A result-oriented, initiative-driven, well-knit team is by far the most important component in implementing the VTB Group’s Development Strategy for 2022. That is why Group companies’ efforts in developing a highly effective organisation and culture, continuously increasing employee engagement, and improving remuneration and training systems are an immediate priority for VTB.
In addition to streamlining all processes, the VTB Group is actively expanding its business. The Group’s average headcount rose to 68,561 , in 2019, a 19% increase YoY. Out of that number, 14% was due to newly acquired assets.
The voluntary turnover rate in 2019Voluntary turnover is the ratio of the total of employees who left the company of their own accord to the average headcount. was around 21%, both including and excluding newly acquired assets. The total employee turnover (outflow of staff )The total turnover is calculated as the ratio of the total of employees who left the company of their own accord, were terminated for other reasons, retired, or died as an employee of the company to the average headcount. was 28% with new assets included and 27% with new assets excluded.
VTB Group’s voluntary turnover rate in 2019, % (including new assetsOur new assets include Vozrozhdenie Bank, Sarovbusinessbank, and Zapsibkombank.)