รายงานความยั่งยืน

For Our Employee

A business needs talented and dedicated individuals to thrive, just as a plant needs fertile soil to grow. Krungthai's employees are our most valuable asset, comprising thousands of talented individuals whose efforts enable us to build and maintain strong relationships with our customers, partners, and stakeholders across Thailand and beyond.

For us at Krungthai Bank, we strongly believe that sustainable success depends largely on effective Human Resource Management. By attracting and retaining the best talent, cultivating a skilled and flexible workforce, fostering diversity and inclusivity, promoting ethical behavior, and prioritizing employee wellness, the Bank can build a robust and resilient foundation that guarantees success and growth even in the midst of constant change and competition.

Amidst a fast-paced and ever-changing environment, the Bank is committed to enhancing its Human Resource Management practices to maximize the capabilities of its people and prepare them to move forward with the organization.


Talent Attraction and Retention

Attracting Young Talents

The Bank has focused on attracting potential employees to join the Bank from the beginning in a proactive manner and has increased channels for recruiting outstanding talented personnel through various recruitment channels such as recruiting high-potential personnel who received scholarship from the government agencies, namely scholarship students from the Development and Promotion of Science and Technology Talents Project (DPST) and the National Science and Technology Development Agency (NSTDA) which allows the Bank to acquire a group of young talents from various academic institutes with specific skills base which is necessary to drive the bank towards digitization. The Bank also offers internships to students from universities and vocational colleges across the country who are pursuing fields related to digital technology and innovation. These internships provide an opportunity for students to gain practical experience by working with the Bank and companies in the Bank's financial group, such as Infinitas by Krungthai and Arise by Infinitas. Through these programs, the Bank seeks to establish cooperation with educational institutions and identify talented individuals for potential future employment opportunities.


Fair Compensation

To attract and retain talent, the Bank analyzes and reviews remuneration and welfare strategies on a yearly basis to ensure that the benefits plan is competitive against our peers. The Bank adheres to the Performance Driven Organization (PDO) Policy, which rewards employees based on their performance, thus creating an organization that is driven by results. Furthermore, the Bank ensures that its employees receive fair compensation and benefits commensurate with their position and level of responsibility, in alignment with industry standards. The Bank offers a range of welfare benefits that cater to the diverse needs of its employees. In addition to the existing compensation and benefits, the Bank is also considering providing high-potential employees with an additional salary increase during the year. The Bank provides additional compensation in the form of performance-based bonuses to employees who have demonstrated exceptional performance in the past year. This incentivizes employees, fosters motivation, and encourages commitment to continuous improvement.


Retention of Talented Workforce

The Bank has improved the process of retaining high potential employees by considering the six dimensions that affect the cooperation of our employees, as follows

  1. Leadership The Bank focuses on creating activities that provide opportunities for high- potential employees to participate in important events or activities of the Bank together with the senior executives so that such employees can learn the job and receive the policies directly from the executives, such as assignments to work as an assistant executives ( Job Shadowing) so that they can work on behalf of executives in the future which will be an inspiration and the feeling of being appreciated to them.
  2. Communication The Bank implements activities to encourage two-way communication between high potential employees of the Bank and high-ranking executives of the Bank including Executive Inspiring Talk, the activities that arranged for executives to convey the policies in the top-down approach and the high-potential employees to present their various initiatives in the bottom-up approach.
  3. Atmosphere The Bank has created a conducive working environment by establishing a cross- functional work plan that promotes an Agile Culture. This plan includes a job rotation program for high potential employees, which allows them to learn and rotate through various departments of the Bank, including subsidiary companies through secondment. These activities promote their potential, help them develop a well-rounded skill set, and expand their responsibilities through job enlargement. For instance, high potential employees have had the opportunity to temporarily work at Infinitas by Krungthai or participate in Hackathon activities to gain experience in brainstorming and creating new ideas and innovations.
  4. Total Rewards The Bank ensures that the salaries and remuneration for high potential employees are appropriate and in line with the market rate and also monitors the career paths of high potential employees to ensure that they have an appropriate progression path that aligns with their performance.
  5. Opportunities The Bank also assigns the challenging and important jobs or projects to the high potential employees to develop their potential including a job Rotation Plan so that the high potential employees have the chances to learn and help working in various fields of the Bank. Additionally, the Bank arranges Digital Short Courses, provided by world-leading educational institutions, for the high potential group to enhance their knowledge in digital wisdom.
  6. Pride The Bank promotes Job Enlargement and Job Enrichment for high potential employees by expanding their job responsibilities and increasing the value of their work. This includes allowing employees to share their knowledge and work experience through podcasting and knowledge sharing, promoting a new working style and corporate culture, and even sharing new digital knowledge with all employees of the Bank. This helps drive organizational change and creates a sense of pride and admiration, which helps retain high potential employees in the future. Additionally, the Bank sends e-congratulations cards on various occasions to high potential employees as a form of praise.


