January 10, 2010
Carol J. Pitman, MAOM, SPHR
Jamie N. Hinson, BS
Advantage Bank’s HRM functions
Advantage Bank is an eight hundred million dollar thrift bank that is popular within its
community and its success has derived from its competitive savings and mortgage lending rates.
Its headquarters located in a small town known as Cambridge, Ohio, also covering various cities
in Ohio including:
Washington Court House, Marietta, Cincinnati, Columbus, Byesville, Dover,
and New Philadelphia.
Advantage Bank also covers various areas of West Virginia and
With this wide span of coverage, it is difficult to fathom that there are only
approximately two hundred and fifty employees servicing this corporation.
importantly, there are only two full time and two part time Human Resource Department
employees servicing the entire organization.
Human Resource Management influences perspectives of the balanced scorecard by focusing all
employee activities to the company’s strategic plan, and by measuring the extent to which the
company is meeting its strategic plan.
Since the balanced scorecard is determined by the work
force of the company’s employees, the Human Resource Department carefully selects its
employees through a careful process, making sure to choose the “best” candidate for the job at
It is also the responsibility of Human Resource Management to provide practices, such as
workshops, to enhance the knowledge and skill of the company’s employees.
With such a
diverse work force in today’s business world, it is important for all employees to be selected for
their proper positions within the organization, (Franklin, 2010).
The functions of Advantage Bank’s Human Resource Management are used in many ways to
support the goals enlisted in the company’s strategic plan.
Some of the company’s goals within
its strategic plan include:
reaching the budget goals in place for the 2010 fiscal year, ridding of
as many bad assets as possible, cleaning up more than half of the Bank’s credit quality issues
(which now totals at approximately sixty million dollars), adding approximately one hundred and
forty million dollars in non-interest bearing depository accounts, etc.
Each of these goals is to be
completed while keeping departmental expenses as low as possible, which includes employees
working extra hard and longer hours due to the fact that almost each and every department is
One major way that the Human Resource Department will help support these goals is by