Compensation and Benefits of banks at Canada Research Paper

Compensation and Benefits of banks at Canada - Research Paper Example Scotia Bank follows a systematic recruitment program to get the best workers within the Canadian job market. The HR policies and procedures are followed strictly when procuring candidates for positions within the bank. A job evaluation exercise is initially carried out by the HR department for any vacant post that arises, which is subsequently followed by an advertisement process. The bank believes in grooming its employees to take up positions in the bank as they arise (Carmona, 2009). Therefore, it means that a suitable candidate will first be sourced from within the bank and its subsidiaries. Upon issuing an internal advertisement within the bank, internal staff members are allowed to apply, subject to a rigorous interview process aimed at finding a suitable candidate. Therefore, for staff members already with the bank, there are added chances for securing positions in better departments, if qualifications warrant so. Failure to find a prospective candidate within a stipulated per iod prompts the HR department to advertise externally, with local media and other public media outlets (Scotiabank, 2015). The process is carried out just like any other recruitment process.HSBC Canada is a subsidiary of the larger HSBC Bank Plc., which is one of the biggest banks in the world regarding assets and market capitalization. Therefore, HSBC Canada compensation and benefits system is a replica of the bigger bank headquartered in London. The methodology applied by the bank in rewarding its employees.

Effective Leadership and Management in Nursing Essay - 1

Effective Leadership and Management in Nursing - Essay Example The proverb says: â€Å"A leader knows the way and a leader shows the way.† This describes what a leader should be. The methods of leadership differ as we come across different disciplines, but the ideals of leadership are similar everywhere. My personal view on leadership is that the leader should know the visions and goals of the group he or she is leading and know how to accomplish this goal utilizing the resources available. In my opinion, a leader is also a manager, as he has to manage his resources properly. A group without a charismatic leader is like a building without a strong foundation. It can collapse anytime. As mentioned above, there are several aspects of management in leadership. But management is only a part of leadership, and leadership has many other constituents in it. In a document by Thomas International Ltd (2008), it is written that leaders manage long-term goals and they are entitled to inspire their group. The leaders decide the targets and time-frames for the group. They must impart clearly what output is expected from their group and the methods and ideals that must be followed by the group members. Managers are to handle matters rather diplomatically, and they are assigned to manage the processes in producing the output that the leader has indicated. Their job is rather appointive or directive. Skills in concept making, public relations, and technology are expected from them. For example, in a company, its CEO is the leader and its HR manager is a person who manages processes in building the output set by the CEO. As for nursing, we have nursing stations in every hospital , and a nursing administrator will be present as a leader of other nursing personnel in order to provide sophisticated nursing services to the patients. A note from the Ethiopia Public Health Training Initiative by the Addis Ababa University defines leadership in nursing as follows: