Describe OCBC’s unique approach to talent management and development

In a three- to five-page paper (not including the title and references pages), address the following:

1. Describe OCBC’s unique approach to talent management and development.
2. Compare OCBC’s approach to talent management and development to other organizations you are familiar with (e.g., current or past employers, a family business).
3. Explain how OCBC’s approach to talent management and employee development been a primary contributing factor to the firm’s success.
4. Evaluate the extent to which OCBC’s approach to talent management and development fits other organizations or industries, including some limitations if applied elsewhere without modification.

Conduct some additional internet research on OCBC, and examine how OCBC has performed recently—what has it done more of, less of, or differently from in the area of human resource management. Use this information to support your paper in addition to cited sources from the textbook; you must also use at least two scholarly sources.

Recently named the world’s strongest bank for the second straight year, OCBC Bank leads the way not only through its disciplined approach towards credit and risk management but also its active talent development initiatives. Eric Ong, Head of Emerging Business, Global Enterprise Banking, OCBC Bank, shares how the bank’s leaders make the personal effort to groom their talent

With a history of more than 80 years in Singapore, OCBC is a bank centred on people. The Bank has come a long way from its first days of helping rice merchants continue to trade times of war. This is evident in its sterling performance in recent years. In May this year, Bloomberg Markets magazine announced OCBC as the world’s strongest bank. Also, one in two businesses currently operating in Singapore has an account with the Bank.

The success of the bank is built on the back of sound business policies and active talent management and development.

For instance, within the first three days of a company being incorporated, OCBC will contact them about opening a corporate account with the bank. “The Bank practises the same proactivity when it comes to managing and developing its people,” says Eric Ong, Head of Emerging Business, Global Enterprise Banking, OCBC Bank.