Polaris Bank has secured a remarkable achievement by clinching the Sectoral Winner title in the Banking and Other Financial Institutions category at the prestigious 2024 NECA Employers’ Excellence Awards. The event, hosted at the Balmoral Convention Centre, Ikeja, highlighted organizations that exemplify outstanding workplace culture and management practices.
This accolade marks a pivotal moment for Polaris Bank, being its first recognition for innovative Human Resource (HR) practices. It underscores the Bank’s commitment to cultivating a workplace that prioritizes employee well-being, innovation, and sustainable development.
The NECA Employers’ Excellence Awards, now in its fourth edition, is an annual celebration of businesses excelling in leadership, people management, corporate governance, Environmental, Social, and Governance (ESG) practices, and technological innovation. Polaris Bank stood out for its progressive HR strategies that foster an inclusive, employee-centric environment while driving responsible business practices.
Reflecting on the milestone, Polaris Bank’s Managing Director/CEO, Kayode Lawal, stated:
“Winning this prestigious award accentuates our deliberate approach to promoting an environment where employees can thrive, innovate, and contribute meaningfully to the Bank’s success. This recognition solidifies Polaris Bank’s position as an employer of choice and a great place to work. I congratulate the entire Polaris Bank family for this outstanding achievement. It could not have been any BIGGER!”
Polaris Bank’s recognition complements its streak as Nigeria’s Digital Bank of the Year, a title it has held consecutively since 2021 at the Business Day Banks and Other Financial Institutions (BAFI) Awards. Together, these accolades underscore the Bank’s reputation as a leader in innovation, technology, and human capital development.
Experts Weigh In: What Sets Polaris Bank Apart?
Polaris Bank’s sectoral win has sparked industry-wide discussion, with experts praising its unique approach to HR innovation and organizational excellence. Here’s what they highlighted:
1. Employee-Centric Policies
“Polaris Bank’s progressive policies reflect a deep understanding of employee needs,” says Dr. Funmi Johnson, an HR consultant. “From flexible work schedules to mental health programs, the Bank has cultivated a workplace where employees feel supported and valued.”
2. Leadership Development and Talent Upskilling
According to financial sector analyst Michael Olatunji, “Polaris Bank’s investment in leadership development and skill-building ensures its workforce is prepared for today’s challenges and tomorrow’s opportunities.”
3. Digital Innovation in HR
Tech consultant Adebayo Akinola notes, “Polaris Bank has redefined HR processes through digital tools, streamlining recruitment and performance evaluations while focusing on strategic growth.”
4. Emphasis on Diversity and Inclusion
“Polaris Bank champions equity and inclusiveness, setting an example for the sector,” says Mrs. Ngozi Eze, a DEI advocate. Its initiatives to increase female leadership and foster inclusivity have earned widespread acclaim.
5. ESG and Corporate Responsibility
Polaris Bank’s focus on sustainable practices and community engagement has also been instrumental. ESG expert Dr. Adeyemi Oladapo highlights, “Their alignment of employee-driven initiatives with broader corporate responsibility goals has further solidified their status as a socially responsible employer.”
A Model Employer in Nigerian Banking
Polaris Bank’s recognition at the NECA Employers’ Excellence Awards reflects its holistic approach to innovation, employee engagement, and long-term sustainability. With its forward-thinking HR practices, the Bank continues to set benchmarks for the Nigerian financial sector.
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