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

2258 words - 9 pages

1. Introduction:
As a new wealth for the organization, the businesses are noticing that the talent is the treasure of the company. In twenty-first century, organizations are facing the challenges of human capital that are also called “war for talent”(Ashton, and Morton, L. 2005; McKinsey, 1990). As a valuable treasure, talents whom can improve business performance and create contributions to the business become the centre of attention especially under the talent shortage environment. Cappelli (2008) notices that the rising star is worth to fight. Outstanding talent is crucial for business to achieve the competitive advantages (Iles et al., 2010). For a successful company, talented people play a center role. Thus, talent management becomes increasingly important for businesses to successes.
The aim of this paper is to analyze the personal experiences in the human resource department of 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 for the barriers for the talent management and the critiques are shown in the fifth section. Finally, the writer’s personal experience of going to work for the China Merchants Bank will be analyzed.

2. Literature review

2.1 What is talent
McKinsey (2008) defines talent is a rising star with high skills, knowledge, experience, intelligence, attitude, intrinsic gifts and ability to learn and develop (cited in Stephenson and Pandit, 2008).

According to Torrington et al. (2010), talent can be divided into two groups. First, talents are a small number of people with superior knowledge and skills and have the potential to reach the top position in the organization (Michaels et al., 2001). However, this elitist definition ignores the relationship between talent and business success. The second approach that defined by Chubb and Phillips (2008) is that a talent is the value elitist that is important for business to achieve its target. Torrington et al. (2010) recognizes that those two definitions are not always independent and they also find that many organizations adopt a balance between the two.

Makela et al. (2010) suggest that there are two stages process for an organization to evaluation the internal talent. The first step is experience-based online search and choice that include the performance appraisal and appraisal rating and evaluation. The second one is the cognition-based offline search and choice including talent review and talent pool inclusion. Both processes are incorporated into with organization’s performance management practice.

2.2 What is talent management
According to Ashton and Morton (2005), talent...

Find Another Essay On Personal Experiences in the Human Resource Department of the China Merchants Bank

The Merchants of Cool Essay

650 words - 3 pages In Rushkoff’s film, The Merchants of Cool, he rhetorically questions if “teenagers even have a culture to call distinctly their own.” In the late 1990’s when the documentary was made, the implication was that they do not. However, with the internet’s advancements and the accessibility of communication with massive amounts of people, teenagers today can form authentic cultures that are not contaminated by the corporate media. When the

The Department of Human Services in The State of Tennessee

1377 words - 6 pages The Department of Human Service (DHS) is a national or sub national umbrella agency that was set into place to provide public assistance in different cities and regions across America (U.S. Department of Human Services, [DHS], 2011). According to Dr. Raquel Hatter, Commissioner of Tennessee, the DHS Mission Statement is; “To improve the well-being of Tennesseans who are economically disadvantaged, vulnerable or living with disabilities through

The Making of a Human Resources Department

1732 words - 7 pages stakeholder,” (page 14). Noe, R. A., Hollenbeck, J. R., Gehat, B., & Wright, P. M. (2014). Creating a human resources department that focuses on strategic growth for a company that we truly believe in is very important. NAF is a phenomenal organization with tremendous growth potential. New American Funding is filled with a group of people working hard and collaboratively to build the nation’s most amazing mortgage bank. Works Cited Noe, R. A., Hollenbeck, J. R., Gehat, B., & Wright, P. M. (2014). Fundamentals of human resource management (5th ed.). New York, NY: McGraw-Hill/Irwin.

The Purpose of Human Resource Management Policies in Organisations

1366 words - 6 pages The human resource management plan outlined above covers key areas that require attention in the growth of Merton Campaign Society. Using SMART analysis, the objectives of the HRM plan have been set in a way that they are realistic and sustainable. However, the plan could have been supported by key indications about the available funds for human resource activities and the mechanisms used in the prioritization of human resource projects. In

Explain the relevance of Human Resource Planning in an industry?

