Hrm of Hsbc

21st Century Ch entirelyenges The success of any organization depends on the alternatives it has, one of them being mankind capital. This boils down to recruiting the best, developing, managing the best and form an incentive mechanism for retention and c argonr progression. The 21st speed of light HRM ch solelyenges for the Bangladeshi banking industry allow wide affect all the banks operating in the industry. As a leading transnational bank in Bangladesh, Standard Chartered Bank (SCB) willing face the following HRM challenges. Technical Expertise: Acquiring the superstar expertise should be the focus of future merciful resource prudence given the changing paradigm of banking sector regulations. The banking institutions argon guided to engage out stress testing, a improvement used around the globe by financial institutions to nurse risk exposures across the institution and to estimate the changes in the pile of the portfolio, if exposed to various risk fa ctors. Initially, although, Bangladesh Bank has advised banks to lean out the simple sensitivity analysis keeping in the view the varying levels of skill and available resources among banks; however, going in the lead more sophisticated techniques will be adopted.

Certainly, this process would desire technical expertise at least in tierce atomic number 18as: identifying, analyzing and proper recording of the assumptions used for stress testing; adjusting the pip or shocks applied to the data and interpreting the results; and an effective nidus information system that ensures flow of information to the senio r wariness to take proper measures to avoid! certain conditions. Therefore, the focus of human resource management should be to acquire technical expertise if the institutions intend to go along with the changing regulatory environment. Managing Changes: Organizations are getting more and more technologically oriented. The banking sector particularly, has undergone revolutionary changes enabled by technology. In the Central Bank...If you want to get a full essay, order it on our website: BestEssayCheap.com

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