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Talent Development and Inclusion

Talent Development and Inclusion

We are dedicated to empowering our colleagues by building an inclusive organisation and providing them with professional development opportunities.

Respecting freedom of association

 

We respect our colleagues’ lawful right to freedom of association and collective bargaining. Our approach is to maintain mutually-trusted and respectful relations with employee unions. We hold regular meetings with union representatives to understand and to address their concerns and expectations.

In Singapore, we engage three unions, namely the Banking and Financial Services Union, The Singapore Bank Employees’ Union and The Singapore Manual & Mercantile Workers’ Union. We engage four unions in Malaysia (National Union of Bank Employees, Sarawak Bank Employees’ Union, Sabah Bank Employees’ Union and Association of Bank Officers Peninsular Malaysia) and one in Indonesia (Serikat Pekerja United Overseas Bank).

The collective bargaining agreements we have with the unions cover wages and working conditions such as working hours, retirement age and re-employment, shift work, allowances, transport reimbursement, leave benefits, medical benefits, insurance benefits and grievance procedures.

Colleagues who can be represented by unions include:

  • all employees in Indonesia;
  • Officer II or below in Malaysia; and
  • Senior Officer or below in Singapore.

Embracing diversity and inclusion

 

At UOB, diversity spans gender, culture, ethnicity, nationality, experience and skillsets. Creating and maintaining a supportive work environment in which every individual can succeed in their career is a critical part of our strategy in serving the needs of our diverse customer base. Under our Recruitment Policy, we practice non-discriminatory hiring, with all hiring decisions based on each individual’s merit and suitability for the role in accordance with business needs, job requirements and qualifications.

We value people who can contribute their skills and experience, as part of our inclusive people strategy.

 

Helping more people return to work

Our gig employment model in Singapore, Gig+U, enables retirees and women who have left the workforce to take on flexible work that suits their needs and work-life priorities. Medical insurance benefits are offered to eligible employees in the programme.

Our SURF (Supporting Ur Retirement and Future) programme aims to adequately prepare employees for retirement or re-employment within the Bank. All Singapore permanent employees nearing the statutory retirement age with five years of continuous service will be automatically enrolled into SURF with medical insurance coverage extended for six months after retirement.

 

Advocating inclusive hiring

We champion disability inclusion through the UOB Scan Hub, our centre for digitising documents from various functions, and our Wholesale Operational Readiness Centre (WORC), which manages user acceptance testing processes. We partner the Autism Resource Centre and SPD in Singapore on a structured training programme for persons with disabilities to ensure that work processes and office environments are suited for their needs and are structured for long-term success.

Fostering a family-friendly culture

We foster a family-friendly culture by supporting employees who are parents. Our care measures (may differ in certain markets based on local requirements) include:
Leave

Leave

Maternity leave of up to 16 weeks; shared parental leave of up to four weeks, in addition to paternity leave of up to 20 days; and infant care no-pay leave of up to 12 days

Facilities

Facilities

Dedicated nursing rooms, which are fully equipped and include security access for greater privacy

Apparel

Apparel

Branch apparel that cater to colleagues with specific needs, for instance those who are pregnant or are required to don customary modest clothing

Ensuring training and development

 

We continue to strengthen our employees’ capabilities and develop our pipeline of leadership and future talent through various career development opportunities. UOB provides employees with structured learning pathways on banking fundamentals, workplace effectiveness and essential skills to thrive in the rapidly-changing banking environment.

These programmes include:

  • the Better Leader Programme, which equips leaders with practical skills on personal effectiveness, team leadership and stakeholder engagement to build culture and reinforce accountability.
  • the Leadership Acceleration Programme, which provides high-potential high performers with leadership development and executive coaching, job rotations and strategic project assignments, senior management exposure and opportunities to accelerate their career within the organisation;
  • the UOB Leadership Academy, which delivers a blend of experiential and application-based learning for our high-performing talents in collaboration with leading global business schools such as Columbia, Massachusetts Institute of Technology and Tuck;
  • the Better U Upskilling Offerings to build critical core competences in areas such as digital fluency, problem-solving, business literacy and human-centred skills;
  • the Better U Pivot Programme, a 12-month on-the-job reskilling and mentoring programme for employees in Singapore and Malaysia to transition into new positions within the Bank, if their jobs are impacted by developments such as digitalisation or automation enhancements;
  • the Management Associate Programme, an 18-month programme that provides fresh graduates with opportunities to build their skills across the organisation;
  • the U Unleash Programme, year-long internships for final-year polytechnic and Institute of Technical Education students from selected disciplines in Singapore, with high performers offered a full-time position or academic sponsorships upon graduation; and
  • work-study degree pathways for polytechnic talent with industry-aligned curricula, traineeship and internship opportunities in partnership with institutes of higher learning in Singapore.

Managing employee performance

 

UOB is committed to fostering a meritocratic and high-performance workplace culture. Our integrated performance management framework, PEAK (Plan, Engage, Appraise, Keep Track), reinforces our UOB values of Honour, Enterprise, Unity and Commitment.

 

The PEAK framework is designed to support career development by assessing and rewarding performance in an objective and fair manner. Using the PEAK framework, colleagues consult their managers to establish their business and personal development goals at the start of the year. Managers then hold PEAK performance discussions with their team members throughout the year to review their progress against agreed key performance indicators (KPIs) and to address their challenges.

Our PEAK process is supplemented by the Performance and Development Council (PDC), where senior management discuss employees’ performance and development needs in a fair and transparent manner, and 360˚ feedback, through which direct reports, peers and internal stakeholders provide anonymous feedback on the appraisee for important but hard-to-measure behaviours such as values, collaboration and employee development.

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Workplace safety, health and well-being

Workplace safety, health and well-being

We are committed to building a workplace environment that ensures our people’s safety, health and well-being.

UOB Code of Conduct

UOB Code of Conduct

Our UOB Code of Conduct lays down the principles of personal and professional behavior, including respect of human rights, expected of all UOB.

Modern Slavery Statement

Modern Slavery Statement

UOB’s Modern Slavery Statement reiterates our actions to mitigate risks of slavery and human trafficking within our business and supply chain.

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