Detailed Analysis Of Human Resource Management At Bank Alflah

3681 words - 15 pages



1.1 Introduction to SHRM

Strategic human resource management can be defined as the linking of human resources with strategic goals and objectives in order to improve business performance and develop organizational culture that foster innovation, flexibility and competitive advantage. In an organization SHRM means accepting and involving the HR function as a strategic partner in the formulation and implementation of the company's strategies through HR activities such as recruiting, selecting, training and rewarding personnel.

It is a concept that integrates traditional human resource management activities within a firm's overall strategic planning and implementation. SHRM integrates human resource considerations with other physical, financial, and technological resources in the setting of goals and solving complex organizational problems (Legnick-Hall & Legnick-Hall, 1988) SHRM also emphasizes the implementation of a set of policies and practices that will build employee pool of skills, knowledge, and abilities (Jackon and Schulerm 1995) that are relevant to organizational goals. Thus a larger variety and more complete set of solutions for solving organizational problems are provided and the likelihood that business goals of the organization will be attained is increased (Mechelin, 1996).

Strategic HRM can be regarded as a general approach to the strategic management of human resources in accordance with the intentions of the organization on the future direction it wants to take. It is concerned with longer-term people issues and macro-concerns about structure, quality, culture, values, commitment and matching resources to future need.

Bank Alfalah Limited

1.2 Historical Overview

Bank Alfalah Limited was incorporated on June 21st, 1992 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from November 1st, 1997. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance, 1962. The Bank is currently operating through various branches in Pakistan, Bahrain, Bangladesh & Afghanistan, with the registered office at B.A.Building,I.I.Chundrigar,Karachi. Since its inception, as the new identity of H.C.E.B after the privatization in 1997, the management of the bank has implemented strategies and policies to carve a distinct position for the bank in the market place. Strengthened with the banking of the Abu Dhabi Group and driven by the strategic goals set out by its board of management, the Bank has invested in revolutionary technology to have an extensive range of products and services.

This facilitates our commitment to a culture of innovation and seeks out synergies with clients and service providers to ensure uninterrupted services to its customers. We perceive the requirements of our customers and match them with quality products and service solutions. During the past five years, we have emerged as...

Find Another Essay On Detailed Analysis of Human Resource Management at Bank Alflah

The Internationalization of Human Resource Management - Printed

9045 words - 36 pages book, the several articles cover issues related to the role of the HR department and HR professionals in a company doing strategic human resource management. Because the field of strategic human resource management depends upon a detailed understanding of the business in order to link HR policies and practices with it, it is often the line managers who actively participate in strategic human resource management. This is particularly the case in

An Analysis of Human Resources Management at TNT

5615 words - 22 pages An Analysis of Human Resources Management at TNT TNT is the European market leader in global express distribution, logistics and international mail. Wherever a company operates TNT will make sure that their documents, consignments and business mail are delivered safely and on time using their integrated air and road networks. Their international operations are focused on the key areas of world trade in Europe, Asia, North and South

The Practice of Strategic Human Resource Management

1522 words - 6 pages effectively with the external pressures and demands affecting it* Focus on areas of critical need* Focus on fundamental questions as "What is constraining us?" or "What is stopping us from delivering business results?"* Be founded on detailed analysis and study and not just wishful thinking* Incorporate the experienced and collective judgement of top management* Anticipate the problems of implementation if managers are not committed to the

Function of Human Resource Management System

2897 words - 12 pages , retain, and maintain human resources, support HR administration, and optimize Human resource management. A Human Resource Management System (HRMS) or Human Resource Information System (HRIS) is a software application that combines many of the human resources functions, including benefits administration, payroll, recruiting and training, and performance analysis into one system (Bessler, 2011). This report will give an overview of these functions

The Role of Human Resource Management

1491 words - 6 pages Human resource management (HRM) can be described as a function within a firm that is concern with recruitment, management and provision of direction for individuals working in the firm. HRM is an organizational activity that is concern with issues related to employees such as hiring, compensation, wellness, safety, employee motivation, benefits, administration, communication, and training (Heathfield). HRM is also a comprehensive and strategic

