Project Report: Effects of Westpac Recruitment on Migrant Employment

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This project report investigates the effects of Westpac Banking Corporation's recruitment and selection policies on the employment of migrant workers. The report begins with an overview of the topic, introducing the context of migrant employment and the role of recruitment policies in fostering job satisfaction and cultural diversity within the organization. It then outlines the research question, goals, and methodology, which includes a survey of Westpac employees. The findings section delves into the current state of migrant employment at Westpac, examining the percentage of migrant workers, their approach to mainstream business activities, and transitions in recruitment policies over time. Furthermore, the report explores steps taken by Westpac to improve the language skills of migrant employees. The analysis considers the impact of these policies on the recruitment and selection of migrant workers, with a focus on the potential for discrimination and the importance of equal opportunity. The report concludes with recommendations for improving recruitment practices and promoting inclusive employment, drawing on scholarly reviews and data analysis to support its conclusions. This research is valuable for students, particularly in HRM, by providing practical insights into the challenges and opportunities of migrant employment in a major financial institution.
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Running head: HUMAN RESOURCE MANAGEMENT
Project report on “Effects of recruitment and selection policy of Westpac Banking
Corporation on Migrants Employment”
Name of the student:
Name of the university:
Author note:
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Executive summary
Migrant workers intend to travel to other countries for better job opportunities. This is the
pull factor, which reflects the different in the conditions of the employment in the countries.
It is the responsibility of the firms to revise the recruitment and selection policies, so that the
migrant workers also get equal opportunities for achieving job satisfaction. This report
undertakes an explorative approach towards detecting the ways in which the recruitment and
selection policies affect the migrant employment. Revising the parameters of recruitment is
effective for the HR manager to enhance the cultural diversity of the workplace, Westpac
Banking Corporation.
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Contents
Overview of the topic.................................................................................................................3
Introduction............................................................................................................................3
Research question...................................................................................................................3
Goals and method.......................................................................................................................4
Findings, discussion and analysis..............................................................................................6
Recommendations....................................................................................................................14
References................................................................................................................................16
Appendix 1...............................................................................................................................19
Reflection.............................................................................................................................19
Appendix 2...............................................................................................................................21
Survey questions..................................................................................................................21
Appendix 3...........................................................................................................................24
Appendix 4...........................................................................................................................25
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Overview of the topic
“Migrants’ employment is affected by the recruitment and selection policy in Westpac
Banking Corporation”
Introduction
This report is based on the proposal on “Migrant employment is affected by the
recruitment and selection policy in Westpac Banking Corporation”. The tone of the proposal
was interrogative, which is assistance in terms of exploring the impact of recruitment and
selection policies on migrant employment in Westpac Banking Corporation. Within this
process, the emphasis has been shed on the factors influencing migrant recruitment and
selection policy. Scholarly reviews are conducted for enhancing the awareness of the readers
about the migration employment and its affectation on the recruitment and selection policies
in the companies like Westpac.
Research question
The research aims to seek answers for the question, “What are the effects of
Recruitment and Selection Policy of Westpac banking Corporation on Migrants
Employment?”
Delving deeper, the proposal excavates the contribution of the recruitment and
selection policies towards enhancing the productivity of Westpac Banking Corporation.
Revision of these policies is an agent in terms of achieving higher competitive advantage
over the competitors. The organization of Westpac Banking Corporation is selected because
of the effectiveness of international skilled migration towards improving the productivity
(Finder.com.au, 2020). The studies reveal that workforce demographics acts as an obstacle in
the process of formulating effective decisions regarding recruitment of the skilled and
efficient candidates, capable of enhancing the productivity of workplace like that of the
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Westpac Banking Corporation. The personal characteristics of the decision makers along with
the organizational characteristics typically influence the preference of the migrant candidates
belonging to the minority group. The research also speculates the importance of recruitment
and selection policy on the improvement of migrant employment. Legislative perception is
reflected from Equal Employment Opportunity Act, which contradicts the aspect of conflicts,
discrimination and harassments. These legislations is effective for the migrants in terms of
getting equal treatment in the workplace of the Westpac Banking Corporation.
