ECCB 2016/2017 Annual Report

ECCB ANNUAL REPORT 2016/2017

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Executive Committee and managers at leadership and development training Session - November 2016

HUMAN RESOURCE DEVELOPMENT Over the year, the Human Resource Department (HRD) increased its focus in the areas of recruitment, training and development, laying the foundation for a modern HR Strategy, policy enhancement and compliance, compensation and benefits management. The HR Committee which includes top level management, was established to support this effort. HR Consultancies The Bank is committed to developing the human resource function to ensure that its human resource is managed through best practices. To this end, the Bank approved the engagement of three HR consultancies in the areas of: Leadership and Development, Modern HR Strategy Development and Performance Management. Terms of Reference were formulated for the three consultancies. The tender for a modern HR Strategy Consultancy was advertised, applications were received and the process is currently at the shortlisting stage. The Performance Management Consultancy is expected to be undertaken in the upcoming year.

Recognising that effective leadership is paramount to the optimal performance of staff within the Bank, the services of World International Action Learning (WIAL) consultant, Mr Verieux Mourillon, was engaged as principal consultant in collaboration with Dr Ruby Brown, to conduct leadership and development training. Aphasedapproach in leadershipdevelopment within the bank, was adopted and commenced in November 2016. An initial cohort of 38 managers responsible for strategic, tactical and operational direction, was equipped with the necessary mentoring and coaching skills. The training is scheduled to be completed by the end of July 2017. Training and Development The ECCB increased its thrust towards providing quality training opportunities for staff. Approval was granted for 51 Management Initiated Training Programmes. The programmes focused mainly on providing professional development in the areas of: Bank Supervision and Regulation, Macroeconomics,