With the help of conclusions described in the last chapter, recommendations are developed and designed to present personal and independent point of view for the betterment and development of the organization. Recommendations are integral part of report and become imperative for internship report. Findings and Recommendations for MCB are as follows which will help the reader to understand all the aspects of the bank.
1. MCB should establish effective training and development process for its employees. Regular Training programs should be organized for new and existing employees in order to keep them trained and up dated so that they can meet the demanding requirements of frequently changing environment.
2. Communication between departments, branches
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The effective control of cost of funds and operating and administrative expenses has resulted in continuously growing trend in profit margin. Both the slightly increasing in total assets turnover trend and highly growing trend in profit margin trend has resulted in continuously improving ROA (Return on Assets). The broadening of equity base and high retention ratio has resulted in growing trend in owner equity. The bank average collection period has dropped which shows the efficiency of the bank.
All this remark less performance of MCB has earned it many awards like “The Best Bank of Pakistan” award consecutively for two years; 2008 and 2009. The award was given by “Euro Money” a leading international publication.
However, there are some weak areas, which require proper attention. First is the continuous increase in absolute amount of operating expenses. Secondly, another component of income statement, which requires proper consideration, is the expenses of bad debts and provisions for nonperforming loans (NPL). Because of creation of no fresh provision for no-performing loans and diminution in the value of investment thought the directly written off bad debt expenses is the highest in this
Training and Development is imperative to the organization’s progress. Training helps addressing employee weaknesses and builds a reliable and skilled workforce. This will improve the employees’ performance and boost their self confidence, and innovation. By acquiring the needed knowledge and skills, employees can perform more efficiently and increase the overall productivity of the organization.
The bank is different from all other banks and is known as one of the best company to work with because of its youth-oriented policy. It is a market-savvy private sector bank with a youthful image: the average age of its 37,901 employees
Training must be addressed in such a way that it covers the employees’ performance-development needs and is in accordance with their job descriptions.
Creating a strong and robust training program for the employees is essential to the success of the company. Training must be available for all employees through various delivery methods in order to meet the different learning styles and employee availability. In-person training will be provided with a certified facilitator along with a human resource representative. Materials will be provided in the form of training booklet available in print and electronic format. On-demand videos will be made available through the company portal. All training materials must be a part of new-employee orientation. Print media and on-demand videos must be maintained and updated in order to provide a refresher course to current employees.
* Employee training is very important. It will improve skills, improve motivation and generate individual leaders and contributors to the project. Communications should flow effortlessly from amongst peers and other departments or division. This can also be improved through regular meetings updates or lunch and learn activities and make it fun for everyone.
The purpose of this report is to analyze the financial operations and financial conditions of BB&T Bank by evaluating financial, economic and market information available for the period from 2000 to 2008. This paper attempts to address key strengths and
The company should make the arrangement of training for the new employee in order to make them work effectively in an accurate way and in systematic manner. The
The growth of the bank’s revenue for its shareholders, is also as a result of the respect the bank has on delivering quality services, respecting the views of everyone involved in their business, having a leadership system that is easily approachable, being
Implementing new training programs will ensure that the personnel hired by the company are competent enough and that they can
It is important that training is provided in areas of management, business products, and business processes among others. The training is essential in ensuring that I have knowledge about the skills and competencies that my employees should possess. This will guide me during the recruitment process to hire employees that have the required skills to enhance the quality of services provided. I will also be able to acquire knowledge on how to motivate and retain the employees and the leadership skills to use. In addition, the training is necessary since it provides knowledge in business methods that and requirements. Furthermore, training is necessary so as to get information on the possible problems that are likely to affect my business. This will help in putting in strategies to mitigate the risks. It is also essential to have training programs so that I can acquire financial management knowledge on working capital management so as to increase profits. Lastly, training will provide marketing skills on how to attract new customers and retain existing customers.
With proper training, employees can gain an adequate knowledge concerning their field and attain more skills which will be beneficial not only for them but also for the success
Educate. Every employee of every organization goes through a training period. Managers must be educated about the benefits of having a diverse employee pool and the processes necessary to maintain the group. Management must be given the coaching, mentoring and skills they need and without the proper training, firms risk losing their best talent to the competition (Gunn,
The company’s managers need to take part in an extensive training process. The training should include how to establish and communicate clear, realistic
Employee training programs are important in a business' success. Without an effective training program implemented the business could suffer from confused employees, ill direction and incompetence. The new employee can only excel further when taken through a properly planned training program.
According administration report 2010, the profit after tax of Habib Bank increased Rs.3.602 billion for the quarter ended March 31, 2010 compared to Rs 3,481 won for the corresponding quarter in 2009.Banks mark / return / interest income increased by Rs 19156000000 against Rs 18.237 billion while revenues not increase the interest in Rs.2.653 billion against Rs 1.949 billion. Banks majorent expenses