Employment
The reputation of the Eurobank EFG group, as far as human resource management issues are concerned, arises mainly from the value that the Bank attaches to its personnel while at the same time, recognizing the priceless contribution of its people regarding its dynamic growth.
The Human Resources Sector operates as a strategic partner, as far as the fulfillment of Eurobank EFG goals is concerned. More specifically it:
Matches the knowledge, skills and expertise of each employee with the appropriate role.
Provides equal training, development and career advancement opportunities.
Develops management policies, procedures and systems that adhere to the highest standards.
Fosters continuous performance improvement, and devises recognition and reward processes.
Promotes initiatives that contribute to the establishment of a consistent culture, founded concerns employment positions overseas, since its on firm principles and values.
The fast growth rates of both the Bank, and the Group companies, are reflected on the data concerning the development of both the numbers and structure of Human Resources. Overall, in 2005 the number of employees in Greece increased, as a result of the networks expansion, the growth of operations in Greece and abroad, and the acquisition of overseas companies.
Following a period of controlled employment growth in Greece Eurobank EFG has entered a new stage. The focus on the markets of Southeastern and Central Europe has led to a substantial increase in the number of employees. Overall, on December 31 st, 2005 the Group employed 16,201 people in Greece and abroad. On the total number of jobs ensured by the Group, 44% concerns employment positions overseas, since its presence abroad gains, as mentioned above, increasing importance. An equality distinct fact is that the Groups multifarious activities enable its involvement in a wide rand/ge of financial operations.
As a rule, the Group companies are ranked first in their respective market segments, offering major competitive advantages. In terms of human resources management, this leads to the ongoing development of skills and competencies, the growth of expertise, as well as the provision of major career opportunities in the field of financial services.
The total number of Bank employees in Greece on December 31st, 2005 was 9,117, as compared to 8,626 employees in the previous year, while the average age of personnel was 36 years. The Group’s personnel comprises young and experienced individuals, representing both genders in equal terms, and enjoying clear career development prospects, as a result of the Bank's consistently strong growth.
The geographical distribution of the Group's personnel reveals a large concentration of employees in Athens. Based on the nature of operations, it is evident that the majority of personnel is employed in front line Units, i.e. Branches and Business Centers. The growth in Central Services personnel during the past few years indicates the increasing importance of the role of back office Units in modern banking, and the specialized role that staff departments are expected to fulfill, employing highly trained, skilled and specialized individuals.
