Talent Management Strategies of HSBC UK Bank

Running head: TALENT MANAGEMENT
Talent Management
Name of the Student
Name of the University
Author Note

1TALENT MANAGEMENT
Table of Content
Introduction................................................................................................................................3
Task 1:........................................................................................................................................4
1.1 Identifying current talent management strategy of HSBC UK Bank...............................4
1.2 Recruitment and selection................................................................................................4
1.3 Training and performance management...........................................................................4
1.4 Reward program:..............................................................................................................5
1.5 Diversity management.....................................................................................................5
Task 2:........................................................................................................................................6
2.1 Identifying the impact of the regulatory factor on the organization and HRM practices in
general........................................................................................................................................6
Task 3:........................................................................................................................................7
3.1 Identifying the impact of the environmental factors on HRM practices of HSBC..............7
Task 4:........................................................................................................................................9
4.1 Identifying and analysing a core position within the organization......................................9
Task 5:......................................................................................................................................11
5.1 Recommendation for HSBC aligning with the strategies that the organization needs to
pursue –....................................................................................................................................11
Task 6:......................................................................................................................................13
6.1 Recommending on how the above mentioned strategies can be operationalized..............13
References and Bibliography...................................................................................................15

2TALENT MANAGEMENT

3TALENT MANAGEMENT
Introduction
This report provides a detailed evaluation of the talent management strategies of
HSBC UK bank. The major purpose of the report is to evaluate the existing talent
management strategies and its impact on the organization and then based on the evaluation,
develop a suitable talent management strategy for the organization. Presently, HSBC is one
of the world’s biggest banking and financial service organizations with the customer base of
38 million belonging to four different global businesses- retail banking, wealth
management, commercial banking, global banking and global private banking.
Presently, the organization is running the operation in 67 nations with the employee base
around 229000 (Hsbc.co.uk. 2018).
Particularly, in UK the organization employs around 40,000 people (Hsbc.co.uk
2018). Such large employee base certainly requires a suitable talent management strategy.
The talent management strategy of HSBC in UK includes broad elements such as recruitment
process through skill test, reward program based on the performance, learning and
development opportunities, pay, bonus and leaves. In addition, the talent management
program of HSBC a clear set of goals which connect business, team, individual goals,
expectation and behaviour of employee and the core value of the organization. So, it can be
ascertained that HSBC incorporate its business goals into the process of talent management
program.
According to the annual report of 2017, the current revenue of the organization is
around $51.4 billion and the profit before tax is around $17.2 billion (Hsbc.co.uk 2018). The
primary strategy of the organization is to stand on where growth exists by running the
business strategically, prospering the economy and eventually helping people to fulfil their
needs as well as help them to understand their ambition. To achieve this purpose, the