Portfolio Management Strategies in Today's Global Economy
Added on 2019-09-30
11 Pages2369 Words258 Views
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Coaching Program of XYZ limitedXYZ Limited is one of the reputed name in Finance industry based in India. Thecompany carries an experience of 15 years in primary and secondary financial market.It has now client base over 10 countries including USA, China, UK, Australia andFrance. The company has achieved success over a period of time due to its quickadaptability and responsiveness to the changing environment. Its work force is thestrength of organization as the business success is highly dependent locking deal withclients. [Parsloe, E.,et.al 2009]The company CEO felt that outside India, their client base is reducing since past 6-8months. From the primary investigation, it is found that the employees deployed there toget clients are not able to lock deal with foreign clients. The major business of XYZlimited is consultancy in financial matters like merger and acquisition, tax consultancy,underwriting, mutual fund and derivative trading. Due to change in financial rules and regulations, lack of skill, knowledge aboutinternational financial market are causing trouble for employees. This is the reason, the company decided to conduct a “Coaching program forInternational Finance” for the existing employees and new appointees. [Garvey, Bet.al2017] International Finance coaching Initial EngagementThe coaching program would be carried over a period of 6 months in total. This wouldcarry knowledge, skill and experience sharing over ‘International Finance’ to thetrainees. This coaching program is falling under “Career Development” planning. Aim- To aware the employees about the changes in international financial environmentand to prepare them to adapt the changing scenario for growth and prosperity ofbusiness.
Evaluation- The program successwould be measured based on thescores they got in writtenexamination and interviewsconducted by coaching staffs.This would be reported to CEO directly.Communication- All communication between trainer and trainee would take place via e-mail and face to face interaction. Other communication channels are permitted bytrainers only.Present status of Trainees For the coaching, the company is going to take 50 employees (20 new appointees) forthe coaching program. Here is a composite present situation of employees regardingtheir qualification, knowledge and experience in international finance.The present status of employees’ shows that majority of employees have no idearegarding recent amendments and changes. Even most of employees are not muchexperienced and quite a few have done typical finance professional course. Overall theyneed to know the recent changes in international finance and the approach to thechange in client mind-set for their portfolio. [Kowal, J.,et.al2007]Area of focus on coaching36%32%29%3%Experience in yearsLess than 1 year1-3 years3-5 yearsMore than 5 years 12; 24%25; 50%13; 26%%of Employees aware of changesYes NoNot sure32%64%4%% of EmployeesCA/CFA/CS/CMAM.COM/MBA (FINANCE)BBA (FINANCE)/B.COM
The recent global economyFinancial GlobalizationInternational Financial transactionForeign Exchange Modern Portfolio Management Derivative MarketThe coaching contract (Template form)This agreement is made between XYZ EMPLOYEE and XYZ Board for 20 coachingsessions.The coaching relationshipThe purpose of the coaching relationship is to support the coachee to achieve theirgoals. The coach and coachee would first come to an agreement about the nature ofcoaching. Coaching is a non-therapeutic intervention intended for coachees who wish toenhance their performance or improve their work or personal situation. Either thecoachee or the coach is able to exit the coaching relationship without giving any reason,subject to appropriate notice being given.Coachee’s responsibilitiesTo attend coaching sessions as agreedTo select topics for discussionTo set and pursue meaningful goalsCoach’s responsibilitiesTo manage the coaching process (including timekeeping)To undertake regular professional coaching supervisionTo maintain confidentiality (subject to certain exemptions) [Thach, E. C. (2002).]Number of sessions and feesThe coachee and coach would meet for 20 sessions, each lasting for no longer than 20days.
.This is a “cost free” program for employees. All the expenses Would be borne by XYZCompany. Rescheduling coaching sessionsCoaching sessions can be rescheduled by either the coachee or the coach within 5days’ notice.Information about the coachMr. Joseph Edwards- Regional Relationship Director (India) CA, CMA, EXP- 15 yearsMr. Naveen Jaiswal- Senior Finance Executive MBA (Finance), M.Com, CS, EXP- 10yearsMs. Sian Yuan- Chief Financial Advisor (China and USA) CFA, CMA, EXP- 7 years Style of coachingStyle of coaching [directive-50% non-directive (web based-50%)].The coaches areallowed to inform HR and CEO directly regarding an employee performance andparticipation. Ethical GroundAny violation of company rule or mis conduct would be taken seriously and actionswould be taken strictly. This coaching contract should be signed by both the coach and coachee. It should bereferenced at the start of each coaching conversation.Coachee and coach signature with date (given here)Schedule of Coaching Program Start Date DurationAgendaMode ofConducted by
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