1146 words - 5 pages IntroductionIn today's competitive business market, it is very important to remember how effective planning and development play an important role in the overall success of the organization. Planning is vital part of any department of the organization whether it is the operations department or the marketing dept if planning doesn't take place than objectives will not be achieved in an appropriate manner. Then why not Human Resource Planning

Human Resource Management in the US

1770 words - 7 pages During the first quarter of the twentieth century, the human resource function in US organizations emerged as the personnel department. Early functions of this department included attempts to keep labor unions from forming and focusing on production efficiency through time and motion studies. In the 1910s and 1920s these departments began to engage in employment testing, focusing on individual differences that predicted job performance. Soon

The Internationalization of Human Resource Management - Printed

9045 words - 36 pages , consequently, is the largest here, and thus, is reviewed first.Human resource management is a vital function in organizations. It engages everyone and it take time. Managing human resources effectively requires that the special expertise of HR professionals in the HR department be used by, and in partnership with, line managers and other employees. It involves attending to the concerns of the moment while keeping a longer-term perspective in

The Role of Human Resource Management

1491 words - 6 pages by the employee. In fact, all the activities that are carried out in the office computer, which includes personal emails, is usually reviewed by the immediate managers or the HR department. Findings of this nature have been on the increase with a 2009 report showing that 26% organizations reported firing employees who violate email policy, up from 14% in 2001.   Work cited: Heathfield, Susan M. What Is Human Resource Management? Definition of

The Benefits of Human Resource Investment

2665 words - 11 pages . The onus is therefore for the management to embrace the right training and development policies, in the search of increased productivity, quality assurance and increased profitability. Works Cited Armstrong, M. (1995). A Handbook of Human Resource Management Practice, 5th edition. London: Kogan Page Limited. Baker, H. (2007). Employee training, Global Media. Bandt, A. and Haines, S.G. (2002). Successful Strategic

The Practice of Strategic Human Resource Management

1522 words - 6 pages support each other* Be capable of being turned into actionable programmesStrategic FrameworksThe formulation of coherent HR strategies is more likely if the overall approaches the organization intends to adopt to managing its human resources are understood. The most common approaches are* The development of resource capability* High-commitment management* High performance management* Best practiceResource CapabilityThis approach regards the firm as

History of the World Bank, includes personal comment

1220 words - 5 pages , The EDI is known as the Bank's college and was initially set up with financial support form the Ford and Rockefeller Foundations.The International Finance Corporation was established in 1956 as an affiliate of the bank with an authorized capital of $100 million. It is a separate legal entity with its own staff, membership and resources. Raises about 80% of its funds from international capital markets and receives balance in the form of transfers

Similar Essays

Functions Of Human Resource Department Essay

1846 words - 7 pages . & Wilkinson A. 2003, 2nd Edition, People Management and Development. , Chartered Institute of Personal and Development (CIPD House), London. Pfeffer J, 1998, The Human Equation: Building Profits by Putting People First, Harvard Business School, Boston. Rana E. 2000, ‘IIP revamp aims to cut back on bureaucracy’, People Management, 13th April 2000, P14. Saif Sultan, System trainer in Tawteen, Dubai, 2005 Sanders D. 2000, ‘The Pros and Cons of Computer based learning’, Employee Development Bulletin 123, March 2000, P6-8. Towers B. 1996, 2nd Edition, The Handbook of Human Resource Management, Blackwell Business, Oxford.

Human Resource Management In China Essay

3502 words - 14 pages Human Resource Management has been considered as the important part of management in enterprise in the modern society because it influences on the whole member of company. Consequently, it is likely to value to look about Human Resource Management.This essay is written about Human Resource Management in the People¡¯s Republic of China and South Korea, and it will focus on recruitment and staffing, training and development and

Detailed Analysis Of Human Resource Management At Bank Alflah

3681 words - 15 pages environment: Demographic Sector Economic Sector Technological Sector Social Sector Political Sector PHASE THREE SHRM PRACTICES IN BANK ALFALAH 3.1 What is Recruitment? Each organization needs the members to be the live organism. The recruitment process is the main process to bring new members to the organization. Each Human Resources Department has some kind of the support for the recruitment process. The

Personal Management Or Human Resource Management

1044 words - 4 pages The competition in the recent business area is unprecedented severity. The organizations, who manage successfully, can survive in the dog-eat-dog market. It follows that human resource becomes a key source of every organization. The effectiveness of managing the human resource also becomes an important factor to achieve success. In the same way, personal management and human resource management are two main modes for managing human resource. The