The Bangko Sentral ng Pilipinas (BSP) received the first ever Gold Award for human resource (HR) management from the Civil Service Commission (CSC) during ceremonies held on 28 November 2019 in Puerto Princesa City, Palawan.

BSP Governor Benjamin E. Diokno said, With this award, we accept the CSC’s challenge that we at the BSP should not rest on our laurels, but instead, continue to be bold and relentless in finding ways to improve our services, both internal and external.

The central bank bagged the award under CSC Resolution No. 1900822 dated 16 July 2019, after qualifying for the highest maturity level of 4 under the CSC’s Program to Institutionalize Meritocracy and Excellence in Human Resource Management (PRIME-HRM) in government agencies.

Established in 2012, PRIME-HRM aims to transform government HR management from being administrative and transactional to being strategic and developmental, particularly in the four core areas of Recruitment, Selection and Placement; Performance Management; Learning and Development; and Rewards and Recognition.

Under CSC rules, receipt of level 4 under PRIME-HR means a government agency’s processes are focused on continually improving performance through both incremental and innovative improvements; quantitative process improvement objectives are regularly updated to reflect changes in agency objectives and are used to manage process improvements; HR is helping drive the agency’s business decisions on people, data, and insight; and HR strategy is part of the agency strategy.

Among the privileges of a level 4 conferee are the authority to approve appointments subject to post-audit every two years and to implement HR mechanisms without prior CSC approval, representation in the elite policy hub involved in CSC policy formulation, and discounts in trainings and conferences conducted by the Civil Service Institute.

Source: Bangko Sentral ng Pilipinas (BSP)