Professional training and education
In the 2012 business year, the LLB Group invested CHF 1.5 million (2011: CHF 2.0 million) in training and professional education. A substantial proportion of the workshops and courses were held within the Group.
Fostering young talent
The LLB Group regards qualified and high-performing employees as strategic factors for the company’s success and competitiveness. We are very interested in the continuing development of young talent as skilled employees, as managers and as individuals. The Liechtensteinische Landesbank traditionally trains a number of its junior employees itself. The Swiss Bankers Association renewed its practical training certification for LLB AG in 2012. The excellent dual education in theory and practice provides our junior employees with a solid basis for lifelong learning. We are strong believers in a broad education, especially in view of the fact that it offers young people in the vocational education and training sector the option of later attending a traditional university or university of applied sciences.
This is also true for new employees who come directly from secondary school or who have passed their final school leaving examinations. At the bank, they work and study towards the BEM certificate of the Swiss Bankers Association. These young talented people acquire their basic knowledge at the Center for Young Professionals in Banking (CYP), the competence and training centre for Swiss banks, or at the Bankenberatungszentrum St. Gallen. We train our employees in further professional and personal skills using internal modules.
Professional training is an important instrument of corporate development within the LLB Group. We view the costs incurred as an investment in the future. Our good reputation as an attractive employer is part of our tradition. In accordance with our principles, we ensure that the right employees receive effective vocational training at the right time. We place great emphasis on practical relevance and on equal opportunities for all employees. Workplace education is a key and continuing task of any supervisor or manager. In 2012, a number of courses were held internally at the Bank: the focus was on the two-day management training course «Zum Erfolg führen» (Leading to success). In addition, employees throughout the whole Group used our electronic tutor, the LLB Group’s learning management system. It allows us to specifically manage learning processes, efficiently administer internal training sessions and, most of all, to promptly inform employees at their workplace of the numerous regulatory changes.
Our specialists regularly participate in continuing education events, for example, at the University of Liechtenstein. In 2012, special topics were: the Alternative Investment Fund Managers Law (AIFMG), national und international tax law, adaptations to due diligence law, banking and financial market law, private banking and international asset management.