Job satisfaction at Landsbankinn scored very high in 2019. The focus on equality was sharpened even further with Capacent’s Equality Indicator and the Bank received equal pay certification. The Bank’s educational programme has seldom been as rich and varied, supporting a workplace culture where employees are actively encouraged to seek new knowledge and to share it with their colleagues.
Landsbankinn employs exceptional individuals with a varied background. The Bank’s HR policy emphasises job satisfaction, a positive work environment and effective job development. Landsbankinn has for many years focused on ensuring equal pay and equal job opportunities.
Landsbankinn attained legally required equal pay certification in March 2019 and has since operated in accordance with a certified equal pay system. The gendered wage difference in the Bank is calculated regularly and in 2019 it has ranged between 1.4-1.8%, in favour of male employees. Regression analysis of December 2019 wages reveals a 1.5% gender-based wage difference.
The Act on Equal Pay Certification from 2017 provides that certification shall be based on the Equal Pay Standard ÍST 85. The key aim of equal pay certification is to counteract a gender-based wage gap and boost gender equality in the labour market. Implementation of an equal pay standard at Landsbankinn in fact means that the Bank has enacted a control system which ensures that handling and decisions about wages is based on objective factors, free of gender-based discrimination.
|Education in figures|
|3,139||Participants in educational events at Landsbankinn in 2019 numbered 3,139.|
|166||166 educational events were offered at Landsbankinn in 2019.|
|3||Each Bank employee attended an average of 3 events on the education programme.|
|5||Each Bank employee completed 5 electronic courses on average.|
The aim is to provide a work environment that encourages employees to seek new knowledge and to share their skills. Employees are encouraged to seek instruction and training both from external parties and in-house. The education programme is varied and a new education programme allows the Bank to boost its offering of electronic instruction and training. In 2019, 42 online courses were offered and completed by 4800 employees. Each employee completed an average of 5 online courses.
In 2019, 89% of employees attended some job-related continuing education or education offered by the Bank that is not considered mandatory.
Landsbankinn is focused on empowering employees to develop and grow in their work. In 2019, the Bank continued underlining the importance and benefit of pursuing knowledge. This focus was first introduced in 2018. Employees were offered work and study counselling, enabling them to analyse their own position and make plans for job development. The focus was deepened by introducing and instructing on the skills that will be desirable and sought after in the changing work environment of the future.
A project titled Effective job development was initiated in 2019, whereby HR advertised for up-and-coming leaders or experts interested in participating. A total of 45 applications were submitted and 18 individuals were invited to participate.
Participants receive personal executive coaching and assistance in creating a job development plan. They participate in courses and workshops designed to empower employees both professionally and personally. Participants build skills in areas classified as so-called 21st century skills. The project was a success and will be repeated.
A series of lectures titled 21st century skills was organised in 2019. The focus was on digital literacy, one of the three skills classified as 21st century skills. Digital literacy consists of information literacy, media literacy (news and social media) and technical literacy. Individuals who possess these skills should be able to identify key points and use content appropriately. Lectures in the series focused on children and the Internet, personal data and the Internet, fake news and the future of democracy, and cyber security.
|Ability to learn and create||Digital literacy||Professional and personal strengths|
|Critical and solution-oriented thinking||Information literacy||Flexibility and adaptability|
|Creativity and innovation||Media literacy||Initiative and independence|
|Communication skills||Technical literacy||Social and intercultural relations|
|Collaboration skills||Efficiency and reliability|
* Main influencing factor was the merger of Landsbankinn and SpKef.