Human Resources Policy

The Human Resources Policy aims to create a positive and motivational work environment and to support our employees in their work and private lives. There is a strong emphasis on attracting and retaining outstanding employees and helping them develop professionally and personally.

We create equal opportunities and place importance on improving people’s skills in a performance-driven culture. Together we aspire to understand and meet the needs and expectations of our customers because their experience is the heart of Arion Bank.

The right people
  • We ensure that the hiring process is professional and that every position is occupied by the right person.
  • We warmly welcome new employees and provide them with focused training and instruction.
  • We seek to ensure that people leave the Bank on the best possible terms.

The Remuneration Policy of Arion Bank

A clear vision for equality

We observe the principle of equal opportunities at all times. Any kind of discrimination is contrary to the Bank’s equal opportunities policy and is prohibited under equal opportunities legislation.

The Bank works in accordance with an equal pay policy to ensure equal terms for equally valuable jobs and transparency on pay.

Strong leadership
  • We have an excellent management team with a clear vision for the future.
  • Our management leads by example and motivates the employees.
  • Management provides regular and constructive feedback to employees.

Continuous development and training
  • We place great importance on maintaining and developing employees’ knowledge and skills by providing training and offering a diverse range of courses.
  • We provide opportunities for professional development with new challenges, greater responsibilities and challenging tasks.
  • We encourage our employees to demonstrate the ambition and will to improve and develop in their jobs.
Education and training policy
Job satisfaction, well-being and social interaction

We seek to ensure a safe and healthy working environment where the well-being and satisfaction of our employees are central.

We take responsibility. There is zero tolerance towards bullying, sexual harassment and other inappropriate behaviour. It is everyone’s responsibility to prevent such behaviour.

We emphasize the importance of our employees being able to combine their family duties and work responsibilities as effectively as possible.

Health and safety policy
Remote working policy

Performance management

We work together to achieve positive results in the tasks assigned to us and give positive feedback when someone has done a good job.

We adopt goal-setting and measure the performance of individuals and teams and link it to the renumeration policy.

We strive to find solutions by developing an effective working environment and a culture of continuous improvement, guided by the needs of our customers.

We strive to communicate and share knowledge and information with our colleagues

Various tools are used to obtain information on the effectiveness of the Human Resources Policy. These include in-house surveys, interviews, workplace audits, management assessments, measurements of employee turnover, statistics on absence, hiring and equality etc.

The Human Resources Policy makes reference to the Bank’s Remuneration Policy, which is approved at the Annual General Meeting pursuant to a proposal from the Board of Directors, and also refers to the Bank’s sub-policies which define in more detail how key components of policy are carried out. Arion Bank’s Human Resources Policy is reviewed annually and approved by the Board of Directors. The sub-policies of the Human Resources Policy are the responsibility of Human Resources and are updated as required. The Board Remuneration Committee is informed of any changes, as applicable.