Institutional Capacity Building for DFIs: The DBP Experience (Second presentation) Isidro A. Sobrecarey Vice President and Chief of Staff Office of the Chairman Development Bank of the Philippines ADFIAP-CEO Forum VIII Dec. 5-7, 2011, Thimphu, Bhutan DBP’s Corporate Culture Program The Strategy - Human Resource Management Value Formation The DBP Human Resource Experience The DBP Human Resource Experience HR investment = Financial + Social Dividends The DBP Human Resource Experience HR investment = Financial + Social Dividends Organizational and People Transformation Non-Performing Accounts Economic Difficulty and Political Interventions Bankrupt World Bank wanted DBP CLOSED 1986 Rehabilitation Plan Viability Professionalism Integrity Unifying Force Unifying Force Corporate Culture Program DBP Rehabilitation and Institutional Strengthening DBP Rehabilitation and Institutional Strengthening Values reform DBP Rehabilitation and Institutional Strengthening Values reform Organizational reform DBP Rehabilitation and Institutional Strengthening Values reform Organizational reform Credit process reform Changes Through Corporate Culture H dramatic turnaround in business growth and image rebuilding H conduct of personal and professional lives Institutionalization of Corporate Culture DBP Family Guiding Principle of HRM Strategy DBP Family Traditions Weekly Monday Commentaries DBP Family Credo (Head Office and Branches) Concepts, norms and values supportive of Corporate Culture Themes “If we accept that banking is people, then our human resource must have the highest strategic value to our organization.” DBP HRM Programs Innovative training programs Knowledge Echo transfer and replication training Alternative more training media effective training in less time and less cost Career and Development Programs - Targeted selection - Assessment Center - Quality Circles: QuEST - Continuing Professional Education HR Programs (cont.) Excellence Awards President’s Award DBP’s Best New Performance Evaluation System New Performance Evaluation System CSC-model shift from 360 degree appraisal to rigid performance measurement indicators and ratings interdependencies of HR systems, programs and processes Corporate Culture interdependencies of HR systems, programs and processes Corporate Culture interdependencies of HR systems, programs and processes unifying force Corporate Culture interdependencies of HR systems, programs and processes unifying force Core Values: Integrity, Competence, Teamwork and Professionalism Global Paradigm Corporate Culture not as abstract entities Found not in archives Very hearts and minds of people Not a one shot deal Sustaining Corporate Culture Viability through values and virtues Fulfilling DBP Mission under exceptionally sound values and virtues Values: Efficient Vehicle for Development AWARDS and CITATIONS EMPLOYER OF THE YEAR Personnel Management Association of the Philippines Center for Excellence Senate Committee on Civil Service and Government Reorganization People Development and Management Asian Institute of Management and Far Eastern Economic Review EMPLOYEE-FRIENDLY EMPLOYER Convenor’s Group of Public Sector Unions and Association in coordination with the Civil Service Commission AMONG THE TOP TEN EMPLOYERS Hewitt Associates BEST HUMAN RESOURCE DEVELOPMENT PROJECT AMONG DFI’S IN THE ASIA PACIFIC REGION A PREMIUM HUMAN RESOURCE DEVELOPMENT PROGRAM ATTRACTING THE BEST AND THE BRIGHTEST TO JOIN DBP A CORPS OF DEDICATED, EFFICIENT AND COMMITTED PUBLIC SERVANTS DBP’S CORPORATE RE-BRANDING DBP’S CORPORATE RE-BRANDING DBP’S CORPORATE RE-BRANDING FORWARD LOOKING CORPORATE CULTURE Competitive edge Synthesis versus analysis CORPORATE CULTURE DEVELOPMENT Thank you!