“Human Resource Management Practices in” Scb [Bank]

Topics: Human resource management, Human resources, Standard Chartered Bank Pages: 3 (681 words) Published: December 24, 2010
“HUMAN RESOURCE
MANAGEMENT
PRACTICES IN”

[BANK]

HR Planning:

HR Planning process consists of forecasting, goal setting and strategic planning, and program implementation and evaluation. As the Bank operates in a dynamic environment where new and advanced practices are frequently emerging resulting in changing customer’s requirements. Not only this, the demands on existing staff resources fluctuate in order to maintain the provision of services, it becomes even more critical that all managers contribute to HR planning in a structure way.

Recruitment:
Standard Chartered Bank recruits the most talented individuals from the external market to supplement our internal pipeline of talent. Their Human Resources department provides guidance on the use of psychometric tests and has robust recruitment criteria to ensure that all candidates are treated fairly, equally and with respect. It has a global Graduate Recruitment Program; where in the region of 150 graduates are recruited each year on a management trainee program across all businesses, functions and countries.

Selection:
Standard Chartered selects employees based on knowledge, skills and talent. They are committed to providing equality of opportunity to all employees, regardless of gender, race , nationality , age , disability , ethnic origin , or marital status.

Training & Development:
Standard Chartered provides a framework within which the employee can identify the training and development needs. Such training provides a consistent standard of management learning throughout Standard Chartered. It also enables the employees to take all of the programs or study for individual modules according to their particular development needs.

Performance Appraisal:

Performance management is the process through which managers ensure that employee activities and outputs are congruent with the organization’s goals. It is central to gaining competitive...
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