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Enhancing the quality and standard of living as a vibrant community
cultivating a future forward workforce
talent attraction and retention
The Saudi National Vision 2030 advocates the creation of a culture of high performance by attracting and retaining the finest Saudi and foreign talent to aid in the economic development of the Kingdom.
During the reporting period, ensuring effective talent acquisition became more crucial with ambitious growth plans alongside the launch of alrajhi bank’s new strategy. The talent scarcity of calibre in certain emerging and non-conventional domains resulted in a two-pronged approach by the HR Group;
1
Exploring new talent sourcing approaches – including the implementation of digitised talent acquisition tools and methods, successfully strengthening the bank’s talent pool. In addition to streamlining the acquisition of young talent, the bank successfully launched four new programs in 2024.
2
Facilitating effective knowledge transfer, multi-skilling, up-skilling and overall capacity development of the bank’s employee base, inclusive of freshly acquired talent.
Having strengthened its reputation as an employer of choice during the previous ‘Bank of the Future’ (BOTF) strategy cycle, alrajhi bank demonstrated its unique Employee Value Proposition (EVP), conducive working environment and enriched employee experience with live examples at two major Career Fairs in 2024. This, among other initiatives and campaigns to attract top talent resulted in the dedicated alrajhi bank Career website surpassing a staggering six million visits during the reporting period.
Continuing to build on its reputation as one of the Kingdom’s most sought-after employers, the year 2024 saw the bank attract and retain best-in-class talent through a range of initiatives, including employee benefits programs, both financial and non-financial training programs as well as a comprehensive Human Resources (HR) Policy that aims to empower and protect its employees.
Focus area
Competency-driven talent acquisition
Key highlights in 2024
8,871
new hires
Focus area
Nurturing talent through planned capacity building and development with motivating career progression
Key highlights in 2024
548,544
hours of training
Focus area
Creating an attractive employer brand through employee value proposition
Key highlights in 2024
20%
increase in participation in employee engagement survey
Focus area
Driving a performance-driven culture coupled with robust performance management framework and a performance-based rewards proposition
Key highlights in 2024
100%
employees receiving performance and career development reviews
Focus area
Increasing employee satisfaction and loyalty by effectively and rapidly actioning employee engagement survey results
Key highlights in 2024
7 initiatives implemented
Focus area
Integrating future-ready HR Technology
Key highlights in 2024
- 35,992 site visits
- 266 job opportunities listed
Focus area
Instilling a digital and agile mindset and culture
Key highlights in 2024
80,205
e-learning hours
alrajhi bank continuously invests in enriching all stages of the Employee Lifecycle during their engagement with the bank; talent onboarding is considered an equally significant stage of this lifecycle, with the bank delivering an engaging, educational as well as empowering onboarding experience to newly recruited alrajhi employees. At the time of onboarding, the bank provides the following benefits to employees:
- A Welcome Kit
- A new, exclusive ‘Staff Banking Account’ opened through the alrajhi banking app
- Digital hospitality with urpay wallet
- Introduction to the Buddy Programme to connect with an allocated existing employee for support and fellowship
These efforts have resulted in a 98% success ratio in offer acceptance, (98% offer acceptance rate by senior management level and above appointments) during the reporting period. In the year 2024, a total of 8,871 employees were hired across levels with a 21.7% turnover rate, cementing the bank’s position as an employer of choice in the Kingdom.