Impact of Employment Relations and HRM Issues on Recruitment of Managers in ANZ Bank

Running Head: IHRM
Contents
Introduction................................................................................................................... 2
Business and employment background in the banking industry.............................................3
HRM issues.................................................................................................................. 4
Questions..................................................................................................................... 6
Conclusion.................................................................................................................. 14
References................................................................................................................. 15
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Running Head: IHRM
Introduction
This report is written with the intent to explain the impact of the employment relations
and human resource management issues of ANZ bank on the recruitment of the
managers from the other countries to work in the Australian Banking industry in 2019.
The main purpose of this report is to analyze the final reports of the royal commission
into the misconduct, superannuation and financial services industry. The report begins
with some background information regarding the banking business and employment
background as per the royal commission final reports. There are many human resource
management issues involved in ANZ banking which will influence the working of the
managers in Australia in 2019. The main body of this report includes some of the
answers of questions with regard to the royal commission’s final report on the
misconduct, superannuation and financial services. All these answers basically
represent the responses of the federal government and banking industry towards the
recommendations of the royal commission. This report also outlines how these
recommendations given in the royal commission’s final report are meaningful for the
employment and human resource management in the banking industry.
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Running Head: IHRM
Business and employment background in the banking industry
The largest part of the Australian financial system is the Banking sector as there are
more than 147 authorized deposit-taking institutions (ADI’s) accountable for 55% of the
assets of the Australian financial institutions. The Banking industry in Australia is
dominated by the four major banks including Westpac, Commonwealth, Australia and
New Zealand and National Australia Bank. From the last many years, employees are
assumed as the most important assets for the organization. Australia and New Zealand
Bank (ANZ) is the third largest bank in Australia founded in the year 1834. The business
of ANZ is serving more than 5 million customers with the help of more than 28,000
employees. The values of the company are to build a sustainable future for the
business, staff members and customers. The ANZ business operates in many other
countries such as in Asia, the UK and the United States. Talking about the management
team of this bank, then Mr. Shayne Elliott is the Chief executive officer and Mr. David
Gonski is the Chairman of the bank. ANZ is the public company that offers a wide range
of banking and financial services to the customers including retail, corporate,
commercial and business customers(Verrender, 2019).
Looking at the support given by the banks to its employees, then there are many
programs, approaches and standards. ANZ has provided traineeship and worked
successfully with the Aboriginal employment schemes. Also, ANZ bank believed in the
equality and their main motive is to recognize and reward the excellent talent and offer
great opportunities for the people with disabilities. ANZ adopted a strategy named as
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