Swedbank Wins Award for Competency Development.REDWOOD SHORES, Calif. -- Saba Customer and One of the Largest Banking Groups from the Nordic Region Receives "The Competency Company of the Year 2004" Award from the Swedish Competency Development Group Saba (Nasdaq:SABA), the leading provider of human capital development and management (HCDM HCDM Human Capital Development and Management ) solutions, today announced that Swedbank, one of the largest banking groups in the Nordic area, has been named "The Competency Company of the Year, 2004" by the Swedish Competency Development Group. The award recognizes Swedbank's excellence in human capital vision and its accomplishments in developing the more than 16,000 employees throughout the entire Swedbank organization. "A competent workforce is one of the most important factors when customers choose a bank," said Jan Liden, managing director and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Swedbank. "Our investment to develop the competencies of our employees is a long-term effort to help improve the overall satisfaction of our customers, and it is gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to receive this award." Responding to the economic downturn in Sweden's financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, Swedbank purchased Saba Enterprise Learning to drive its "Tool for the Future" initiative. The initiative was created to support Swedbank's fundamental belief that the skills, motivation and satisfaction of its employees are instrumental drivers of value for customers. Swedbank regularly measures customer satisfaction and then uses those measurements to improve organizational competency based on job roles. All of this is conducted in the framework of Saba Enterprise Learning's flexible, easy-to-use learning structure. By driving improvements in its human capital assets capital assets n. equipment, property, and funds owned by a business. (See: capital, capital account) , Swedbank will be able to improve profitability and overall organizational performance Organizational performance comprises the actual output or results of an organization as measured against its intended outputs (or goals and objectives). Specialists in many fields are concerned with organizational performance including strategic planners, operations, . "The financial services industry is faced with unprecedented pressure to adopt enterprise-wide people management systems that focus on improving individual and organizational performance," said Bobby Yazdani, Saba Chairman and CEO. "This award for Swedbank is further proof that they are executing on that vision. We are proud to partner with industry leaders like Swedbank and continue to be excited about the momentum of Saba in the financial services market." "There are different ways to improve profitability and performance," said Staffan Ivarsson, deputy director of Swedbank human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , who is responsible for the Tool for the Future initiative. "The key is developing the ability to understand the economics of human capital and human interactions and how to change the dynamic to improve our organizational performance." About Swedbank Swedbank is one of the largest banking groups in the Nordic area with approximately 16,000 employees and over 9 Million private customers. It operates in Sweden and the Baltic states Swedbank is also Sweden's largest internet and telephone bank. About Saba Saba (Nasdaq:SABA) is a leading provider of human capital development and management (HCDM) solutions, which increase organizational performance through the implementation of a management system for aligning, developing, and managing people. Among the Global 2000, Saba customers include Alcatel, Cisco Systems, DaimlerChrysler, EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Corp., Kaiser Permanente, Medtronic, Procter & Gamble, Union Bank of California Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches, the majority of which are in San Diego, Los Angeles and Orange Counties. and VERITAS Software. Saba has received industry recognition for its solutions and was recently named again to the leader quadrant position in the Gartner 2004 e-Learning Suite and Learning Management Systems (LMS) "Magic Quadrants" and was ranked in March by IT industry analyst META Group as a market leader in learning management technology for the third consecutive year. Saba is headquartered in Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. , with offices worldwide. For more information, please visit www.saba.com or call 877-SABA-101 or 650-779-2791. |
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