Challenges for IHRM in Commonwealth Bank of Australia

Running Head: CHALLENGES FOR IHRM IN COMMONWEALTH BANK OF AUSTRALIA
CHALLENGES FOR IHRM IN COMMONWEALTH BANK OF AUSTRALIA
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1CHALLENGES FOR IHRM IN COMMONWEALTH BANK OF AUSTRALIA
Executive Summary
The Commonwealth Bank of Australia is considered to be one of the renowned financial sector
across the world. However, there are a number of issues that the HRM in Commonwealth Bank
of Australia has faced in respect to the international human resource management. The issues are
related to the poor workplace culture, irrational employee termination and lack of training
facilities. Therefore, the report also delivers some recommendations regarding the illustrated
issues and tries to mitigate the problem. Therefore, it is concluded that HR managers must have
an understanding of the employee interests as well as get acknowledged with the company
objectives and it creates a better environment for the Commonwealth Bank of Australia.

2CHALLENGES FOR IHRM IN COMMONWEALTH BANK OF AUSTRALIA
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................4
Poor workplace culture................................................................................................................4
Unprofessional employee termination.........................................................................................6
Lack of training facilities.............................................................................................................8
Recommendation...........................................................................................................................10
Conclusion.....................................................................................................................................11
Reference.......................................................................................................................................12

3CHALLENGES FOR IHRM IN COMMONWEALTH BANK OF AUSTRALIA
Introduction
Commonwealth Bank of Australia is one of the largest commercial banks across the
worlds. There are around 16.6 million customers with 6.2 million are using digital channels. The
net profit of the organisation is amounted $9,881 million as per the Annual report of 2017
(commbank.com.au., 2018). As a matter of fact, there are approximately 51,800 Commonwealth
Bank employees employed across 11 countries around the world. Based on this understanding, it
can be argued that the company evidently has a strong business encapsulation in the international
market. According to the Annual report of the Commonwealth Bank in 2017, it can be argued
that the annual earning was amounted $26 billion (commbank.com.au., 2018). However, there
are a number of issues that the company is suffering in recent time due to lack of transparency in
the banking structure and the data breach in the bank that damaged the image of the company
extensively. In addition to this, issues regarding the Human Resource Management were also
considered to pose serious threat to the employee satisfaction of the company.
In this context, the report incorporates some issues by pointing out the poor workplace
culture, unprofessional termination and lack of training facilities. The role of the HR
management is to create better environment for the benefit of the employees and also follows the
aims and objectives of the company. As a result of that, the report includes some efforts in terms
of recommendations so that it will generate some strategies to mitigate the issues.