Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
What approach to management of human ‘resource’ is adopted in financial institutions?
What are the advantages and disadvantages of the approach adopted?
Expert Solution
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Step 1: HR Management in Finance
Financial institutions play a crucial role in the global economy, and the successful administration of their human resources is crucial to their success. The approach to administering human resources in financial institutions can vary, but typically combines conventional HR practices with industry-specific strategies.
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