question archive Critically evaluate the following areas of HSBC: a
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Critically evaluate the following areas of HSBC:
a. The main approach used for staffing
b. Transferring staff for international business activities
c. Performance management of international employees
d. International training, development, and careers
a. While staffing HSBC uses the cultural differences acceptance approach. This means that HSBC knows that it cannot implement the HRM policies which are of standard nature to every region due to cultural differences. This means that HSBC needs to accept those cultural differences and took over the local talent as a preference to work for the organization.
b. While transferring staff for international business activities, HSBC focuses on providing every facility that will facilitate the employee transfer from providing conveyance to providing accommodation and every other set-up that will guide and help the employee. HSBC might also focus on providing the training to the staff about the culture of the country so they could even connect a little.
c. HSBC manages the performances of the international employees by keeping the reward system. It continuously focuses on motivating the employees to effort more towards better performances which are linked to rewards earning system. This can make the employees earn more and HSBC offers rewards in financial and non-financial nature.
d. International training and development programs are designed for the employees in such a way that employees are being educated about the culture of other countries if they have a mix of employees who belongs to different culture and backgrounds so that they help each other to grow and connect.
The programs are designed in such a way that employees could develop new skills as well as sharpen the existing skills and are motivated towards better performances as they are the asset to the company and this will inculcate the sense of belongingness and satisfaction among employees.
Careers with HSBC go like it prefer the local talents to be the part of the organization so as to mitigate the cultural differences and also HSBC offers highly paid secured jobs to the ones who are really skilled, hardworking, and motivated towards better performances.