FAR EASTERN UNIVERSITY

Dalag, Angeli M. Student No.: 2013556921

MBA 710 – Section 1 May 30, 2020

Best Practices
Bank of the Philippines Islands (BPI)

Founded in 1851, Bank of the Philippine Islands (BPI) is the first bank in
the Philippines and Southeast Asia. BPI is a universal bank and together with its
subsidiaries and affiliates, it offers wide range of financial products and solutions
that serve both retails and corporate clients. BPI’s services includes consumer
banking and lending, asset management, insurance, securities brokerage and
distribution, foreign exchange, leasing, and corporate and investment banking.

I’ve been working with BPI for almost 3 years and I can say, as to what I’ve
observed, that BPI really takes care of their employees. I’ve gathered what I think
are the best 3 practices of BPI in terms of HR Planning:

1. Quality Employee Training and Development. Having trainings and education

are essential to the bank’s growth strategy. BPI ensures that their employees are
trained, steeped in best practices, and exposed to an environment that nurtures
continuous leading. With that, BPI was able to provide quality services to their
clients.

2. Reviewed Employee Welfare. BPI makes sure that their regular employees
receive comprehensive pay and benefits package, which is reviewed periodically
and adjusted to retain current employees and entice new talents.

3. Comprehensive Employee Health and Safety Programs. BPI believes that they
must create an environment where their employees have opportunities for
development in tandem of their mind and body. BPI focuses not only on its sales
but also to employees’ health and safety. They provide comprehensive medical
program for their employees and dependents. There are also sports, aerobics, etc.,
for their employees. And now, with the pandemic, BPI allows their employees to
work at the comfort of their homes. Those who report to the HOs and branches
were provided PPEs and conduct strict implementation on social distancing to
provide employees’ and clients’ safety. BPI also provides rapid testing for their
employees.

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