Hrm Case Study: Bidgee Bank

1028 words - 4 pages

Graham Starbuck the previous director of human resources at Bidgee Bank who introduced Sales Incentives Scheme (SIS). SIS caused chaos and put Bidgee Bank into a critical situation. Both the previous CEO Jonathan Rockwell and Graham did not foresee the shortcoming that cost them their job. The policies that Rockwell pursued were increase both market share and shareholder values. In order for Rockwell to do this, Graham introduced SIS that emphasises on individualism and sales orientated business, which was the major setback for Bidgee Bank as this system caused conflicts between employees themselves and doing whatever it takes to meet the sales target. Due to this system, employees had became dishonest and shonky. Major problem like fraud and customer dissatisfaction occurred as employees trying to achieve the unrealistic goals and there were lack of monitoring system. As this system was implemented to rapidly without thinking of the consequences, and employees were not ready or well trained enough to handle this situation.Now, Bidgee Bank is in an urgent situation where it needs to introduce a new performance management system. However there are many aspects that Bidgee Bank needs to put into consideration before designing a performance management system. Alison lee the successor after Graham needs to first analyse what were the major problem with the previous performance management system such as the shortcomings of the system as written above. Then she would need to discuss with the new CEO Allright so that she could implement a suitable reward system that all stakeholders will be happy. She must also take Bidgee Banks core business into consideration as a good human resource management are the ones that support the organisation's mission or purpose."HR managers in turn have the responsibility to ensure that HRM is strategically aligned with the organisation's overall business objectives…Collins says, "A strategic approach manages people and their contributions such that they provide the firm with a distinctive competitive advantage."(Stone, R.J., pg21)Firstly, the behaviours that Bidgee Bank should be seeking from the staff are to ensure that all the employees are falling in love with their job or the bank. When one falls in love with their job they tend to be loyal to their job and value their job. As well as building up thrust with the bank and handling every situation in an ethical manner. Either than that Bidgee Bank should also see team spirit between employees. So that teamwork could be achieved in order to bring employees close together as well as harmony. Most important of all it reduces conflict between employees to be the best in the same branch. Last but not least they should respect and be friendly both to customers and the higher hierarchies as well as their peer.Secondly, Alison need to decide which reward method would be suitable for Bidgee Bank with the aim of producing these behaviours that the bank seek within the...

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