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PASHA Bank, the leading corporate bank in Azerbaijan, was awarded the prestigious SAP Value Award. The project on automation of efficiency management and evaluation of employees based on PASHA Bank’s “SAP SuccessFactors” won the nomination “People are the most valuable capital”. Prize PASHA Bank Board Chairman Taleh Kazimova was presented by Rufat Hajialibeyov, Director of SAP Representation in Azerbaijan.
Thanks to the new innovations, the Bank has already set up a new staff productivity assessment system in the first months. The introduction of the latest cloud solutions will enable the Bank to monitor the performance of its key performance indicators and to evaluate its employees’ skills and develop their leadership qualities: all relevant indicators are taken into account in a single system. Analytical reports for HR department specialists are automatically created in less than a minute in real-time mode.
Success Factors With the launch of the software, the task has been simplified to appoint the Bank’s management to all employees. Because many of the tasks in the bank are in line with the decisions taken by the Management Board in front of the team, direct managers monitor the implementation of all projects in the system, team composition, and manage the whole process operatively. The Bank’s employees, in turn, can monitor their productivity and regulate the effectiveness management algorithms. As a result of the reporting period, employees are provided with a detailed form of monthly compensation.
“Automation of managerial management based on the latest cloud solutions has been reflected in many aspects of PASHA Bank’s operations and has led to some changes in the corporate culture of the Bank. So, the employees have begun to work more harmoniously to achieve the goals of the nation, which very well reflects our plans to use agile-methodology and digital solutions within the 2018-2020 Strategic Age. Possibility of more accurate assignments and calculation of the staff’s key efficiency indicators positively affects the main processes in the Bank and contributes to the strengthening of PASHA Bank’s position as a regional financial institution, “said Taleh Kazimov, Chairman of PASHA Bank’s Management Board.
“The SAP SuccessFactors solution is optimized for tasks related to the necessity of setting uniform goals in large-scaled large collectives. We hope that successful implementation of this solution in PASHA Bank will be a positive example for other large banks in Azerbaijan, and they will pay attention to the best world experience through cloud solutions, “said Rufat Hajialibeyov, Director of SAP Representation in Azerbaijan.