Running Head: BANK OF AMERICA
Assignment 1: Bank of America Case Study
Sylvia Armstrong
Dr. Marie-Line Germain
HRM 532 – Talent Management
January 22, 2012
1. Outline the talent management program that led to success for the company.
Bank of America has always been a leader in the financial services industry. Its
philosophy of talent management and development is driven by seven guiding principles that create a mindset that is pervasive across the bank’s executive ranks. They are:
1. Leaders really do matter in managing and driving accountability, results and culture.
2. Performance rules: Top performers, then high potentials
3. Talent is an
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The additional assessments of short, medium, and long term outcomes provide the bank with a way to align outcome measures with talent management strategies and to determine which practices and processes are reinforcing the strategy. The identification of these assumptions also helped to shape the vision for the future integration of talent management. The assumption of internal coordination and integration had always been an explicit goal. (Goldsmith and Carter, 2010). Stating it as a necessary precondition to achieve the organization strategy increased the awareness of some of the difficult challenges, such as tricky coordination, gaps, redundancies, unstated or unclear requirements and other common problem areas. As a result, the logic map became the foundation of a business case to improve the overall talent management process and key practice areas. For example, one of the metrics in the health of the bench index relates to the quantity of external talent flowing into the bank. This metric is presented in the context of potential causes and the impact on other strategic metrics, such as the ability to build innovative products. (Goldsmith and Carter, 2010).
3. Describe opportunities for improvement in the talent management planning process.
Evaluating the overall benefit of America’s talent management practices illustrated
Finally, in order to complete a more accurate comparison between the two projects, we utilized the EANPV as the deciding factor. Under current accepted financial practice, NPV is generally considered the most accurate method of predicting the performance of a potential project. The duration of the projects is different, one lasts four years and one lasts six years. To account for the variation in time frames for the projects and to further refine our selection we calculated the EANPV to compare performance on a yearly basis.
The first three days a company begins their operation the bank will be contacting then so they can open an account. The bank also uses this policy and practice when it comes to managing and developing their employees. The Bank feels that training is extremely important. The bank feels that the training and developing will build up their employees so they are able to perform to their best ability. The bank feels that learning is a win-win situation. The employees succeed in life and also on the job (Shukla-Pandey, 2012).
What benefits would occur is JP Morgan was to outsource operations of its credit card services division to India?
All companies with greater than 15 employees in the United States must adhere to Title VII of the Civil Rights Act of 1964. This act prohibits discrimination in employment-related matters and is administered by the Equal Employment Opportunity Commission (EEOC) (Canas & Sonkak, 2014). In Calibuso et al. v. Bank of America Corp. et al. Judy Calibuso filed a complaint against Bank of America with the EEOC in January 2007.
Based on this, it would be better for the organization to develop talent internally, by focusing on best practices, empowering people to live the Tanglewood way and then leveraging these employees to spread the culture across the organization. Talent acquisition would be a key element as well once the organization expands into new geographies and stores, but it key focus should now be to develop its internal talent that would help it to scale up its operations while keeping its culture alive and active.
For an organisation to attract talent successfully, as part of the talent planning policy it needs to identify and assess what factors affect its approach to attracting talent. For example:
In 1998 the financial execution of Wells Fargo, and also its stock cost, experienced this bungled merger, leaving the bank powerless against being assumed control itself as saving money combination proceeded with unabated. This time, Wells Fargo went into an amicable merger concurrence with Norwest Corporation of Minneapolis, which was declared in June 1998. The arrangement was completed in November of that year and was esteemed at $31.7 billion. In spite of the fact that Norwest was the ostensible survivor, the blended organization held the Wells Fargo name as a result of the last 's more prominent open acknowledgment and the previous ' local undertones. The combined organization stayed situated in San Francisco in view of the bank 's $54 billion in stores in California versus $13 billion in Minnesota. The leading man of Wells Fargo, Paul Hazen, was named administrator of the new organization, while the head of Norwest, Richard Kovacevich, got to be president and CEO. In any case, Wells Fargo holds Norwest 's pre-1998 stock value history, and every single SEC recording before 1998 are recorded under Norwest, not Wells Fargo. With the new innovation Wells Fargo initiated as the nation seventh largest bank with $196 billion in assets, $130 billion in deposits and 15 million retail banking and finance. Over two thousands of branches in twenty one states from Ohio to California are banking operating. The alliance between Norwest and Wells Fargo continued a great deal more
The most intriguing idea that come into my view of talent management is an achievement, put into practice of talent management to review staff meeting. For discussion in relation to talented staffs and building their knowledge, expertise and possibility introducing to other managers in separate sections of the business. As well as the potential to utilize make growth of inside talent is magnified for equally the business and the talented workers.
The Bank of the United States is a symbol of the long held American fear of centralization and government control. The bank was an attempt to bring some stability and control and was successful at doing this. However, both times the bank was chartered, forces within the economy ultimately destroyed it. The fear of centralization and control was ultimately detrimental to the U.S. economy.
After reviewing the Georgia Clerk of Courts website your property located at 970 Sidney Marcus Blvd, #1308, Atlanta, GA 30324 was foreclosed July 3, 2012. SunTrust Bank held both a first and second mortgage on the property. The principle balance on the first mortgage was $101,417.82 and the principle balance on the second mortgage was $40,721.00.
We are providing below the assumptions and other calculations we used while computing the WACC and the cash flows.
Bank of America is the company I elected to discuss their unique benefits package. Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 58 million consumer and small business relationships with more than 5,900 retail banking offices, more than 18,000 ATMs and award-winning online banking with nearly 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate
Bank of America is a banking and financial service industry located in Charlotte, North Carolina. If you would like to access the internet address for Bank of America, then you can click on this link provided https://www.bankofamerica.com . Its primary SIC Code is 6021 – National Commercial Banks, and its primary NAICS Code is 522110 – Commercial Banking. The Bank of American provides many goods and services for its customers such as banking, credit cards, loans, and investments. Every day Bank of America is competing against many competitors but JPMorgan Chase and Wells Fargo are some of the largest. Bank of America’s stock exchange ticker symbol is NYSE: BAC. The external auditor is PricewaterhouseCoopers LLP in Charlotte, North Carolina.
If the firm remains a partnership could the firm continue to compete on an equal footing with its competitors, would they be able to retain key employees? How would tangible as well as intangible assets be valued in its stock price as a public firm?
The American Express company also known as Amex, it is an American multinational corporation. The company was eventually started as an express mail business in Buffalo, New York. It was formed as a joint stock corporation through the merger of express companies owned by Henry Wells( Wells Company), William G. Fargo (Livingston, Fargo and company)and John Warren Butterfield (Wells, Butterfield and company).