HUMAN RESOURCE MANAGEMENT IN STANDARD CHARTERED BANK
Standard Chartered Bank is an alliance of Standard bank of British and South African bank and Chartered Bank of China, Australia and India, these companies are expanded entirely on Europe, Africa and Asian countries. The operation has gathered so much respect in their customer that they have been successful to operate and extend their products and services widely and so thus forming strong alliances and acquisition in most countries through which they operate. Standard Chartered Bank has always been providing new solution and wealth through financing, credits and credit cards optimization which is designed for flexibility and long term financial freedom to its customers.
Standard Chartered Bank Human Resource Management team has led their company to gather the best talented and performing employees through extensive hiring programs all over the world through highly structural corporate procedure and training, learning and mentoring newly employed individuals to further enhance and develop their talents and skills upon engagement. This thorough programs includes three intensive training rotation from distinguish specialization which includes learning or e learning, performance and talent development that runs for 28 months training program. This assures that the Standard Chartered Bank employees are thoroughly equipped with the best knowledge and the current trends in banking and financial services, customer engagement, dealing and negotiation, human resource and management risk reduction, employee relation, talent management, personality development in a classroom training and actual environment etc. Following the basic examples acquired from Society for Human Resource Management or “SHRM” by recognizing the important benefits of Business Leadership, Employee and Employer relation, Globalization, Staffing Management, Labor Relation, Technology Optimization, Sustainability, Superb Customer Service and other related discipline that has been consistently promoted by this organization. (SHRM) or Society for Human Resource Management is the world’s biggest organization which is solely devoted for Human Resource Management. Currently they have 250,000 members from 140 various countries around the world. Members are top executives and CEO’s from many different services and manufacturing companies.
SHRM is an independent membership organization providing resources in global network of Human Resources for they are the only authority to establish HR functions. Standard Chartered Banking by adopting the SHRM professionalism and consistency is preparing all members, the benefits to integrate the close relationship to their mother company about the global economic downturn and financial banking crisis. The adopted approach of SCBC has emerged to strengthen and further increase the future capability of the company to forecast a great deal of comfort and progress that they are confident to achieve such goals in spite of banking crisis.
We all know that worldwide economic recession has affected almost all companies all over the world creating turmoil and crucial decline including financial companies that create a kiosk in banking, some even delimit their lending structure while some even decided to drop down their operation including Pre needs, Insurance, Lending and other financial institutions. But Standard Chartered Bank is firm in their projection to extend and promote their products and services through the aid of their marketing, management approach by doing things the right way, providing relevant solutions, focused on long term and short term goals working closely with clients and stakeholders, employing sustainability and stability which shows the progression of their position withstanding the current trends in banking crisis, although it is necessarily that they need to evaluate such strategy to maintain their standing in the banking industry .
The integration adaptability of SCBC to SHRM has been a moral boost driving investment in their sustainability for they have benefited for the challenges and inspiration carried through their knowledge sharing and information integration system including top executive decision making for they are the primary members not the company itself. By becoming an individual member they are entitled to SHRM resource allocation which is available for each exclusive member. The SCBC has their own strategy that even enhance after the integration with SHRM function that is why it is important to bridge the gap of companies that exercise and specialized in their Human Resource functions.
SHRM is not just investing on the company but they are investing in their individual members to focus on their qualities and introduce that knowledge to their respective companies. Included is the Logical, Analytical, Methodological, Measure and Process of basic Human Resource practices such as Hiring, Training, Salaries and Benefits. SHRM is fully equipping their current members with the latest technology and advance HRM function including foundational HRM principles that is very effective, economy scale and evaluation management in their effort to fully impart their conceptual approach to their members to integrate it to their mother company.
Credit:ivythesis.typepad.com
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