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Diversity Management in Financial Insitution

Date post: 25-May-2015
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Solution 1: Aggregating the needs with companies in neighbourhood. Easily analyzing its cost and effectiveness. Solution 2: Mentor program could be measured by the participants’ (middle- aged management) performance Solution 4: Constitute a 24/7 working environment time frame, which can improve it competency significantly.
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Cane Mutiny Angie- Emrah- Kimmy- Steven
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Page 1: Diversity Management in Financial Insitution

Cane MutinyAngie- Emrah- Kimmy- Steven

Page 2: Diversity Management in Financial Insitution

Summary of the case Indentify the problems Class discussion Evaluate Frank's purpose Possible solutions Alternative Long term & Short term Wrap up

Agenda

Page 3: Diversity Management in Financial Insitution

What is Happening?

Erwin: VP of HR

Frank: Human Resource Manager

Matthias: senior employeeworked for more than 20 years

Page 4: Diversity Management in Financial Insitution

Aging problem in Germany

Corporate financial constraint

Difficulty in attracting young elites

The gap between young and senior generation.

Identify the Problems

Page 5: Diversity Management in Financial Insitution

People live longer, healthier

80% of people will be over 50 in 15

years

Aging Problem

Page 6: Diversity Management in Financial Insitution

Baby boomers will have the moneye

Babyboomers will be the target market Skills, experince leaving the companies

Aging Problem (cont’)

Page 7: Diversity Management in Financial Insitution

No long term plans for the aging

problem

Babyboomers want to work but not for

you

Gap between old and young

Aging Problem (cont’)

Page 8: Diversity Management in Financial Insitution

What’s the Possible Solutions?

If you are the younger generation?

If you are the senior generation?

Page 9: Diversity Management in Financial Insitution

The majority of the important knowledge in anorganization is in somebody's head

Page 10: Diversity Management in Financial Insitution

Mentor programs instead of part-time job switching the job of the capable and eligible seniors to an

internal coaching position. self fulfillment is much more important for seniors

A better internal e-communication system internal forum, project management system, online

meeting software or infrastructure.

The Possible Solutions

Page 11: Diversity Management in Financial Insitution

To remain the good intention taking female employees

Don’t keep your brilliant workforce away..

Page 12: Diversity Management in Financial Insitution

Set up the day care center?

Pros: appealing benefit for employees Cons: Renal, staffing, and managerial issue

The Possible Solutions

Page 13: Diversity Management in Financial Insitution

Diversity is beauty! Expand talent pool globally!

Page 14: Diversity Management in Financial Insitution

Hire people from international pool address the labor shortage issue

The possible solutions (cont’)

Page 15: Diversity Management in Financial Insitution

• Solution 1:Aggregating the needs with companies in neighbourhood.Easily analyzing its cost and effectiveness.

Solution 2:Mentor program could be measured by the participants’ (middle- aged management) performance

• Solution 4:Constitute a 24/7 working environment time frame, which can improve it competency significantly.

The BEST combination of solutions

Page 16: Diversity Management in Financial Insitution

Surveys and meetings Social Events Reward program Mentoring and reverse mentoring

program Recruitment

Short Term

Page 17: Diversity Management in Financial Insitution

Flexible retirement programs International assets Culture On going commitment of effort and

time

Long Term

Page 18: Diversity Management in Financial Insitution

THANK YOU !

Page 19: Diversity Management in Financial Insitution

Invite discussion for best practices How ‘s your company dealing with the

aging issue? (we know Canada is facing retired trend too)

Downsizing would reduce diversity. AT&T has a leave policy enable redundant employees to travel or study. As openings occurred, there employees returned to AT&T, restoring diversity and bringing enhanced skills and experience

Best Practices


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