HR Asia Awards is a prestigious award organized by HR Asia - Asia's leading senior HR magazine, to honor businesses with outstanding human resources policies, attractive benefits, leading working environments and regularly organize exciting internal activities to connect employees.
In 2023, the HR Asia Awards attracted the participation of large enterprises from 16 Asian countries and territories such as Cambodia, China, Hong Kong, India, Indonesia, Japan, Macau, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, UAE and Vietnam. The awards were selected through many rigorous evaluation rounds, based on independent research on the reputation of companies with outstanding working environments, conducted by the HR Asia research department.
SeABank has met the strict criteria according to the TEAM model applied to major human resource markets in Asia, including: Company and Human Resource Structure (CORE - Collective Organization for Real Engagement), Human Emotions and Thoughts (SELF - Heart, Mind, Soul) and Collective Thought and Action (GROUP - Think, Feel, Do). In August 2023, SeABank was honored for the third consecutive time in the category of "Best Workplace in Asia". In particular, the results of SeABank's employee survey according to the above three criteria all achieved very high scores, far exceeding the average of the businesses participating in the survey, in which CORE scored 4.49 points (average 3.74), SELF scored 4.67 points (average 3.88) and GROUP scored 4.74 points (average 3.98).
As part of its sustainable development strategy, SeABank prioritizes resource development and enhancing employee value proposition. In particular, a working environment based on the Bank's core values and sustainable development goals is one of the important factors that focuses on investment resources. The working environment at SeABank promotes the principles of equality, diversity and employee empowerment to build a working environment that motivates efficiency, companionship and engagement. SeABank employees are encouraged to demonstrate and arouse the spirit of solidarity, sharing and love through organizational cultural activities based on the Bank's core values.
In addition to meaningful bonding activities, since 2018, SeABank has continuously and periodically implemented the Employee Stock Option Program (ESOP) to recognize the contributions of employees to the development of the Bank, increase commitment to the organization, and this is also a meaningful source of encouragement, bringing great benefits that SeABank gives to employees.
To date, SeABank has issued nearly 106 million ESOP shares to nearly 3,700 employees, of which 59.4 million ESOP shares in 2022 were issued at a price of VND 15,000/share and will be freely transferable 50% after 1 year and 100% after 2 years of ownership. The program has brought many benefits to employees, aiming to build an equal, cohesive, professional and humane working environment. In 2023, SeABank's Annual General Meeting of Shareholders approved the plan to issue 42 million shares in the ESOP program. This plan was approved by the State Bank and is expected to be implemented by the end of this year. In addition to being able to buy shares at a preferential price, in 2023, SeABank employees will also be paid dividends in shares and receive bonus shares at a total rate of 20.3%. This is considered a very meaningful source of encouragement, bringing great benefits that the bank gives to its employees.
In 2022, the satisfaction and engagement of more than 5,000 employees with SeABank achieved positive results compared to the general level of businesses in the region in 2022. The above results show that SeABank has been successful in maintaining factors related to corporate culture, working environment and employee benefits including: flexible working environment; Modern and convenient facilities; Outstanding human resources policy, clear promotion; Attractive remuneration and incentives commensurate with capacity.
Established in 1994, SeABank is one of the leading joint stock commercial banks in Vietnam with nearly 2.5 million customers, more than 5,400 employees and 181 transaction points nationwide. SeABank's goal is to become a typical retail bank with a customer-centric strategy by providing a diverse system of financial products and services to individuals, small businesses and large enterprises. SeABank is considered one of the pillars in the banking system with a charter capital of VND 24,537 billion, ranked Ba3 by Moody's in many important categories, and is one of the first banks to implement Basel III international risk management standards.
According to the development strategy of "Digital Convergence", SeABank focuses on digitizing products and services as well as applying technology in internal operations and investing in building modern technology infrastructure to optimize processes, increase operational efficiency, bring customers a different experience of digital banking services, aiming to become the most favorite retail bank.
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