DFCC Bank receives gold award for HR practices

DFCC Bank was presented with a Gold Award, benchmarking the Bank's HR practices against other leading companies at the recently held National HRM Awards 2007.

The HRM Awards 2007 was aimed at assessing the maturity of HR systems and processes in leading organisations across Sri Lanka. The study conducted by Hewitt Associates, the world's largest HR consulting and outsourcing firm, attempted to understand the quality of design of the HR processes in the participating organisations and the alignment of the processes with the overall business objectives.

From a large number of entries, 19 companies were short-listed and the reports prepared by Hewitt were presented to a panel consisting of local and international judges without divulging any of the company names.

Over the years, DFCC Bank has invested considerably to put in place top of the line HR systems. The Bank has continuously improved on its HR practices, moving from fixed salary scales and increments to salary bands, performance related variable pay structures and bonuses.

A fully-fledged HR Information System that encompasses a range of HR practices is accessible to all employees.