F11-041 - Nguyen Thi Hong Lien.v.1.1.docx

2critically analyse the interrelationship between

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3.2.Critically analyse the interrelationship between various functions within Vietinbank and how they are interconnected to organisational objectives and structure of Vietinbank. 16 4. Purpose of Human Resource Function 17 4.1. Key Roles and Responsibilities of Human Resource Function 17
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4.2.“Best Fit” approach or “Best Practice” 17 4.3.“Hard” and “soft” models of HRM 18 4.4.Work force plan 18 4.5.Branch Organisations Chart 18 5. Critical issues Related to Workforce Planning 19 5.1.Types of Labour Market, Labour Market Trends 19 5.2.The Internal Labour Market. 19 5.3.Analysing Turnover, Stability and Retention. 19 5.4.The Impact of Legal and Regulatory Frameworks 20 5.5.Advances in Technology 20 6. The approach to recruitment and selection, development and training, performance management and reward systems. 20 6.1.Sources of recruitment 20 6.2.Job analysis, job descriptions, personal specifications and compectency 21 6.3.On-Boarding 22 Recommendation 22 Reference 23 Appendix A 26
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Opening a New Branch of Vietinbank in My Dinh Overview of Vietinbank Vietnam Join Stock Commercial Bank For Industry And Trade is the English registered name of the Bank; where the trading name is VietinBank. It was set-up 1988, Vietinbank’s main shareholders include State Bank of Vietnam with 64,46%, Mitsubishi Bank with 20% (Annual Report 2017). According to Annual report 2017, the total assets of Vietinbank are 1.095.061 VND billion, return on assets of the bank are 0,9% (as at 31/12/2017). Vietinbank’s head office is located Hanoi, Vietnam. Vietinbank has 155 local branches and more than 1,000 transaction offices. Head of the bank is General meeting of shareholders folllowed by Board of Directors and Management (Annual Report 2017). This assignment will show the business implication for vietinbank like the business type and purpose, the size and scope, and the interrelationship of functions. Besides, it will consider the Human Resource requirements, such as purpose of Human Resource Management (HRM), critical issues related to workforce planning, and an Assessment of HRM process to open a branch in My Dinh. 1. Business type and purposes of Vietinbank. 1.1. Explain different types and purpose of organisations: Organizations are a group of people who work together, pursue common goals, and achieve objectives. There are three main type of business organisations which are private, public and voluntary sectors. Private sector organisations are owned and run by single individuals. In the private sectors, there are variou legal forms of business as sole trader, partnership and limited companies. Sole trader : According to Wallace and Wallance (2001), sole trader are owned and operated by one individal so owners recieves all profits and takes all the risks of business. Legally, they have decision-making power for all business activities and they have to be responsible for activities of the business. The owner of sole traders have unlimted liability for debt. In the business dealing , if occurring losses, and earning of that business not
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enough to pay the debt, the creditor can require payment by thier assets. The owner of
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