Topping the list of operating efficiency is Techcombank and Vietcombank, with the average profit before tax created by each employee reaching over 270 million dong.
Techcombank employees take the lead in efficiency
Based on the financial statements of the first quarter of 2020, Techcombank has 11,190 employees. Total consolidated operating income of this bank in the first quarter was six trillion dong, while profit before tax reached 3.1 trillion dong.
Accordingly, it is estimated that in the first three months, a Techcombank employee generates averagely more than 540 million dong in revenue and 279 million dong in profit before tax.
Following Techcombank on the chart is Vietcombank the state owned bank with the highest pre-tax profit in the system. Financial statements for the first quarter of 2020 of Vietcombank showed that this bank achieved a profit before tax of more than 5.2 trillion dong.
However, due to the large staff size, up to 19,319 employees, a Vietcombank employee creates more than 270 million dong.
Looking at the overall picture of Techcombank, in addition to leading the banking sector in efficiency, the bank is also famous for its personnel decisions to attract talents. Therefore, the net profit per employee is higher than the common level, partly due to the implementation of important decisions, which has contributed to the increase in the internal resources of the bank and the construction of the workforce associated with the development roadmap.
Recently, this bank has approved plans to issue more than 4.7 million ESOP shares (preferred shares for officials and employees) to increase charter capital and to encourage and align employees according to the policy approved by the general Meeting of Shareholders from previous years. At the same time, the Board of directors has always been consistent with the strategy of building excellent human resources that have been trained, inherited from the internal and recruited talents from large organisations in the world, to ensure the roadmap of becoming the leading bank in efficiency and leading the process of digitising Vietnam’s financial market.
Besides the two big banks Techcombank and Vietcombank, a number of other banks recorded employee performance results in the first quarter of 2020 with significant gap.
Specifically, the data of the financial statements for the first quarter of 2020 of Asia Commercial Joint Stock Bank (ACB) showed that this bank ranked third, with the profit per employee of 172 million dong. Next is Military Commercial Joint Stock Bank (MB MBBank) with 142 million dong. Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), which was ranked 3rd in 2019, now fell to 7th place, with a profit of the first quarter of 2020 reaching more than 1.8 trillion dong and a profit of 69 million dong per employee.
The working environment encourages creativity
Talking about this issue, representatives of Techcombank shared, not only in the banking sector but in any industries, the consistency in strategic direction to communicate to officials and employees, to focus on encouraging working environment, creating optimal conditions for creativity. They are two important factors to promote working performance.
For a long time, Techcombank has been considered as a training school for personnel in the industry to provide personnel for the financial and banking industry, due to the high rate of personnel fluctuations. However, according to data reported at the Techcombank general Meeting of Shareholders in 2020, the average seniority index of employees here reached 4.5 years, showing the long-term commitment of employees to the organisation.
Techcombank always leads major human resource awards, such as the Employer Gold Cup of 2019 Stevie Awards International; Top 2 most favourite employers in the field of finance and banking by CareerBuilder in collaboration with InsightAsia; and Asia’s best place to work in 2020 voted by HR Asia Magazine
According to Techcombank CEO, Phung Quang Hung, Techcombank regularly participates in global surveys conducted by prestigious rating organisations in the world to accurately locate where the bank is, the level of understanding and agreement with the strategy of officers, staff, or the spirit of cohesion and coordination among units. These surveys also measure the bank’s creative culture and innovation capacity.
“In 2019, McKinsey survey results rated Techcombank as one of the Top 25 percent of banks in terms of organisational health. It is a solid foundation for Techcombank to continue developing in the coming years”, Hung shared.
