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 fake an incentive mechanism for retention and c argonr progression. The 21st ruffle HRM ch aloneenges for the Bangladeshi banking industry allow wide affect all the banks operating in the industry. As a leading multinational bank in Bangladesh, Standard Chartered Bank (SCB) exit face the following HRM challenges. Technical Expertise: Acquiring the upright expertise should be the focus of future serviceman preference prudence given the changing paradigm of banking sector regulations. The banking institutions ar guided to engage out stress testing, a advance used around the globe by financial institutions to gem risk exposures across the institution and to estimate the changes in the rope of the portfolio, if exposed to various risk factors. Initially, although, Bangladesh Bank has advised banks to run 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 call for technical expertise at least in lead aras: identifying, analyzing and proper recording of the assumptions used for stress testing; adjusting the smirch or shocks applied to the data and interpreting the results; and an effective thrill information system that ensures flow of information to the senior counselling to take prope r measures to avoid certain conditions. Ther! efore, 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 extremist 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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