They originally have known as the Standard Chartered Bank of British South Africa and the Chartered Bank of India, Australia and China 0 The bank has 75,000 employees; just 4% of these are located in Europe and the Americas, with the remainder concentrated in Asia, Africa and the Middle East. It is one of the top 20 companies on the London FETES and operates through its Wholesale Banking and Consumer Banking divisions Why do you think Standard Chartered has weathered the if uncial storm better than many others in the industry?
Standard Chartered has weathered the financial storm better than many other in the industry for following reasons: C] Standard Chartered has performed consistently well wrought the global financial crisis, a significant challenge facing the bank is the changing nature of the regulatory environment for financial institutions, coupled with ongoing market volatility 0 Conversely, the bank’s strong international reach creates opportunities to grow into newly developing areas D In terms of people, the rising global demand for talent has meant that the need to attract, recruit, retain and manage talented individuals remains a core focus CLC HER strategy of this bank is global and quite strong which includes following, which actually weathered the uncial storm better than many other in the industry Human resource planning: Human resource planning involves forecasting the numbers of people which will needed by the bank at Standard chartered Bank and then working out the best way of obtaining then as well as when they are essential D Forecasting: Forecasting is the major function of the bank’s HER department CLC Workforce Analysis (Supply and Demand). The valuable gathering and analysis of workforce statistics trends in the workforce to be consider with the specific requirements for skilled and qualified people to assemble the corporate aims to be kept in mind C] Employee health , well-being and safety: Standard Chartered Bank believes that the health and wellbeing of their workers and their family is most important D The company’s five core values are Courageous, Responsive, International, Creative and Trustworthy.
The values are an integral part of the bank’s culture and ways of working C] For all these above today Standard Chartered is the world’s leading emerging markets bank employing 30,000 people in over 500 offices in more than 50 entries primarily in countries in the Asia Pacific Region, South Asia, the Middle East, Africa and the Americans, which ultimately weathered the financial storm better than many other in the industry What dilemmas does a strengths-based approach to HER bring to the HER department? D Standard Chartered Bank makes sure that effective human resource planning processes are in place when, appropriately, skilled people are available to be deployed in the Bank’s to meet forecast work demands C] The Bank’s structure provides with opportunity for appropriate career development, and is perceived to intricate to effective and efficient work practices C] Relevant workforce data is readily available to inform management decision making on human resource issues D The dilemma rather the key feature of the HER strategy is that it is strengths-based, I. E. people are recruited and developed in line with their personal strengths rather than fitting people into roles C] Talent very much lies at the heart of the bank’s HER agenda CLC Ongoing development is critical for even the strongest performer and recruitment is based on identifying individuals with the recurrent patterns of thought, lending, and behavior associated with success on the job, as well as culture fit D Recruitment Criteria: Standard Chartered Bank recruits the most talented individuals from the external market to supplement their internal pipeline of talent C] Recruitment and Selection: The Bank’s Management Trainee Development Scheme takes place in various places of the world, where they recruit management trainees. Alternatively, candidates can apply to their local cities.