The Specific Methods Utilized by Barclays Bank Plc in the United Kingdom - Research Paper Example

Barclays Bank Plc., a renowned banking institution in the United Kingdom (and abroad), is currently a highly-profitable business generating over £2 billion in annual profit revenue (Annual Report, 2007). The company is well-known for its vast varieties of investment and savings programmes, each designed to offer customers the highest level of knowledge in finance as well as generating excellence in customer service. The company appears to be focused on locating top talent in order to achieve the high levels of awards and recognition experienced by the Barclays UK banking division (Barclays, 2009).

The company was recently awarded the CIPS Supply Management Award due to a series of new recruitment strategies leading to a competitive advantage in human capital (Ellinor, 2005). It is a likely assumption that this banking facility could not achieve the vast volume of service-related awards without aligning top talent with the goals of this banking and investment institution. However, can the statement actually be justified, by solid research evidence, that it is the recruitment and selection processes at Barclays Bank, as part of their progressive human resources (HR) model which contributes highly to the successes and profitability at the bank?

Most HR professionals at a wide variety of different industries will likely state that it is the employees of the company which contribute the most to long-term strategic successes and these individuals would likely herald HR policy as one of the most significant driving forces in achieving company goals. Barclays Bank Plc., a renowned banking institution in the United Kingdom (and abroad), is currently a highly-profitable business generating over £2 billion in annual profit revenue (Annual Report, 2007).

The company is well-known for its vast varieties of investment and savings programmes, each designed to offer customers the highest level of knowledge in finance as well as generating excellence in customer service. The company appears to be focused on locating top talent in order to achieve the high levels of awards and recognition experienced by the Barclays UK banking division (Barclays, 2009). The company was recently awarded the CIPS Supply Management Award due to a series of new recruitment strategies leading to a competitive advantage in human capital (Ellinor, 2005).

It is a likely assumption that this banking facility could not achieve the vast volume of service-related awards without aligning top talent with the goals of this banking and investment institution. However, can the statement actually be justified, by solid research evidence, that it is the recruitment and selection processes at Barclays Bank, as part of their progressive human resources (HR) model which contributes highly to the successes and profitability at the bank? Most HR professionals at a wide variety of different industries will likely state that it is the employees of the company which contribute the most to long-term strategic successes and these individuals would likely herald HR policy as one of the most significant driving forces in achieving company goals.