The Case Study - Seylan Bank

Seylan Bank PLC Annual Report 2009 111Empowering PeopleThe Bank’s role as a financial services providermeans it plays a sensitive role in people’s lives.The Bank has been conscious of this role and hasfocused on unleashing new opportunities for societyin general and for its employees. Employees are thesoul of the institution and we have endeavoured tocreate inspiring and safe workplaces for our staff.In this section we look at how the Bank’s activitiesimpact on society and on our employees.Category of EmploymentCategory No. of Employees Percentage (%)Permanent 3,504 94Contract 45 1Trainee 184 5No. of Employes based on CountryCountry No. of Outlets No. of EmployeesOman 1 5Dubai 1 1Saudi Arabia 1 1Sri Lanka* 93 3,726*No. of Employes based on Geographic BreakdownProvince No. of Outlets No. of EmployeesNorthern 3 65Southern 7 170Eastern 5 109Western 49 2,657*Central 9 240North-Central 5 106Uva 2 52Wayamba 5 148Sabaragamuwa 8 179Total 93 3,726*Rewarding Innovation and PassionThe Bank has focused on building a dynamic teamthat is bonded by a common set of values andgoals and committed to a notion of sustainableentrepreneurship. The Bank has encouragedproductivity, rewarded passion and ensured thehighest levels of workplace safety. The Bankcontinues to invest in their skills and future growth.Every member of the staff came together duringthe recent crisis the Bank faced. The Bank had torespond to a sharp decline in public confidence and achange in the ownership and management structureof the Bank. The resilience and innovation displayedby the entire team enabled the Bank to make thistransition relatively smoothly.As at the end of 2009, the Bank had 2,550employees in 93 branches across the country. Theemployee turnover for the year was 146 or 3.8 % ofthe total workforce.AgeNo. ofResignationsNo. ofRetirements-19 – –20 - 24 43 –25 - 29 36 –30 - 34 26 –35 - 39 22 –40 - 44 8 –45 - 49 7 –50 & above 4 20The Bank recognises the right to freedom ofassociation and the right of employees to collectivelybargain for their rights. Two major trade unions operatewithin the Bank. Some employees are members of bothunions. The management is in regular consultationwith representatives of the unions to ensure that* No. of employees includes Head Office staff too