Human Capital Development

Employee Performance Evaluation

The Bank has implemented a Performance Management system that is systematic and continuous, aimed at driving employee performance to achieve goals set by the Bank, departments, and individuals. This process includes

  1. Planning to determine performance measures, goals, and evaluation criteria that are clear and aligned with the Bank's strategic direction. Performance indicators (KPIs) are used as tools to set employee performance goals that have been agreed upon between supervisors and employees. This emphasizes the importance of involving supervisors and employees in pushing for higher performance.
  2. Performance monitoring, advice, and coaching (Coaching and Feedback): Supervisors monitor the performance of their subordinates to track progress toward KPI goals. Additionally, supervisors develop their subordinates' performance by providing coaching and advice.
  3. Performance is evaluated by measuring work success and comparing it to target goals.
  4. Performance assessment is linked to compensation consideration, including monetary and non-monetary rewards, to motivate employees with good performance and a determination to work according to the principle of Pay for Performance, leading to a Performance- Driven Organization.

    In 2022, the Bank introduced an additional performance appraisal method for the senior executive group, in addition to the KPI performance appraisal. This method, called Objective and Key Results (OKRs), focuses on evaluating the executives' contributions towards driving the Bank's main mission and improving work efficiency. The OKRs tool is designed to ensure that the senior executives' goals are aligned with the Bank's strategic direction and that they are actively working towards achieving them.

Strategic Workforce Planning

The implementation of People Analytics is a crucial factor in enabling the Bank to develop a well-suited workforce management plan that is aligned with the Bank's strategy. By analyzing the Bank's short-term and long-term strategies against the status of its workforce and talent skills, People Analytics helps to identify areas of improvement and determine the most effective strategies for developing the Bank's human capital.


Human Capital Development Strategy

Krungthai Bank has established Human Capital Development guidelines with the goal of enhancing employees' skills in four areas: Core Competency, Digital Competency, Leadership Competency, and Functional Competency. These guidelines allow the Bank to evaluate, manage, and design Individual Development Plans (IDPs) for its employees more effectively. The Bank periodically reviews and improves this process to align with the current business context and strategy, resulting in the efficient allocation of human resources and workforce within the organization.



2022 Training Highlights

CPD for FP Module 5: Up Sales, Cross Sales & Big Case Financial Credit Master

Program objectives:

1. Training on Up selling

2. Training on Cross selling

3. Empowering attendees to understand how to create business opportunities from existing and new customers and customer demand analysis in order to sell Big Case

Program objectives:

1. Understanding the accounting cycle practices, analysis, and financial report writing. 

2. Effective analyzing customer data in the sSME segment.

Participants:

865 Financial Planning Officers

Participants:

670 Financial Credit Officers

Return on training investment

456%

Return on training investment:

46.43%

Business impacts:

Revenue from fees of insurance sells, compared between March – May 2022 and after training (July – September 2022), the sell increased 1,931,732 Baht; the number of customers increased 117 accounts.

Business impacts:

Revenue from sSME loans of employees who had been trained from July – November 2023 was higher than employees who had not been trained by 432.529.11 Baht.  In addition, 75% of attendees believed that the increase of revenue came from the training.

Employee Engagement

The Bank is committed to taking care of its employees and building a strong connection with them. This is done through bi-annual surveys on employee engagement, with the aim of improving human resource efficiency and formulating strategies to strengthen engagement at both the overall Bank and group level. In 2022, the Bank adjusted its operational commitment survey to effectively measure results and align with employee needs and expectations. These efforts aim to elevate employee commitment and achieve tangible results. Based on the 2022 employee engagement survey conducted by the Bank, 98.67% of employees responded to the survey, with an overall survey result of 91.60% for the Bank.

Long-Term Incentives for Employees

The Bank pays a bonus to an employee who is leaving the Bank or to the heir of a deceased employee. The amount of the bonus varies based on the length of time which an employee has worked for the Bank.