Goals and method
Explorative design is adopted in the proposal for exploring the factors, which
influence the recruitment and selection policies in Westpac Banking Corporation towards
migrant employment. Through the means of positivism philosophy, the focus is on migrant
recruitment and selection policies, which expands the scope and arena of the supply chain
network in the company. For collecting essential data, the means of primary quantitative has
been selected by the researcher. As a matter of specification, survey has been conducted on
100 employees of Westpac Banking Corporation. These samples have been selected on the
basis of probability testing with due consideration to the awareness about the migrants
belonging to the minority group. The responses of the samples have been analysed through
the means of survey questionnaires, tables, charts and graphs, backed up by scholarly
reviews, which assists in enriching the knowledge of the readers regarding the recruitment
and selection policies, especially for the migrants. These reviews have been experimented
through the prisma diagram, which generates relevancy and reliability in the research
As a matter of specification, the researcher adopts liberal approach while collecting
data from the samples. This is through the means of implementing Data Protection Act
(1998) for protecting the responses from the issue of commercialization. Through this
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research, attempts are made towards synthesizing the following hypothesis for deducing
relevant conclusions regarding the recruitment and selection policies for the migrants in case
of Westpac Banking Corporation.
H0: Recruitment and Selection Policy does affect migrant employment
H1: Recruitment and Selection Policy adversely affects migrant employment
After the formulation of the hypothesis, the action plan has been prepared, which acted
assistance in progressing with the research activities according to the plans. At this stage, one
of the crucial activities was linking the achieved facts with that of the identified and specified
objectives. However, this alignment was at a preliminary stage.
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Findings, discussion and analysis
The research identifies the issue of personnel planning and job designing, which is
accounted as the important element of the human resource management in Westpac Banking
Corporation. Problem solving cycle is followed for conducting the research, which is
reflected from the identification of the issue at the initial stage. Scholarly reviews is effective
in terms of expanding the knowledge horizons and perspectives, which relates with the
explorative and deductive approach towards detecting the factors affecting and influencing
the migratory recruitment and selection policies in Westpac Banking Corporation
(Westpac.com.au, 2020). At this stage, the alignment of objectives and the collected facts
were synthesized in great details.
Objective 1: To investigate the percentile of the migrant workers in the Westpac Banking
Corporation
In the era of 2019, the temporary visa provision was the maximum. This reflected the
situation of more migrant workers to Australia in terms of enhancing professionalism. This
situation can be considered as the push factor, created by the Westpac Banking Corporation,
Australia (Sabot, 2019). The following figure sets the ground for the situation.
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Fig: Temporary visas in Australia
(Source: Homeaffairs.gov.au, 2020)
Immigrants are a major component towards enhancement of the economic growth and
development. Immigrants contribute towards enriching the cultural diversity. In this context,
recruitment and selection policies are crucial, which is supervised under the Employers’
Diversity Network (Sabot, 2019). Recruitment policies are central to the companies in terms
of gaining skilled and potential customers. These selection policies are effective for Westpac
Banking Corporation in terms of assessing whether human resource management parameters
are effective for the employees migrating to Australia from the other countries. In this
context, Czaika and Parsons, (2018) mentions about the diversity policies, which are
necessary for enhancing the cultural parameters.
Objective 2: To examine the approach of the employees towards the mainstream, business
activities of Westpac Banking Corporation
Skilled workforce is the essential requirement in any workplace for the fulfilling the
identified and specified goals. Labour maintenance costs are borne by Westpac, which helps
in estimating the other expenses. According to the annual reports of 2018, there is separate
migrant employment banking units of the Banking Corporation, which caters to the
development of cover sheets regarding investments (Westpac.co.nz, 2020). Governmental
interventions are essential in terms of upgrading the standards and quality of the recruitment
and selection process through the formulation of policies. In these policies, the criterions of
the job design are revised according to the needs, demands, requirements and expectations of
the candidates (Light, Bhachu and Karageorgis, 2017). Competitor analysis is conducted for
assessing the position in the market and the need for increasing the market share through the
means of offshoring and outsourcing the financial operations.
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Objective 3: To measure the transitions, which came in the recruitment and selection policies
of Westpac banking Corporation
Fig: Recruitment and selection policy in 2015
(Source: Apsc.gov.au 2020)
One of the challenges for the Bank is that of making human resource management
plans. Along with this, difficulties also persist in the management of the financial operations,
which results in the failure to influence the stakeholders and shareholders. If the attention is
placed into the year of 2012, need of competent workforce compelled Westpac Banking
Corporation to cope up with the external pressures and expectations of the employees
(Westpac.co.nz 2020). In the perspective of the migrants, these difficulties adds an
interrogative parameter to the policies for recruiting and selecting the employees, migrating
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from the other countries to Australia. Therefore, in 2015, the recruitment and selection
policies were revised with the inclusion of fair and equal treatment. The revision was
supervised by the Care Quality Commission and Department of Health (Apsc.gov.au 2020).
