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Summary OMM 618 W1 Assignment.docx OMM 618 OCBC Bank Case Study The University of Arizona Global Campus OMM 618: Human Resources Management OCBC Bank Case Study OCBC Bank is Singapore's oldest bank, having merged three local banks in 1932. With an Aa1 ra
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OMM 618 W1 A OMM 618 OCBC Bank Case Study The University of Arizona Global Campus OMM 618: Human Resources Management OCBC Bank Case Study OCBC Bank is Singapore's oldest bank, having merged three local banks in 1932. With an Aa1 rating from Moodys, it is presently Southeast Asia's second-lar...
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OMM 618
OCBC Bank Case Study
The University of Arizona Global Campus
OMM 618: Human Resources Management
OCBC Bank Case Study
OCBC Bank is Singapore's oldest bank, having merged three local banks in 1932. With
an Aa1 rating from Moodys, it is presently Southeast Asia's second-largest financial services
group by assets and one of the world's most highly-rated banks. According to Bloomberg
Markets, it is also the world's largest bank (Chhanwal, 2015). OCBC Bank and its subsidiaries
provide services ranging from consumer, corporate, investment, private, and transaction banking
to treasury, insurance, asset management, and stockbroking. This paper will be analyzing OCBC
Bank's operations and its human resource management.
OCBC's Unique Approach to Talent Management and Development
When it comes to talent management and development, OCBC Bank takes a different
approach. The bank's success is based on sound business practices and aggressive talent
management and development. OCBC Bank was designated the world's most substantial bank
(Chhanwal, 2015). OCBC Bank takes training and development very seriously, and its 'Career
Best' programme, 'OCBC Learning-3' programme, OCBC Learning Academy, eLearning, and
Internal Job-Application Programme enable workers to take control of their careers.
Unlike other organizations, OCBC has developed a learning and development section to
take a distinct approach to employee training. Employees understand their job and are also
educated on business goals that will aid them in developing future professions and aspirations
outside of the organization. Management believes that learning is a never-ending process that can
constantly be improved on and become better. "The best organizations thrive because of the
strength of their people. We pull together the best minds from industry and academic partners,
, and provide the best learning opportunities for our people" (Learning and Development: OCBC
Careers, n.d., para.1).
OCBC's Approach to Talent Management and Development to Other Organizations
For their first three years on the job, OCBC built a training and development program that
tracks employees' progress. Employees can improve their skills through on-the-job training, in-
house training programs, courses, and other management development activities. Compared to
other firms, OCBC's approach to talent management and development differs from my previous
job, United States Army Government (USAG) Stuttgart Housing Inspector. The USAG Stuttgart
Housing Inspector offers its employees classes targeting specific areas and provides on-the-job
training and in-house training. However, beyond that, there is nothing more for the inspectors to
develop to go beyond. There were no management development courses or certifications and
licenses needed unless they sought it outside the company. Employees were not valued as
housing inspectors compared to OCBC employees.
Employees at the OCBC have the opportunity to grow and explore new career
alternatives, which keeps them from becoming stagnant and losing interest in their future
activities. Employees at the USAG Stuttgart Housing Inspector were not given the opportunity to
advance and explore other career paths. If an inspector were not up to par, they would do
anything to have that inspector quit and immediately have another individual in their position.
OCBC's Approach to Talent Management and Employee Development been a
Primary Contributing Factor to the Firm's Success
Training and development consist of four components: onboarding, training, education,
and development. Individual and group performance in the workplace are the goals of these
activities (Youssef-Morgan & Stark, 2020). For various reasons, OCBC is known as the
"strongest bank in the world," and talent management and staff development are at the heart of
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