OCBC Bank Case Study - Research Paper Example

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Oversea Chinese Banking Corporation (OCBC) is one of the strongest publicly listed financial institutions of Singapore with its operations spread across countries such as Malaysia, China and Indonesia. Employees are considered asset for every organization and OCBC bank is no…
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OCBC Bank Case Study
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"OCBC Bank Case Study"

Download file to see previous pages In this organization, employees are provided with the opportunities to enhance their skills through on job training, in house training programs and various management courses and development programs. The OCBC bank has a program ‘career best’ that helps employees to determine their career choices. It helps employees to recognize their strengths and weaknesses and match their talents to that of OCBC’s organizational requirements. Additionally, the company has internal job posting mechanism through which the company intimidate employees about job openings in local and overseas locations prior undertaking external hiring. Overall, the company focuses on employees’ talent and skills and allocates jobs accordingly (OCBC, 2014a).
In HSBC, four areas in terms of talent management are focused upon, namely, reward and recognition, work life balance, career and development and work environment. The company has talent relationship management system where managers are responsible for employees are engaged through job rotation and various international assignments. Contrastingly in HSBC, job opportunities are allocated on the basis of seniority and experience.
HSBC has different talent acquisition and training programs in different countries. Apart from short term training, the company also provides long term training similar to that of OCBC bank. Additionally, HSBC as well as OCBC sponsor various university programs related to finance and commercial banking, from where they recruit fresh bankers as well as provide internships to students from different educational programs. One contrasting as well as interesting factor that was noticed about OCBC in this study that the company continuously monitors health and security issues in different countries so that if and when employees travel in these countries, do not face any kind of problem therein (HSBC, 2014; OCBC, 2014b).
It has already been highlighted that employees are asset for every organization and are ...Download file to see next pagesRead More
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