Baiduri Bank signed an agreement with Ishajaya Technology Sdn Bhd and SAP Malaysia Sdn Bhd to implement a new comprehensive human resources solution, as it continues its commitment to building the capabilities of its human capital. The signing ceremony took place at Baiduri Bank Headquarters in Kiarong recently.
Called SAP Success Factors, the cloud-based software is one of the largest Human Capital Management systems in the world with over 100 million users worldwide.
SAP Malaysia Sdn Bhd, one of SAP’s regional hubs in the Asia-Pacific, will provide the bank with the solution, while Ishajaya Technology Sdn Bhd will be the local support and implementation partner.
The Human Resources suite will cover core human resources processes and major pillars of talent management that include recruiting, learning, performance management, compensation, employee onboarding, and succession and development. The aim of this new solution will be to provide the bank with the talent solutions and tools to produce, measure and improve its business results through its personnel.
Signing the agreement on behalf of Baiduri Bank was Chief Executive Officer Ti Eng Hui, while SAP Malaysia Sdn Bhd (Brunei Country Manager) Khoo Chee Wei and Ishajaya Technology Chief Executive Officer Elvin Hii signed on their companies behalf.
Ti elaborated on the bank’s commitment to invest in the future generation of leaders to face brand new challenges in the banking industry, and at the same time contributing to the efforts in reaching the goals of Brunei Vision 2035 – one of which is making Brunei a nation widely recognised for the accomplishment of its educated and highly-skilled people.
The vision also aligns with the Autoriti Monetari Brunei Darussalam (AMBD) Financial Sector Blueprint 2016-2025 of developing human capital, addressing skill-gaps and educating locals toward the financial sector, which is critical to Brunei’s economic diversification.
The bank recently also signed agreements to invest in a global online training platform to upskill its personnel with the intention to certify them to global industry standard and welcomed the first batch of the Management Associate Programme, further solidifying its commitment to improving its talent pool.
Ti said, “We recently signed an agreement with one of the largest cloud human capital management providers in the world for a comprehensive suite of HR solutions. This will provide the Baiduri Bank Group with the talent solutions, and tools we need to produce, measure and improve our results through our people.
“This goes to show that the Baiduri Bank Group strongly believes in investing in nurturing talent, not just to create a more dynamic workforce that is future ready, but also to build potential leaders for the future.”