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Arion Bank

Borgartúni 19, 105 Reykjavík

SSN: 581008 - 0150

Swift: ESJAISRE

LEI: RIL4VBPDB0M7Z3KXSF19

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  1. The Bank
  2. ▸
  3. Human Resources
  4. ▸
  5. Human Resources Policy

Our Hu­man Re­sources Policy

Our employees are a dedicated team of professionals who are passionate about their work. Together we aspire to understand and meet the needs and expectations of our customers because their success is our success.

Our goal is to be an attractive place to work and to create a positive and motivational working environment. Our human resources policy is based on six themes whose common goal is to promote employee satisfaction, growth and engagement.

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A clear vis­ion for equal­ity

We respect human rights and equality and place an emphasis on diversity throughout our business*.

We work in accordance with an equal pay policy to ensure equal terms for equally valuable jobs and transparency on pay.

We also place importance on equal opportunities and on creating a workplace culture where all employees can thrive.

Equality and human rights policy

The right people

Our goal is to retain and attract outstanding employees and to help them grow professionally and personally. We ensure that the hiring process is professional from start to finish and that every position is occupied by a person who fits the needs and strategy of the company at any given time. We warmly welcome new employees and ensure that training is carried out effectively. We seek to ensure that people leave on the best possible terms.

Retirement policy

Con­tinu­ous learn­ing and de­vel­op­ment

We offer diverse learning and development to develop the skills and knowledge of our employees.

Employees are encouraged to show initiative and ambition to develop in their work and take responsibility for their own knowledge.

By investing in learning and development we create an environment where employees can grow and ensure that we take a professional approach.

Learning and development policy
  Our human resources policy

Res­ult­s-driven cul­ture

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

Employees share their expertise and information with their colleagues. With an efficient work environment, a creative mindset, and a culture of improvement, we find solutions and achieve success. We adopt goal setting and measure success.

Strong lead­er­ship

We have an excellent management team with diverse skills and a clear vision for the future. Our management team sets a good example, is inspirational and provide regular and constructive feedback to employees.

When hiring for management positions, the aim is to recruit individuals with diverse experience, skills, and knowledge.

Job sat­is­fac­tion, well-be­ing and so­cial in­ter­ac­tion

We strive to create a motivational working environment and to support our employees. Communication at the workplace should be based on mutual respect and there is zero tolerance of bullying, gender-based and sexual harassment, and violence. It is everyone’s responsibility to prevent such behaviour.

We safeguard the health of our employees and place importance on creating a safe and healthy working environment. We offer an attractive working environment and are a family-friendly workplace. By offering flexibility at work and the ability to work from home, we meet the needs of our employees and promote a healthy work-life balance.

In order to implement the human resources policy and to measure performance in human resources, various tools are used such as 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 remuneration policy, which is approved at the annual general meeting pursuant to a proposal from the board of directors and also refers to the sub-policies which define in more detail how key components of policy are carried out. The 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.

*In accordance with the EBA guidelines. Data on diversity and the gender pay gap is collected regularly and deviations are analyzed.