| The adoption and
development of a national workforce, faith in the vision of the country's
youth and the provision of opportunities for new Saudi graduates - these
are some of the practices, which have been supported by top management in
NCB for a long time. The Bank's leaders see them as part of the Bank's
responsibilities toward the country and a way to substantiate its vision
of service to society. By the early part of 1995 top management had
decided that these practices must become more structured processes,
ensuring the best possible achievements in the attraction, selection,
orientation and placement of new Saudi graduates in the jobs most suitable
for their skills and capabilities. All the resources needed for such a
strategic goal had to be in place.
By the first of
September 1995 the necessary preparations had been completed.
The first Saudization group started on Saturday the
16th of September, launching the process of the
Induction Program.
The
Mission
Our task as the team charged with the Induction Program
Saudization Project - is to help in the effort to increase the Saudization
ratio in NCB by recruiting talented new Saudi graduates, managing the
process and coordinating the work with all the related parties so that it
can work as efficiently as possible.
Our
Goal
At the beginning of the program, top management set a very
clear and high-aiming goal: to raise the Saudization ratio to 75%
bank-wide by the end of 2000. Today, we aspire to an even higher one: by
the end of 2004, NCB has to be 85% Saudized in terms of manpower.
Our
Target
The Induction Program aims to recruit and orient Saudis who
are new graduates of high school or a university and who hold a diploma,
Bachelor or Master degree in banking, managerial and/or computer-related
majors. In order to cope with globalization, they must also be bilingual
in Arabic and English.
What
we have achieved up to now?
During the last five years, the life of
the Induction Program, it has contributed to raising the Saudization ratio
from 50% to 73.4% today. That was through:
-
Orienting and
placing about 750 Saudi graduates.
-
Getting strong
support from top management.
-
Financial
support: a budget of more than SR 60 million during the
program's life.
You're always
most welcome.
If you pass our selection stage we'll be glad
to offer you the following:
Orientation,
Training and Development
You start with
the first induction year:
-
Getting to
know NCB's culture and main concepts and values like
teamwork and customer service.
-
Getting to
know the basis and rules of banking.
-
Creating and
developing soft skills like presentation, effective
communication and creative thinking.
-
Becoming
easily socialized in the workplace.
After you finish
this period you'll be in a continuous training and development
process based on the needs of the Bank and your job. This may
involve:
Compensations
and Benefits
The Monthly
Package
All employees receive a monthly salary (up to SR
10,500 for a new hire through the Program) which includes basic salary,
housing allowance and guaranteed bonuses.
Bonuses
Productivity Bonuses:
At the end of the year
each employee can receive a bonus of up to 3 months' basic salary based on
his performance.
Performance Bonuses:
Quarterly, the
most productive employee in a team or unit receives a bonus of
not more than 1 month's basic salary.
Loans
For only NCB's employees, there are
four programs to support them financially when ever thy need.
-
Staff
no-interest loans: A free-interest loan, up to 6 basic
salaries with period of payment of 2 years.
-
Murabah: Loan with 4% as
service fees, up to 9 basic salaries with period of repayment of 5
years.
-
Staff-20-salaries:
A very low interest loan of 7%, up to 20 basic salaries with
period of payment of 5 years.
-
Housing loans:
A very low interest loan of 4-6%, up to SR1.5 million with
period of payment of 20 years.
Medical
Insurance
Each employee, his wife(s)
and children are covered by full health insurance through a very wide
network of hospitals and medical centers, domestic and international.
Life
Insurance
The bank provide an insurance cover that:
Covers death ton
any cause, permanent total disability due to accident or
illness, or permanent partial disability due to accident
only.
Savings
Any employee can join the Employees'
Saving Program, in which 5% of his salary is deducted and saved every
month. After the third year, his savings begin to increase in value, and
by the twentieth year of his membership in the program, his savings
increase by 200%.
We'll call so
soon
If you want to join us, only send us:
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