HRM Comparison: Corporate Strategies of HSBC and British Airways

This report provides a comparative analysis of Human Resource Management (HRM) strategies employed by HSBC and British Airways. It highlights the differences in their corporate strategies, considering HSBC as a financial institution and British Airways as a global airline. The report compares...Read More

Human Resource
Management

Table of content
9
 Introduction
 Hsbc
 British airways
 Differences in corporate strategies
 Comparison of HR policies
 HSBC policies of HR

Table of content
9
 Help in deciding the salaries and many other rewards and incentives
 Best fit for corporate strategy
 Self- reflection and critically analysis of people management and their team managing
ability
 Conclusion
 References

Introduction
HRM is the procedure which deals in
checking and managing the control of human beings
which can be operating or running with inside the
business enterprise with their motive of
accomplishing the objectives and goals. These
human beings are called the personnel or workforce
participants of that business enterprise. HRM
includes all of the approaches that encompass the
recruitment, hiring and dealing with the personnel.

Corporate Strategies
Corporate strategies are those different
strategies which are used to prepare plans and
policies that are made or formulated to increase the
profits of their business organisations, by gaining
many different competitive advantages in the market.
This will help in gain more trust and value from their
various stakeholders who are related to the
organisations directly or indirectly (Rajabpour and
AFKHAMI, 2020).

HSBC and British Airways
 HSBC: HSBC bank is the financial institution and economic
group serving different banking and financing offerings to its
customers. This financial institution has to adopt different
company guidelines and techniques for smooth running and
generate extra revenue from their marketplace.
 BRITISH AIRWAYS: British Airways is a worldwide airline
that has its company approach that specifically goals at
differentiating its services from many other different
competition and growth with inside the marketplace.

Differences in Corporate Strategies
 The primary difference in those businesses is that one is
an airline company while however the some other one is
a banking and a financing organization which are run in
the global market.
 Both of those businesses purpose at reaching
increasingly more revenue with the growth in income for
the duration of the time this is already predetermined
through the management (Lopes, 2020).

Comparison Of HR Policies
HSBC Policies of HR
 Selection and Recruitment Process
 Providing training to their employees
 Help in Deciding the salaries and many other Rewards and
Incentives:
 Need to maintain their Industrial Relation:
 Code of Conduct:
 Provide solution and comfortable zone to their employees

Continue
 HR Policies of British Airways
 Selection and Recruitment Process
 Providing training to their employees

Help in Deciding the salaries and many
other Rewards and Incentives
HRM group of British airways have to evaluates and
proper examine of the overall performance and operating all
activities of all personnel through control and technology of
personnel salaries and different rewards and incentives and
compensations.
 Need to maintain their Industrial Relation
 Code of Conduct
 Provide solution and comfortable zone to their employees

Best Fit For Corporate Strategy
Every organization or business enterprise opts for the
excellent techniques for their growth and development. As such on
this file the 2 establishments which can be adapted by HSBC and
British airways. Along with them, their company techniques are
mentioned inside this file (Cooke, Xiao and Chen, 2021). The
excellent techniques which have been followed through those
specific establishments are excellent and well selected at their
locations of their enterprise establishments for the growth in
increase and improvement of those establishments which might be
thereby mentioned

Conclusion
From above explanation of the report, it has been concluded that management of the
human resources is considered as one of the essential key to achieve the success and growth of
an organisation. This kind of management process has ensured the seamless as well as effective
application of the processes and policies within the business. This report is based on the two
main organisations that include British Airways and HSBC Holdings in which it has been
covered different aspects that are associated with these two organisations.

References
 Cooke, F.L., Xiao, M. and Chen, Y., 2021. Still in search of strategic human resource
management? A review and suggestions for future research with China as an
example. Human Resource Management, 60(1), pp.89-118.
 Doll, J.L., 2018. Structured interviews: Developing interviewing skills in human resource
management courses. Management Teaching Review, 3(1), pp.46-61.
 Gharibeh, M., 2019. The Impact of Green Human Resource Management Practices
(GHRMP) on the competitive advantage of the organization. Journal of Social Sciences
(COES&RJ-JSS), 8(4), pp.630-640.

Thank-You