Talent Management Strategy of HSBC Bank

HSBC BANK

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
Part 1- Talent management strategy of HSBC bank....................................................................3
Part 2- Regulatory factors that impact on HSBC bank and HRM practices in general...............5
Part 3- Environmental factors that impact on human resource management practices in
company.......................................................................................................................................7
Part 4-Analysing and identifying a current position which is being advertised within bank......8
Part 5- Recommendations..........................................................................................................11
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Talent management is a company duty to enroll, hire, recruit and build up the most
capable and prevalent representatives accessible in the activity showcase. In this way, capability
executives is a helpful term when it portrays an firm duty to contract, oversee, create, and hold
skilled employees. It involves entirety of work process and frameworks that are recognized with
holding and building up a prevalent workforce.
The current report is based on HSBC bank, in UK, this study explain talent management
strategy, relevant regulatory factors that impact on firm and human resource management
practices and also define environmental factors that also affect HRM practices in company.
Furthermore, this report justified job description, persona specification, recruitment channels,
selection methods and performance management criteria. At last it will define recommendations
based on previous analysis.
TASK
Part 1- Talent management strategy of HSBC bank
HSBC holdings Plc is a British international investment bank & financial services
provider company. It is prepared within four business groups, global banking and markets,
commercial banking, retail banking, Global private and wealth management. They use different
strategies for talent management within organization. In order to determine current talent
management technique the following info is required:
Human resource and business strategy-
The business strategy of HSBC bank is to help wealth, personal and corporate consumers
thrive through their deep heritage in faster progressing, and effective returning markets,
especially in Middles East and Asia. Recently, they set out a plan to position business to increase
returns for investors, create ability to invest in further organizational growth (Wadhwa and
Tripathi, 2018).

In order to enhance motivational level for workers, HRM of HSBC bank adopts different
strategies such as rewards, training and development.
Recruitment-
It refers to overall procedure of short listing, appointing, attracting and selecting suitable
applicants for jobs within HSBC bank in UK. For recruiting new candidates, human resource
management can use specific method such as advertising externally. Organization advertises job
vacancies via using social media sites like Facebook, Twitter and other (Jin, 2018). Furthermore,
they also use talent search as recruitment method. They recruit applicants online and place
information about vacancies on popular recruitment sites.
Selection-
It defined as procedure of short listing and selection of right applicant with required skills
and qualifications set to fill vacancies in HSBC bank. This process varies from sector to sector,
organization to firm and even amongst sections of same enterprises. Organization uses CoCubes
as a source for exam; they distinguish selection process into 3 rounds, first are aptitude test
round, second are technical interview round and third, are HR interview round (Singh, 2018).
Performance management-
With the help of this procedure, HRM in HSBC bank assure that set of objectives and
activities meets business aims in efficient as well as effective manner. Company offers a
comprehensive market competitive package of wage, and benefits to help workers personal as
well as professional needs. Furthermore, they also focus on performance appraisal plan that help
to enhance performance and productivity level rather than before.
Reward-
The benefit and achievement received by worker for their job performance in an
company are known as reward. Workers join company within some expectation of reward, some
may be expecting for better wages and pay for example, economic rewards while other may be
looking for accommodation, health and safety & transportation facilities. In context of HSBC