Human Resources Strategy

Íslandsbanki's goal is to recruit, develop and retain qualified and trustworthy employees. Íslandsbanki's vision in human resources is to be the best place to grow and develop. One of employees’ strongest needs is to have the opportunity to grow and develop. By fulfilling this need, the bank is more likely to recruit and retain qualified and reliable employees.

The Bank’s Human Resources Pyramid

The Bank’s Human Resources Pyramid reflects the Bank’s human resources policy and its key elements, which are depicted in four levels.

Employment Terms and Benefit: Competitive employment terms and benefits are one of the keys to attracting, hiring, and retaining qualified and dependable employees, as well as being an element in creating a desirable workplace.
Hiring and Onboarding: Strong emphasis is placed on a professional recruitment and hiring process, and the Human Resources team is involved in all the Bank’s hiring. When new employees begin work for the Bank, they receive the support, training, and other assistance needed to adapt successfully to their position.
Employees: Human resources are the Bank’s biggest resource; therefore, we place strong emphasis on fostering employees’ growth and development, promoting their health and well-being, and creating for them a modern work environment with a positive and constructive workplace culture.
Engagement: Engagement results when employees’ basic needs have been met. If the first levels of the pyramid are implemented successfully, it is more likely that employees will be engaged with the workplace and dedicated to it, and that they will feel comfortable there.

Equality, diversity, and human rights provide a framework for the pyramid and are of fundamental importance in Íslandsbanki’s day-to-day operations. No discrimination, bullying, or harassment is tolerated. The objective is to create a desirable workplace and foster the well-being of all Bank employees.
On the outer perimeter of the pyramid are Íslandsbanki’s values progressive thinking, professionalism, and partnership – which are always used as guideposts in our work.