Standard Chartered Essay

2725 words - 11 pages

Business Research MethodTopic: Loyalty; a major challenge for the Banking SectorA study of Standard Chartered Bank for twin citySubmitted to: Miss Najm-u-SeharSubmitted by:Hafiz Sohail AliNabeel QasmiFederal Urdu University Arts, Science & TechnologyISLAMABADLoyalty; a major challenge for the Banking SectorA study of Standard Chartered Bank for twin cityINTRODUCTION:The topic of our research is loyalty and its effects on the job satisfaction and turnover ratio in the organization. Loyalty, as a general term, signifies a person's devotion of attachment to a particular object, which may be another person or group of persons, an ideal, a duty, or a cause. It expresses itself in both thought and action and struggle for the identification of the interests of the loyal person with those of the object. Loyalty turns into fanaticism when it becomes wild; and into resignation when it displays the characteristics of unwilling acceptance. A man without loyalty does not exist in organization. It efforts and arouses him, brings meaning, direction, and purpose into his life and unifies his activities. loyalty has a social function. Only man's willingness, to invest his understanding and moral resources in cooperation with others, generously in something in future his less broad circle has it been possible for communities to emerge and continue to exist; among them, family, church and nation. Excerpted from the Encyclopedia Britannica, from the article entitled "Loyalty" (1971)SIGNIFICANCEWe, the group of researcher decide to analysis employee's loyalty and its effects on the job satisfaction and turnover ratio in the organization. Do satisfied workers really work harder? If they do, is it because they are satisfied? Once we have been doing things for a while, our motivation decreased. Motivation! While other employees might be motivated to come to work, others are not. It then becomes management's challenge to deal with employee inertia. Organizations must consider the nature of employee engagement, because this one variable is likely to predict an organization's ability to achieve high results with productivity, profitability, customer service, and staff retention and workplace safety. The employee's satisfaction is directly connected to the organization productivity. Higher employee motivation leads to greater creativity and productivity, which in turn lead to improved company performance.Literature ReviewAccording to Michael Argyle There are different claims about the effect of happiness on productivity. Some think that the enjoyment of life will produce involvement and smooth interaction, thus increasing productivity. Others rather expect that happiness will reduce the motivation to seek improvement and make them passive and dull. There is no research on the effects of overall happiness or life-satisfaction on productivity. However, there is a lot of research on the relationship between job satisfaction and work performance. Job satisfaction is quite...

Find Another Essay On Standard Chartered


1136 words - 5 pages According to the auditing standard, “Materiality means the amount or amounts set by the auditor at less than materiality for the financial statements as a whole to reduce, to an appropriately low level the probability that the aggregate of uncorrected and undetected misstatements exceeds materiality for the financial statements as a whole” (Canadian Institue of Chartered Accountants 2012a). We might also consider out textbooks definition “The


1056 words - 5 pages Accountants. 2012a "CAS 320 Materiality In Planning and Performing an Audit." Canadian Auditing Standard. (accessed 02 20, 2014). Canadian Institute of Chartered Accountants. 2012b "Audit of a Small Entity: Materiality and the Small Entity." Canadian Accounting and Assurance Reference Service. (accessed 02 20, 2014

A Symbolic Analysis of William Blake's London

852 words - 3 pages organized by the ruling class-seeing expressions of weakness and woe on the faces of all the people he meets. The streets and the river make up a network that has been laid out and chartered by the wealthy class to control the poor. The poet walks among the poor, participating in the drudgery of their daily lives; he feels their misery as they endlessly struggle to survive as pawns of the class system. .........In the second stanza

Financial risks in banks

2012 words - 9 pages Table of content Question 1 3 How can the regulator i.e. the Central Bank mitigate these risks? Question 2 5 Discuss the various kinds of risks involved in outsourcing of financial services which in your opinion, Standard Chartered Bank needs to take note of

Outsourcing Financial Institutions in Singapore

2118 words - 9 pages functions and supervisory power of MAS. In case of Standard Chartered Bank the MAS took an action to protect bank’s authority in order not to lose their consumers and to keep safety and soundness of bank. They commented their act by saying “financial institutions across the world have been facing an increasing number and variety of cyber threats and MAS takes a serious view of such threats and has stringent requirement in place for financial

