Subsequently, there is a high turnover rate amongst these workers and the bank is forced to hire externally in order to fill open positions. Another example of this strategy is that their tellers have skills that could be used at any bank. This means that Gotham hasn’t focused
its efforts on creating talent unique to its organization. Also, the high turnover rate hints that employees are motivated to contribute and stay based on wages instead…
877 Words
4 Pages
Summary: Riordan Manufacturing
Employee relations specialists keep track of information about complaints, grievances,
harassment complaints and others, in locked files in their offices. This is confirmation that the company maintains a disparate HR system which is not taking any advantage of the current IT tools and systems that would make their operations much more sufficient, adequate and save the company…
1360 Words
6 Pages
Risk
Financing: The Role Of Risk Finance In A Community Bank
The community bank is trusted with protecting sensitive client information. Direct financial losses incurred by the bank include: investigation and customer costs; lost revenue due to damaged reputation; regulatory fines; civil claims and legal fees (Liu, 2014a). Partial retention is the risk financing treatment for cyber security risk within the bank. The bank will assume a portion of the costs of losses incurred, while the
outstanding portion will be transferred (Elliott, 2012). Within the bank, communication and training of all employees and management is vital.…
1041 Words
5 Pages
Multi-Project Resource Management Case Study
Because problems of multitasking, project managers must remember that other team members
have other projects that they are assign to. Often employees will have numerous tasks on any given number of…
725 Words
3 Pages
Standard Chartered Bank Case Study
To quote an example, when a manager gives instructions about completing a task to an employee, the employee may fails to fully comprehend the
instructions. After that, during doing the task he will make mistakes if he tries to complete the task without receiving clarity. Therefore, it is fairly obvious that communication barriers will directly make misunderstanding and a decrease in…
2299 Words
10 Pages
The Importance Of Banking
With the constant
fluctuation of our economy, people, especially small business owners are left to wonder what is the best way to prepare for the future. For individuals and small business owners it is very important to have a reliable and practical bank to keep their earnings safe and available. First, you must find the right bank that fits your personal or business needs, because there are many different options available. Next, the most critical part for the success of your personal or business financial life
is to find capital that can be accessed when the need arises. For the most part, business owners fund their businesses through loans, from financial institutions, and personal capital.…
947 Words
4 Pages
CAREER CORNER: What To Expect In Your First Job?
Most small businesses do not have human resource
department, an most of the office manager or an administrative assistant handles this aspect of the firm. The office manager may or may not have a framework for the conduct of ethics in the workplace. They follow their values and try using best judgment in training or hiring employees. However, the president of firm did all the above. How have you dealt with inconsistencies between what you believed and what you have seen as the organization deals with people issues?…
902
Words
4 Pages
Stress In The Workplace
According to Gok. O (2002), the organizational stress is belonging to the working environment and negative or stressful situation. Always, people have an obligation to co-ordinate their efforts to realize their personal objectives and to reach their professional targets. For this,
employees have to accomplish more than they can do on their own. The interaction of many factors related to the individual with group, they belongs to, affects the employer in turn.…
1546 Words
7 Pages
Workforce Diversity In The Workplace
In an organization, mostly small groups are born
when integration issues occur. These integration issues cause division in organization which may affect the business in a negative way. Informal division occurs between employees. In most organization in KSA, Saudis, Pakistanis or the Asians tend to form their own groups these integration issues hinder information, skill sharing which may indirectly affect productivity. • Financial cost- when working in a diverse workplace, companies have to face high financing.…
730
Words
3 Pages
Theory Y Theory
It is a straightforward theory based on the belief that managers conduct themselves according to the assumptions, generalizations, and hypotheses they have about human behavior. (McGregor, 1960) There are two main theories: theory X and theory Y. Theory X, the employee has a strong dislike to work and has
to constantly be told what to do. Job security for most people is their main concern. Some people because of their unwillingness to work will have to be instructed, forced, and sometimes pressured that if the company needs are not successful, disciplinary action will follow in an attempt to accomplish set goals.…
