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