It is Landsbankinn's goal to employ capable, ambitious and satisfied individuals. In 2017, concerted efforts were made to strengthen the educational programme even further and create a learning culture that encourages employees to take responsibility for their own knowledge and share it with co-workers.
Landsbankinn's human resources policy reflects the Bank's emphasis on creating a positive work environment characterised by employee satisfaction and robust information sharing. Offering equal job opportunities and equal wages is important to Landsbankinn who has twice received the Golden Seal of PwC's Equal Pay Audit and is currently working to achieve equal pay certification.
It is clear that financial undertakings face significant challenges going forward, so much so that it is often referred to as the fourth industrial revolution. The challenges and changes the future holds will call for a revision of human resources policies within financial undertakings. Future jobs will not necessarily require the same competences and knowledge today's jobs do, requiring Landsbankinn to look to developing its human resources for the future to ensure that the Bank always has the right person for the job.
It is Landsbankinn's goal to employee capable, ambitious and satisfied individuals. The Bank's education programme emphasises contributing to a work environment where employees are encouraged to develop in their jobs and ensure that they possess the necessary knowledge and competences to achieve success in their careers. Emphasis is placed on strengthening the individual and employees are encouraged to attend courses and seek education opportunities outside the Bank, if appropriate.
All employees have access to a diverse education programme. In 2017, around 170 educational events were held and they were attended by around 3300 participants. Each employee attended an average of 3 events on offer. A majority of the Bank's employees is active in continuing vocational training, as 84% of employees participated in training events in 2017, either in-house or externally. The average number of training hours per full-time equivalent position in 2017 was 10.5 hours.
Various factors in Landsbankinn's operating environment call for new approaches to job development and education. The main factors are the technological revolution of jobs and changes to the legal environment of financial undertakings. The means of learning and sharing have never been as varied.
In 2017, Landsbankinn has strategically revised its education programme to forge a learning culture based on current developments. The project is titled "learning and sharing" and it aims to create a work environment which encourages individuals to take responsibility for their own knowledge and share it with co-workers.