As a matter of specification, recruitment and selection policy formulation for the
migrants is supervised by the members of the Securities and Exchange Commission,
Australia (Asic.gov.au, 2020). Form 20F is issued for ensuring that processes are in
alignment with the rules and regulations. Forward looking statements are proposed in the
disclosure statements. As a result of this, Transatlantic Council on Migration decided to
introduce selection systems in 2016. Revisions of the system resulted in improvement in the
skills of the labours. However, the success of this system was short lived, as complaints were
received from the migrants regarding incapability of the systems to recruit according to the
needs of the labour market (Asic.gov.au 2020). McCollum and Findlay (2018) are of the view
that this is according to the segments of the section 21E of the US Securities Exchange Act
(1934). Ethical code of conduct is implemented in the business operations for ensuring that
they are in accordance to the identified and specified requirements.
Objective 4: To speculate the steps taken by Westpac Banking Corporation towards
improving the language skills of the migrant employees
Fig: The SLPET program at AMES Australia
(Source: Guo 2018)
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The migrants coming to Australia are provided with the opportunities for gaining an
insight into information regarding the sources from which money can be accessed. Along
with this, access towards verification of the identity sources and change of the arrival dates
are some of the other aspects, which enhances the ease of the migrants in terms of settling in
unknown countries. Westpac offers exclusive services to the clients and customers, especially
to the migrants. Mention can be made of Adult Migration English Program, which caters to
the provision of English training to the eligible migrant. Here, one of the conditions is that of
the date of VISA, which is considered for the commencement of the training. (Finder.com.au
2020). These programs provide 200 contact hours including the entitlements. The outcomes
of these training are positive, which reflects boosting the morale of the employees. These
accesses reflect the approaches of the Westpac Banking Corporation in terms of generating
inclusive practice among the employers for enriching the cultural diversity (Asic.gov.au,
2020).
In all of these training programs, the eligibility criterion is bachelors’ degree at the
time of arriving at the host country, Australia. In this context, one of the aspects is the lack of
basic work experience, reduced the chances of acquiring qualification matched employment
for the skilled migrants. In this context, cross cultural issues were also a problem in terms of
attaining qualification matched employment. Absence of generic and cultural knowledge was
a striking issue. Cultural knowledge provided the non-English speaking candidates with the
opportunity to attain better placement offers (Harvey, Groutsisand van den Broek 2018). The
reporting for these outcomes were done to the Relationship Manager, who caters to the
provision of tailor made solutions to the migrants. On the other hand, migrant banking is
effective for catering to the needs, demands and requirements of the migrants.
Reference can also be cited of the Australian governments’ scheme, Pacific Seasonal
Workers Pilot Scheme (PSWPS), which helps in recruiting the desired candidates from
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overseas. In this process, Westpac Banking Corporation considers the aspects of skills, which
the workers are expected to display in their home countries; reintegration services, saving and
remittances, departure services in the home/host countries, employment skills and knowledge
among others (De Haas, Natter and Vezzoli 2016). The banking personnel use social media
marketing, which is effective for increasing the trafficking of the audience towards the brand
image. The latest trends and offers in the policies and services are uploaded on the websites
for disseminating the essential information to the clients and customers. Specifically,
keyword search is conducted for enriching the information on the migrants and their
requirements. This keyword search process is used by the Banking Corporation for gaining
awareness of the conditions in the native market of the migrants. This search is effective for
planning the ways in which the recruitment and selection policies can be improved (Polanco
and Zell, 2017). In the process of formulating the policies on recruitment and selection, the
banking personnel adhere to the facts of labour mobility. Special services are there for the
disabled people. Along with this, remittance use, economic development is also considered
for providing the employees with the relevant packages to the migrant employees.
Papastergiadis (2018) highlights different schemes, which the Westpac Banking Corporation
undertakes for fulfilling the needs, demands and requirements of the migrants. These schemes
are: New Zealander recognised Seasonal Employer scheme and Australia’s Pacific Seasonal
Worker Pilot Scheme. These schemes are temporary, however, the knowledge and skill mix
is in accordance to the frameworks and policy guidelines implemented by the government.
Objective 5: To measure the impact of equality and diversity policy implementation on the
migrant workers
Seasonal workers are provided with training related to the specific services like
mobile banking, credit cards and others, which are important in the host country. On the job
trainings are an important component of the training programs, which are non-transferrable
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