Bank Muscat highlights best HR practices

Muscat - 

Bank Muscat, the flagship financial services provider in the sultanate, in partnership with the Secretariat General of the Education Council, organised a knowledge sharing workshop at the bank’s head office to discuss the best HR strategies and practices. H E Dr Said bin Hamad al Rubaii, secretary general of the Education Council, presided at the workshop attended by key governmental and private sector institutions. 

On this occasion, H E Dr Rubaii said that human capital is the foundation of the nation’s development and it is a shared responsibility between educations institutions and all different sectors to prepare skilled and trained human cadres necessary for the labour market.

He added that Bank Muscat has a clear mechanism and methodological criteria to attract national talents to work in various jobs in the bank. At all levels, Rubaii encourages educational and training institutions to update and leverage on their programmes and to introduce the latest technical developments for the preparation of the Omani generations for different jobs and professions, in line with the future requirements of various sectors of development in the sultanate and in line with the general directions of Oman’s 2040 vision.

Ahmed Faqir al Balushi, DGM - Human Resources, made a presentation on the overview of HR strategy and its alignment with the overall Bank Muscat strategy. Bank Muscat's HR practices focus on creating, nurturing and supporting people to meet the ambitious growth plans of the bank, through a wide variety of initiatives that cover all stages of employee life cycle. Bank Muscat is proud to have set a fine example in continuously building human capacity and creating rewarding career opportunities.

Balushi said, “For people looking for a rewarding career, Bank Muscat remains the employer of choice. The bank’s staff retention strategy stems from its commitment to offer the best opportunities to Omani staff. The bank focuses on refining and upgrading their skills to confront the challenges ahead.”

Bank Muscat has the distinction of outstanding leadership at all levels and has achieved 94.57 per cent Omanisation, giving priority for Omanis to occupy key positions. Of the total 3,646 employees, the number of Omani employees presently stands at 3,453. Omanis form 75 per cent in the higher management and 92.6 per cent in the middle management cadres.

The bank encourages diversity at the workplace in terms of gender, age and skill set. The human resources strategy is notable as 48 per cent of employees are women holding various positions, including senior management positions. The bank, in step with its vision ‘To serve you better, everyday’ and commitment to partnership in sustainable development of human resources, has made major headway with its Jadara Academy programmes to build a potential leadership
pipeline.

The Jadara Academy serves as a comprehensive platform for all staff learning and development programmes in the bank. The unique management development programmes launched in collaboration with Harvard Business Publishing, Duke Corporate Education and INSEAD Business School are among some of the most ambitious initiatives by the bank to equip Omani employees with the best in class development opportunities to attain higher levels of professional competence and skills.

In line with the vision of His Majesty Sultan Qaboos bin Said for a qualitative shift in national workforce, the bank is committed to providing career growth opportunities for competent Omani employees and the Jadara programmes are designed to further energise the bank’s human resources in its quest for greater achievements.

As a leader in the financial services sector and in line with the bank’s commitment to providing rewarding learning opportunities, Bank Muscat is proactively working with a number of executive education providers to ensure that managers at all levels are well-equipped with the skills, tools, knowledge, behaviours and attitudes required in the ever-changing environment. To remain the flagship bank in Oman, Bank Muscat invests in people and strives to ensure a strong career path across all segments of the banking industry.

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