Accounting in an Emerging Country - The Case of Bangladesh

8276 words - 33 pages ACMA : Associate Chartered Management Accountant ACPA : Association of Certified Public Accountants AICPA : American Institute of Certified Public Accountants BAS : Bangladesh Accounting Standards BB : Bangladesh Bank BFRS : Bangladesh Financial Reporting Standards BSA : Bangladesh Standards on Auditing CMA : Certified Management Accountant CPA : Certified Public Accountant FASB : Financial Accounting Standard Board GAAP : Generally Accepted

Multiculturalism In Canada

1688 words - 7 pages . Proponents of centralization argue that a standard national system of education will provide all people with access to the same quality of education. On the other hand, proponent’s of decentralization claim that individual educational institutions will provide a level of education that is sensitive to the differing cultures and economic status within a particular area. Both sides contend that their system will provide a higher standard of education

Review of a Library and Information Science Periodical

560 words - 2 pages In this review, I will discuss the basic information and content of the Journal of Information Science. This journal began its illustrious life in 1979, and since then it has been birthed from the loins of its publisher, SAGE Publications on behalf of the Chartered Institute of Library and Information Professionals, on a bimonthly basis. All of its issues are available for perusal in both electronic and print form; it has not gone by any

account planning

625 words - 3 pages shortage by outsourcing.Besides the above, another common trend has been noticed in the country: Foreign banks are more inclined to focus on streamlining the operations and migrating some of their processing functions to other locations or to different vendors in the same location. Standard Chartered Bank, ABN AMRO, Bank of America and J P Morgan Chase are few of the examples of this trend.Some of the major contracts analyzed in this report include

How to Claim for Negligence

1539 words - 7 pages factor. Before breach can be fully determined, the standard of the duty of care must be set first. The standard for professionals was set out in the case Bolam v Friern Hospital Management Committee [1957] 2 All ER 118. This states that the duty is ‘a duty to exercise reasonable skill and care’. The defendant who claims to have a specific skill set (in Brad and Chardonnay’s case, this was the surveyor) will be judged with reference to the standard

Aeronautical Engineers

1441 words - 6 pages 25 years old to register as a CEng and 23 to register as an IEng. An alternate route to the Academic Standard for Chartered Engineers is the Engineering Council Examinations. This is for people whose circumstances prevents them from taking an accredited degree, those who have non-accredited degrees and for people from overseas who want to obtain a recognised British engineering qualification. Pay/ Opportunities

Similar Essays

Personnel Management And Human Resources Management In Standard Chartered Bank

1556 words - 6 pages Standard Chartered Bank Jakarta . The company which I have been selected to my assignment project And then thousand thanks for my beloved parents . Who always support and motivated me to do best in everything. I hope this assignment useful for everyone and forgive for the wrong say. Thank you Gabriella Fardhiyanti EXECUTIVE SUMMARY This project assignment has been finished to fulfill the

Answers To Questions Regarding Banking And Security Issues

1807 words - 8 pages , reputation risk, compliance risk, operational risk, legal risk, exit strategy risk, counter party risk, country risk, concentration and systemic risk, etc. In case of Standard Chartered Bank in Singapore, 647 of its private banking clients’ monthly statements were stolen from the server of the bank’s service provider, printer of those documents, Fuji Xerox. This evidently shows that both sides didn’t expect this incident to happen and probably

The Roles Of Central Banks Essay

1766 words - 8 pages third party’s application security programs and infrastructure, containing the software growth life cycle and results of vulnerability and penetration tests. Estimate the third party’s ability to implement effective and sustainable corrective actions to address deficiencies observed during testing. Which these actions in the following case with Standard Chartered Bank and Fuji Xerox were not performed well and as the consequence there was occurred

Regulatory Intervention Within Major Uk Banks

1011 words - 4 pages This essay will examine and analyse regulatory intervention within major UK banks such as HSBC Bank Plc and Standard Chartered in the United States, the intervention’s outcomes and the relationship between these banks and the US regulatory bodies. The intension of financial regulation is to protect savers, borrowers and investors that participate within financial markets and to pursuit financial stability within a country by achievement of