Human Resource Management in Multinational Banks in Tanzania Research Paper

Human Resource Management in multinational Banks in Tanzania - Research Paper ExampleStandard Bank provides a variety of specialized pecuniary services to the local population and is focused on the small business needs of the atomic number 18a. They have a formal hierarchy and channels of communication which run from top to bottom making use of particular(prenominal) technology and softwares to manage their transactions smoothly. The strategic decisions, including HR functions are made in the take touch with full operational control of all the activities taking place in each regional branch. The directives from the Head Office are issued to the regional Head Office and then passed on to the country branches. The Branch representatives are responsible for monitoring and implementing all the directives and for maintaining the company culture. Utilizing traditional African ideas and values the bank has a team based approach which fosters collective scat mindset and a relaxed work environment. There is a anatomical structure enforced through physical space but communication is free flowing and relaxed with a rumple of Swahili and English.The company is concerned with the personal and professional satisfaction of its employees stating that The more we treat our employees fairly, the more they will work well for us (Newenham-Kahindi, 2007). Standard Bank has strong training and development programs, bringing in expatriates for grand training with smaller in-house training programs available as well. These training sessions incorporated input from the employees and allowed local participation. A workers committee made up of bank representatives also serves to protect employee welfare sluice though it does not have autonomous decision making. In many ways the bank is attempting to be mindful of the local needs and the traditional work expectations. However some areas of improvement have to be management correctly as the bank moves forward.In recent