The assessment for this module consists

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Contemporary HRM
Contemporary HRM of HSBC
3/31/2020
student name

Contents
Introduction................................................................................................................................3
Question 1: HR challenges.........................................................................................................3
Question 2: Recruitment & Selection........................................................................................5
Question 3: Training..................................................................................................................7
Question 4: Compensation.........................................................................................................8
Question 5: Diversity and Inclusion...........................................................................................9
References................................................................................................................................12

Introduction
The purpose of this report is to critically analyse a case study in order to better understand the
human resource management strategies. Contemporary HRM of HSBC, reflect various HRM
aspects and challenges faced by the company which will be critically evaluated in the report
further. HSBC is one of the popular and world’s largest banking groups with 71 nation’s
network coverage and territories like Asia, Africa, and Middle East , Europe, Latin America
and North America. There are various forces that have impacted financial institutions and
global industry which reflect noticeable changes in the organisations like the regulation,
emergence of new players, mergers and acquisitions and use of modern technology. These
changes have reflected increased competition in the industry along with the rapid changes in
industry which reflected HR and challenges for the company. Some of the HRM areas that
will be focus through the case include rewards, recruitment and training and development.
Human resources are some of the crucial assets of the company which are difficult to manage
due to changing behaviour of individual and organisation (Armstrong, 2017). However
human resource management is largely dependent on the culture, leadership and
organisational structure or HR policies that may impact the way an individual is being
performing in an organisation. Therefore the challenges identified for HSBC along with
relevant and suitable recommendations will be included as part of discussion in report.
Question 1: HR challenges
Some of the HR challenges that have been identified for HSBC included scarcity of talent. As
the case reflect all the financial services institutions across the globe are looking for similar
talent competencies and skills set in human resource which reflect scarcity of talent in the
industry. Other than this the sudden changes or elevation has reflected new skill sets which