Mountain Bank
Strategic Human Resource Management – HRM530005VA016-1118-001
Professor
23 October 2011
1. Discuss the strategies that Mountain Bank should implement to achieve a competitive advantage in the marketplace.
Mountain Bank already has the necessary tools to implement a variety of strategic plans. The key will be making the necessary changes and implementing them in order to gain a substantial and competitive advantage in the marketplace. The banks recent internal studies concluded that their best resources are their tellers. Based on this information I would recommend focusing on this echelon of the workforce strategically. As a part of the human resource management (HRM) team I would recommend a duel fold
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To include rotating these employees’s in varying positions to minimize employee burnout and stagnation. The responsibility increases would also add to the employee’s feelings of empowerment and job satisfaction. Another important factor I would add would be increased and regular communications throughout the organization. These implemented factors would substantially increase employee loyalty and commitment directly supporting the organizations competitive goals.
3. Discuss the four human resource strategies (internal/cost, external cost, internal/differentiation, and external/differentiation) that may be implemented within an organization.
a. Internal/Cost HR Strategy: This strategy, also commonly called “The Loyal Soldier”, focuses on hiring employees that will fill a wide variety of roles within the organization. The individuals are not necessarily hired for their specific skill sets but more for how they fit within the businesses culture and attitude. The business puts strong emphasis on meeting the needs of the employees which develops a strong bond and loyalty. In return the employees seek to stay with the business for an entire career which adds a large knowledge base that newer employees can draw from.
b. External/Cost HR Strategy: This strategy, also known as the “The Bargain Laborer”, is concerned with hiring employees that do not require substantial wages or training. There
I believe that Excel can enhance the younger generations math learning skills. I think that as long as the basic math skills of calculating numbers are learned and mastered first, then Excel can be of a great benefit in the development of the critical thinking skills that are necessary to implement all of the different formulas. I believe that this kind of critical thinking that is required to realize how to formulate the data is a very important skill to develop. I do think that the younger generations and everyone else's calculating skills become a "little rusty" because of continually relying on Excel to do all of the calculating instead of doing the math out longhand, but this can occur even through the use of calculators. I think Excel
Using no more than 250 words, write a description of the object depicted in the two photographs.
What services do you offer? Will I have a formal written agreement or contract with you? What if I can 't afford to pay your fees or make contributions? In addition to helping me solve my immediate problem, will you help me develop a plan for avoiding problems in the future?
"What is necessary to change a person is to change his awareness of himself. --
Maximising long-term value for its customers, shareholders and its employees is the organisation’s main strategic priority. Commonwealth bank’s strategy is to create long- term value and maintaining competitive advantage by differentiating itself from its competitors.
In order to develop a human resource strategy; there must be a linkage of the entire human resource function with the firm’s business strategy in order to improve business strategy execution. The first recommendation
CIBC has focused its core business on retail and business banking, wealth management, and whole sale banking. They have shown a proven track record of providing there customers with financial services and advice through a group upwards of 1100 branches worldwide. Strategies CIBC has portrayed is to continually find new ways to enhance the experience of the client and to stimulate safe revenue growth. CIBC has put emphases on creating deep meaningful relationships with all clients, constantly trying new ways to improve service and sales prospects and to create relationships with new clients while retaining existing clients for a long period of time (CIBC).
3. What type of bank risk would worry you the most as an account holder? How should the bank protect itself against that risk? (2-4 sentences. 1.0 points)
One of the main challenges that the Right company will have to face when downsizing effort is no longer a popular human resource strategy is quite simply finding a new strategy that will work. In finding a new strategy one must take the strategic approach to HRM. In the strategic approach to HRM there are six key elements that are essential for HR managers to consider:
Learning to me is allowing your brain to receive information and then applying in to your life experiences. I feel like face to face learning is better, however, online is more convenient. I prefer face to face because it offers a more personal relationship with your classmates and your professor. Although it is not practical for my life, I do wish I could attend classes in a regular environment. Online provides me that much needed space and opportunity to move at my own pace. Now that I have taken this class, I know that while I am receiving information I will be more aware of the information being delivered because I will now be more intentional with receiving the information.
Q1: Why is it important for HR Management to transform from being primarily administrative and operational to becoming more strategic contributor?
Schuler and Jackson (1987) propose the model of Human Resource Management as the business strategic policies and practices of the organization. This framework is to achieving competitive advantage in different industry condition. They argue for fit in different industry condition and business strategic. It includes innovation, quality enhancement and cost reduction. This business strategic associated with particular employee role behaviors and HRM policies and practices.
1.3 Explain how human resource planning can be used to assure output and quality in the workplace
The company has effective HR strategies which help in building range of products categories. Since the company has been growing steadily, employees with a big investment undertake number of projects from different contractors (Hackman and Lawler, 2001). The company has been facing several employment issues which has always been dealt by Susan and her personal assistant who plays full time personnel management role. Myatt (local branch secretary of the CIPD) has been playing sincere role as she is very much committed towards supporting all development opportunities and she always encourage non technical staff members to upgrade skills level. She is also involved in several HR activities such as selection, recruitment and she aims to emphasize recruiting only skilled and talented workforces (Gannon and et. al., 2012). This states that she helps the organization to focus on employee retention strategy so as to acquire market share and high growth. To manage the employees in
Oman Arab Bank case study is an example of how a competitive advantage for the bank reinforced it position in the market and retains its customer, gains new customers, and in addition to generating new revenue streams. As we will see this happened by them identifying and choosing their right competitive advantage as well as selecting the right strategy to implement it.