As a result of the changes that were made in the Bank's System, HR Management had to do research and analysis in order to scan the banks new environment to see what types of employees would be needed with the "new strategy's skill and organizational requirements. ... This affected what people actually did with their money and where they actually put their money; and these two factors affected the whole money market system of banking. ... As a result the ability to access and share information creates a growing need for less hierarchy and more employee empowerment. ... Decisions ar...

• Word Count: 1539
• Approx Pages: 6
• Grade Level: Graduate

Use of modern information technologies to support personnel management is another recent trend in HRM strategy. While working in teams, people need to have stable communication channels, established information flow and reporting schemes. ... On-line recruitment both increases the pool of prospective applicants and lowers recruitment costs, providing the company with flexible selection process and efficient candidate processing systems. Centralized database systems reduce paperwork and data redundancy, allow for more integrated work effort in shorter time periods. ... Information systems are n...

• Word Count: 1492
• Approx Pages: 6
• Grade Level: Graduate

Formal classes and training away from the job are always effective in offering new information. ... This is a document that is written by the company defining the ethical standards of the firm, and it gives the employees information on how to handle the diverse situations in the company or organization (Beer, 1985). ...

• Word Count: 1760
• Approx Pages: 7
• Has Bibliography
• Grade Level: Graduate