International Human Resource Management
With the great determination of the Board, Management and Staff, the company has acquired a remarkable success, in which, the Board had decided to open a new branch located in Singapore. The growth of the banking industry had made a great progress and because of being committed to work together, the company successfully achieves its goal. In order to accomplish the establishment of a new branch in Singapore, we need to focus on the relocation of some of the staffs. Not surprisingly, employees are one of the reasons for the company’s success and growth, and employee’s morale is vital factor to business success. Employees have successfully met the challenge of being able to consistently exceed customer expectations and their being customer-oriented was one of the secret of the victory. Due to this matter, the company has come up with the decision for the relocation of some of the employees. In this case, 20% of the present employees in Hong Kong should relocate in Singapore. Relocation will start when everything is been settle in Singapore Branch. In order to attract and retained talented individuals who shows the capability in building a strong company the Company will provide the expenses of the employees which include the cost of the air ticket, a hotel accommodation, a higher compensation plus employee benefits (health, disability, and life insurance plans) in order for the employees to be motivated, energized, and eager to try something new. Newly hired and newly promoted employees are under probationary period but after finishing a contract they will be evaluated. Upon the business operations at Singapore, recruiting and selecting of new staffs will be covered. The Human Resource Department (HRD) will be responsible for the recruitment and selection. They will be the one to prepare the examinations, sets interview and assign someone to train the trainees. The recruitment will be made on the basis of examination and series of interviews in which applicant’s score from a competitive examination are used in determining a person’s rank and total impact. After passing the examinations, the applicant will have a series of interview to find out if he/she really fits the job. Upon passing the hiring process, the applicant will take one-month training in which he/she will be trained on his tasks, and at the end of month he/she will be evaluated if he passed the training. The HRD will evaluate the trainee and if he/she passed the HRD will going to set a job orientation which tackles the company’s profile and rules, the validity of contract, the benefits and at the same time their salary which includes their payments in taxes. Moreover, the HRD will be responsible in establishing and publishing compliance of the company’s ethics and policy. HRD will also be held liable for the training programs and prepares a periodical review in assessing corporate performance. In addition, the company will reward and recognized top performers in which he/she shall receive bonuses depending on his/her overall performance and contributions to the company. For the acquisition of the best employees, HRD will held job fairs, and advertisements in both media and reading materials. Human Resource Management Team will also be formed to attain a continual growth for the organization. This organization plans the appropriate steps to bring demand and supply into balance and made possible to enhance the knowledge and skills of employee. In addition, the HRM Team develops the human resource function and managing diversity in the workplace. The Employment Act in Singapore states that there will be “basic rate of pay” means the total amount of money (including wage adjustments and increments) to which an employee is entitled under his contract of service either for working for a period of time, that is, for one hour, one day, one week, one month or for such other period as may be stated or implied in his contract of service, or for each completed piece or task of work but does not include “collective agreement” means an agreement as defined under the Industrial Relations Act; (1999). There will also be payment for overtime, annual wage supplements and a reimbursement given to employees on the expenses they incurred upon the course of employment. The employee will signed a contract and if a person who willfully and maliciously breaks a contract of service or of hiring knowing or having reason to believe that the probable consequences of his doing so, either alone or in combination with others, will be to endanger human life or cause serious bodily injury, or to expose valuable property whether real or personal to destruction or serious injury shall be guilty of an offence and shall be liable on conviction to a fine not exceeding ,000 or to imprisonment for a term not exceeding 3 months or to both(1999). The company will see to it to achieve the employees’ satisfaction and there will be a solid relationship to all employees in different fields of the organization. To avoid trade unions, the cries of the employees’ are heard and there will be good industrial relations between employees and employers. In choosing a location for the new branch in Singapore, the company prepares surveys and market research. The location must be accessible to the mass and should determine the factors that will increase customer volume for the new branch. The location should be properly zone and need to find out if there are any restrictions that might affect during the operations. The adequate parking space is also included in choosing a good site. Significant numbers of customers are having cars and if there will be lack of parking space there will be a big problem. The company is now preparing for the future expansion and opening of branch in Singapore, in which, all of the employees are starting to do research and planning. As soon as everything will be settled regarding the plans, the desired location, the cost of construction and other possible expenses, the construction shall start. This expansion contributes a lot by creating and maintaining jobs, in addition, support families and stimulate the economic activity. The approach is a huge challenge in itself and calls for a through analysis and planning in order for the company to carry out its international staffing practice with fruitful rewards.
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