Personnel strategy

Esteem for the contribution of each employee is the guiding principle of the Bank’s personnel strategy. VP Bank wants to offer its staff new horizons and interesting personal development opportunities throughout the entire Group.

The Bank’s employees represent the very foundation on which optimal client solutions are built. For that reason, it is the desire of VP Bank to retain outstandingly qualified team members to the bank, nurture them, and attract new ones. In the hiring process, it applies a comprehensive selection method that takes into account not only the intellectual and professional capabilities of a candidate, but also the cultural and social aspects. The development of talents, as well as the identification of where an individual’s know-how can best be deployed, are continuously pursued.

VP Bank attaches great value to the training and continuing education of its employees. Here, the fostering of qualified, up-and-coming professionals ensures that there is always a pool of highly competent employees to draw on in the future. In the past financial year, 24 apprentices were in training at VP Bank, of which 8 started their curriculum in 2012 and 7 completed their traineeship with professional certification. All of the latter were officially hired.

VP Bank wants to be an attractive employer and offer its people secure jobs. However, in order to achieve the specified savings target, layoffs were necessary at VP Bank Group in 2012. In such instances, it is a fundamental principle of VP Bank that, without exception, socially compatible solutions are found and implemented.

Further information in this regard can be found in the “Employees” section.