Human Resource Management at Hsbc - 2810 Words

TITLE: HSBC HUMAN RESOURCE MNAGEMENT PRACTICES AND POLICIES IN EAST ASIA FROM: AYANTAYO IBRAHIM ID NUMBER: 1230070 ADDRESSED TO: PAULINE LOEWENBERGER DATE: 5th April, 2013 CONTENT PAGE Title page Content page Executive Summary Introduction Literature Review: * Recruitment and Selection * Global talent management * Training and development * High performance work practices * Reward Rewards References EXECUTIVE SUMMARY The main focus of implementing human resource management practices and policies is to attract, motivate and retain employees. This report discusses the various Human resource policies adopted by HSBC after entering East Asia to successfully attract, motivate and retain employees.†¦show more content†¦Human Resource Management (HRM) can be seen as a set of policies put in place to enhance organization competitiveness, productivity, and employee commitment through people. According to Armstrong M. in 2003, â€Å"HRM is a strategic and coherent approach to the management of an organization’s most valued assets; the people working there who individually and collectively contributes to the achievement of its objective† (pp 3). Human resource management aims at improving organization competitive advantage through people by introducing various kinds of policies and practices. These policies and practices are known as, the human resource management practices and polici es. This report will focus on some of the issues of the human resource practices and policies of HSBC in East Asia and how they were dealt with. This issues includes: 1. Recruitment and selection process 2. Global talent management 3. High performance work practices 4. Training and development 5. Rewards LITERATURE REVIEW Hong Kong and Shanghai Banking Corporation (HSBC) is number one in the Fortune Global 500 in 2007, as the world’s largest company and bank; however, the organization has faced numerous issues relating to its human resource management practices and policies (case study on breo.beds.ac.uk). RECRUITMENT AND SELECTION PROCESS The main focus of implementing human resource management practicesShow MoreRelatedHr Planning Is All About Forecasting Of Prospect Demand1694 Words   |  7 Pagesthat are placed by superior management. It is a linkage between HRM and general strategic arrangement of any company. Manager as well as other higher management must have a strong association. www.slideshare.net (2015) reported that in HSBC Bank, the potency of SHRM is to recognize the right individuals for the right position. The focal point of SHRM in HSBC bank is the HR actions performed by HSBC to develop their company. 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