Treasury Human Resource Management

1537 words - 6 pages appropriate solutions. And at least I will give an example of a possible interview plan.III.RECRUITMENT AND SELECTIONIt is not a secret that the Bank's management considers the staff of the Bank to be the most valuable resource. The modern human resource management is resource centred and concerns itself with the overall human resource needs of the organisation. The recruitment and selction is a part of resourcing. This is a first step in the process

Corporation and Family -- An Integrated Analysis of Human Resource Management in Hotel 373

1912 words - 8 pages perspective. When employees make mistake, don’t cast blame right away, try investigating what actually happened. Third, always remember to respect them. Treat them as your own family members.’ Hotel 363 shows a great example how a ‘corporation’ and a ‘family’ can exist at the same time. The family-like managing style has its unique advantage in human resource management; this style is a great motivator for the employees. The co-founder of Sony, Akio

Human Resource Management

3070 words - 12 pages more brutal or directive policies linked to command and control. It holds out the promise, or the illusion, of a win-win approach to labor management wherein both workers and employees are capable of achieving respective gains. David Guest sees this as a manifestation of the American dream. At the practical level, while the huge volume of research seeking to show a positive, causal relationship between this type of human resource management and

Human Resource Management

1481 words - 6 pages now turn into a vital stage of company development and improvement.Human resource management can be separated into different categories: Job analysis, job design, recruitment & selection, and career & succession planning.Over an over, hiring become a strategic analysis in which the overall strategy (growth, consolidation, diversification, etc), key human resources needed to achieve strategy & workforce characteristics and behaviors

Human Resource Management

3054 words - 12 pages performance has, as yet, never quite been able to come up with categorical proof, there is enough indication of a positive relationship. Even if we argue a reverse causality whereby it is successful firms that are more likely to adopt this type of human resourcemanagement, as opposed to human resource management causing high performance, the rational assumption remains that firms (or at least some firms) adopt human resource management because it

Strategic Human Resource Management

1247 words - 5 pages effective through improved staff development, teaching and learning. Moreover, leaders and managers can ensure that the human resources of learning communities are managed effectively with teaching and learning at the center (Introduction to Human Resource Management, 2012, p.13). It is only through a SWOT analysis that management can translate the mission into strategic goals, (Fisher, Schoefeldt and Shaw, 1996). The next step in the SHRM

Similar Essays

Human Resource Management At Delphi Essay

2721 words - 11 pages Human Resource Management at Delphi Human Resource Management is the utilization of human resources to achieve organizational objectives. Various studies have concluded that an organization?s human resources is its people. It can be a significant source of competitive advantage. Achieving competitive success through people requires a fundamental change in how managers think about an organization workforce and how they view the work

Personal Experiences In The Human Resource Department Of The China Merchants Bank

2258 words - 9 pages the China Merchants Bank (CMB) through a review of the literature. This paper begins with a discussion of the definitions of the talent and talent management. In the third part, the significance of talent management will be shown. Fourthly, this work will distinguish between the human resource management and talent management. It will develop the fundamental processes of the talent management. In the following sections, its theoretical arguments

Role Of Human Resource Manager At Home Depot

954 words - 4 pages Role of Human Resources ManagersIn Home DepotSince the inception of its first store in 1978, Home Depot has expanded nationwide. Currently, there are over 1500 stores nationwide. Because Home Depot wants to provide the ultimate shopping experience for its customers, the Home Depot is committed to hiring a diverse and qualified workforce. As a sign of their commitment, they have partnered with national nonprofit and government agencies. These

Role Of Human Resource Management Essay

844 words - 3 pages organization that deals with hiring, firing, training, and other personnel issues." (Human resources) At the Walt Disney World Company HR is broken up into several areas. Casting is the place where candidates apply and interview for open positions. Employee Relations deals with terminations, questionable acts of the cast members, and where notations are placed on a cast member's record card. There is also the Disney Benefits center. This is where