kingdom, India,
Maldives and Seychelles. Retention rate : 99%.http://www.youtube.com/watch?v=zvcHPmh0Bsg
Key to Financial strength & Sustainability
Connected to People , Environment & Social life of all Sri Lankans Banks environment action program
https://www.facebook.com/bankofceylon.lk
Promoting education as an opportunity to empower people..
http://www.youtube.com/watch?v=ZxDeir7hmzM
Recognition and Reward systems & Talent Management
Performance Based Appraisal & Rewarding System
Recognition and Reward systems….. Benefits package
Pension plans Loan schemes at concessionary rates to cater to a variety
of needs Medical schemes covering family members including dental Payment of fees for higher education and training
programes Zero % vehicle loan Fully furnished staff quarters Cost of living allowances (COL) Travelling allowances Holiday homes Reimbursement of funeral expenses
Recognition and Reward systemsProfit related bonuses ( Branch
level & overall) Product development Ideas
( Bottom top approach) Creation of a new financial
products Creation of new working systems
( branch wise)Process improvement Ideas (IT)
Thank you
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