Research methodologies-------the reason of the talent flows from a state owned bank to a private bank - Essay Example The services offered by the bank includes retail banking, corporate banking, foreign currency transaction, consumer credit, Great Wall debit and credit card services, investment banking, fund management and clearing and settlement (Bank of China, n.d.; Bloomberg, 2013a; Bloomberg, 2013b; The Financial Times Ltd., 2013). The other bank which is considered in the study is CMBC. CMBC was established in the year 1996 in Beijing. It is non-state owned enterprise and was founded in strict compliance with the regulations and rules lead down by the commercial banking law and the company law (CMBC, n.d.). The bank conducts commercial banking business by providing loan, deposits, issues financial bonds, discounts, settlements, government bond trading and underwriting, bank guarantee, letter of credit and other financial services (Bloomberg, 2013c; Bloomberg, 2013d). The study is conducted on the employees and the human resource manager of the two organizations in order to gain a clear understanding regarding the selection and the rewards policies and how these are related to the talent flow from the state owned banks to the private owned banks. 4.1 Employees of Bank of China This section briefs about the responses of the employees of Bank of China regarding the study. ... nts came to know about the vacancy from an advertisement given in the newspaper and rest that is 5 percent of the respondents was selected through campus recruitment. On asking the employees of Bank of China regarding how did they apply and when did they get call; they said that after going through the details of the position and the eligibility criteria mentioned in the notice, they need to fill up the application form available on the website of the bank and send it to the human resource department of the bank via e-mail as mentioned in the notice. About 50 percent of the respondents received a call from the bank after three months of sending the application; whereas almost 30 percent and 20 percent of the respondents got a call after 60 and 75 days respectively. When the question regarding how many rounds of interview did the candidate faced was asked the employees of Bank of China, about 100 percent of the respondents replied that they faced only one round of interview. However, they stated that there is one round for lower and lower middle level of recruitment but in case of higher level the number of interview ranges from 2 to 3. The interview is only conducted after the candidates have successfully passed the written examination. When the employees were asked whether they think that the selection procedure that the organization follows is an appropriate way to judge the potential of the candidate, they said that the selection procedures included resume screening, written examination and interview; after the candidate qualifies these steps then background investigation and physical examination are conducted. About 60 percent of the respondents feel that the selection procedure used by the organization in an appropriate way to judge the potential of a candidate.
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