Occupational Health and Safety

At Krungthai Bank, we recognize the critical importance of ensuring the health and safety of our employees and stakeholders, as well as providing a secure and risk-free work environment. In line with this commitment, we have upgraded our Safety, Occupational Health, and Working Environment operations to meet the Occupational Health and Safety Management System Standard: ISO 18001. Our framework includes specific targets for Occupational Health and Safety, safety policies, safety vision, and safety mission guidelines to ensure compliance with laws and safety standards. By fostering a corporate safety culture, we aim to create a workplace where employees feel like Krungthai “Bank is their second home”.

Krungthai Bank has implemented a policy to promote and implement safety, security, health, and environmental practices across all departments. This policy is standardized throughout the organization, from the head office to regional branches, through KTB-SSHE (KTB – Safety, Security, Health, and Environment) system. The Bank has tailored specific actions to mitigate risks that may occur in each workplace or environment to create a secure, safe, and risk-free working environment for all employees.

The performance of the Operational Health and Safety was reported to the Environmental Management for Employees’ Welfare Committee for acknowledgement. The Committee consists of executives from all Groups. Their duty is to review the Bank’s occupational health, safety, and environment management process and plans, communicate the operations, and execute safety improvement plans in accordance with the President’s policy. The Head of the Human Resources and Corporate Governance Group acts as the chairman of the Committee.


Occupational Health & Safety Performance


Safety Vision, Mission, and Values of the Bank


Vision

“Krungthai Bank places a strong emphasis on the health and well-being of its personnel throughout the organization. By creating a safe and suitable work environment, the Bank aims to improve work efficiency and enhance the quality of life for all personnel”.


Mission
  • Provide training and promote safety awareness among all personnel throughout the organization.
  • Identify and assess hazards that could affect the health of personnel and visitors, and take appropriate measures to control them.
  • Maintain a proper and safe working environment for all personnel throughout the organization.
  • Encourage personnel throughout the organization to prioritize their physical, mental, emotional, and social well-being.

Values
  • Krungthai Bank prioritizes safety and complies with safety laws and standards, maintaining a spotless record without penalties or fines from government agencies.
  • The Bank places great importance on safety.
  • Which has built up its positive image.
  • All executives and employees are safety-conscious, performing their duties with the utmost care and avoiding accidents in operations, adhering to the 'Zero Accident' policy.

The Bank has established the KRUNGTHAI SAFETY TOGETHER project, which encompasses three goals: Law, Knowledge, and Workplace, and operates in three areas. The Bank prioritizes the health and well-being of its employees throughout the organization by creating a safe, suitable, and risk-free working environment, ultimately improving work efficiency and enhancing employees' quality of life. This project has four missions, as follows

  1. To educate and raise safety awareness among all employees throughout the organization.
  2. To assess and control hazards that may affect the health of employees and visitors in contact with the Bank.
  3. To maintain a safe and suitable working environment.
  4. To promote good physical, mental, emotional, and social well-being for all employees throughout the organization, incorporating the following six Safety Values.

The Bank regularly provides knowledge on occupational health and the working environment by organizing training courses. In 2022, there are 7 classes organized with a total of 268 people participated in the training as follows


Incident Investigation and Reporting Procedure

To ensure compliance with the law on Safety, Occupational Health, and Working Environment, the Bank has established procedures for reporting incidents, collecting data and statistical records on incidents and near-misses, and analyzing this information to determine prevention and correction plans.

The Bank reports its Occupational Health and Safety performance at least once a year to the Environmental Management for Employees' Welfare Committee, which is authorized by the President and the Corporate Governance and Social Responsibility Committee, as well as to the Board of Directors. The Head of the Discipline and Employee Relations Department is responsible for Occupational Health and Safety and reports on performance according to several indicators, including


Employee Health and Well-being

In addition to complying with the requirements of the Safety, Occupational Health and Environment at Work Act B.E. 2554 (A.D. 2011), such as organizing annual health checks, providing compensation for disability/death resulting from work, and ensuring a safe workplace, the Bank places great importance on the health and well-being of its employees through a variety of activities and projects.

The Bank actively promotes awareness and understanding of gender bias and discrimination in the workplace. Additionally, employees are entitled to 98 days of maternity leave. Upon return, they have the right to resume their original job or an equivalent position with the same or higher salary as before their leave.