In: Economics
You are a management consultant, and you have been engaged by A & J bank. The bank currently has over 150 branches in Melbourne, Sydney, and Adelaide. The CEO, Ali Jas, has asked you to develop a training plan which can be administered across all the bank branches, and also in its Melbourne Headquarters
1. a list, brief description, and justifications of training materials you will use to manage a team.
Strategic HRM process
Staffing global organisation requires methods like Social Media Hiring, Referral Hiring, and Thid Party Consulting based Hiring which gives quality candidates.
Social media hiring is best for cultural fitments however can be
skeptical which is disadvantage as it doesnt give an holistic
view.
Referral hiring is another effective way because of trust and
Recommendations shown. However it can be disadvantageous if
referrences are unchecked and unverified.
Consulting based hiring gives top level candidates based on
requirements and expectations. However disadvantages being cost of
hiring is very high.
Organisinations must check for quality and skills as well as
qualification like global experience, overall countries travelled,
cross border cross domain management skills, Leadership skills,
International relations management, Team building.
Predeparting on boarding opportunity is very critical for global
success and hence candidates must b egiven training in global
countries and should be given sufficient time to adapt to its
culture and way of doing business and then should be expatriated.
Here entire family expenses are taken care of and sufficient
financial and administrative support is offered for ease if
transition to new nation.
Ongoung training will incorporate learning through peers,
transition counselling through past expatriates, reverse mentoring
and case studies and collaborative approach like on job training
with senuor leaders. Here expatriates are offered regular support
to understand working culture, management style and organisation
structure and systems.
Repatriation policies like attractive remuneration and total
rewards package, career development plan for next 5 years, family
health and insurance, children schooling and education support,
long term stock options and bonsues, flatter hierarchy.
US employments laws like Equal opportunities as per Civil Rights act Article VI is most important and critical to be considered when in UsA as major emphasis is given on non discrimination policy of hiring. Other Acts being Sarbanes Oxley Act and Foreign Corrupt Practice Act which leaders must be aware of for ethical compliance and demonstrating integrity and honesty.
Training models amd simulation
An onboarding program must incorporate following activities in 1 day :
Case studies
Quizzes
Role plays
Presentations
Live group discussion
Key takeaways.
Each modules above is alloted 1 hour each and is summed up with dissemination of handouts of written material of talent programme trianing and regulations of organisation. It is then concluded by question and answer forum with 2 hour allotment.
Effectiveness of training programme is largely observed as grads get hands on experience using live industrial usecases and get high degree of feel of corporate atmosphere where teams collaborate and solve conflicts and form interrelationships. Moreover satisfaction survey and feedback for improvement can help gauge effectiveness and scope of improvement.
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