Human Capital
Employee Value Proposition
Remuneration and rewards
The Land Bank’s Remuneration and Rewards policies aim to attract, motivate and retain the best talent while supporting the organisations philosophy and rewarding employees based on performance and contribution.
The Land Bank believes in correlation between employee reward and shareholder value and its remuneration and rewards strategy is therefore premised on the following principles:
- Employee performance
- Employee recognition
- Organization performanve
- Alignment with industry remuneration standards
Performance management
The Land Bank is committed to effective performance management using (amongst others) a targeted methodology philosophy, face-to-face feedback, regular performance review and open communication.
The process involves:
- Formal annual performance contracting
- Formal annual performance reviews
- Peer recognition for exceptional performance
- Commensurate rewarding for performance
Wellness
The Bank’s Employee Wellness Programme (EWP) aims to create a healthy work-life balance by fostering a work environment that is conducive to developing healthy and productive employees.
The EWP program includes the following wellness dimensions: social, physical, emotional, career, financial and spiritual.
Services provided include:
- 24 hour telephonic access to counseling, legal and financial advice
- Face-to-face counseling
- Managerial consultancy
- Absenteeism, disability and incapacity consultancy
- Online EWP support - e-Care Program
- HIV and AIDS workplace program which includes prevention, counseling, care and support
- Executive Wellbeing Program
- Work-life balance programs such as financial fitness, stress management and retirement planning
The EWP program is positioned to contribute to an employee value proposition that Supports the quest to become an “Employer of Choice”.