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Case Study Raiffeisen: Banking on talent – Building a workforce for future success

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Raiffeisenbank is a leading international bank and one of the largest banking groups in CEE, offering a wide range of products and providing financial services in all customer segments. The bank has become renowned for granting employees many opportunities to develop their careers internally, distinguishing it above its competitors, and establishing the bank as a great employer, with little employee attrition. However, recently in the Czech Republic the bank has been facing multiple challenges. It has just acquired another company and is currently trying to assimilate the two companies and sets of employees. The Czech Republic also has very low unemployment at the moment, creating fierce competition for talent, as well as lowering employee satisfaction with internal career opportunities. This has placed far greater pressure on retention and internal career progression. Why Cornerstone? Previously, Raiffeisenbank's HR processes were not properly interconnected, rather clunky and failing to maximise the potential of the internal portal. With the increased importance of retention and talent pipelines, Raiffeisenbank wished to overhaul its system to seamlessly incorporate performance, development and talent planning, hoping to better aid internal employee development and uphold the company's reputation for great internal mobility and career opportunities. Banking on talent –Building a workforce for future success Industry: Financial Services Region: Central Europe Live since: 1st July 2013 # of users: 3,200 Business Impact: Streamlined performance management and created an internal job market to better facilitate internal career mobility. RECRUITING SUITE LEARNING SUITE PERFORMANCE SUITE

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