Recruitment and Selection:

The Bank’s Management Trainee Development Scheme takes place in Karachi, where
they recruit management trainees. Alternatively, candidates can apply to their local
cities. It is the aim of management to recruit young, bright, energetic and
enthusiastic graduates and post graduates.

Whom are recruiting the SCB?

Bright, young, graduate or a postgraduate person, who cannot wait to start his/ her
career in the financial sector.

Consistent academic performer throughout his/her education.

Career-oriented person

Energetic, ambitious, innovative and business-oriented person.

Recruitment Criteria:
Standard Chartered Bank recruits the most talented individuals from the external
market to supplement their internal pipeline of talent. Their Human Resources
department provides guidance on the use of  psychometric tests and has robust
recruitment criteria to ensure that all candidates are treated fairly, equally and with
respect. It has a global Graduate Recruitment Program; where in the region of 150
graduates are recruited each year on a management trainee program across all
businesses, functions and countries.

 Selection:
The selection criteria of Standard Chartered are based on knowledge, skills and
talent. They are committed to providing equality of opportunity to all employees,
regardless of gender, age, race, nationality, ethnic origin, disability, or marital status.
They are committed not only to providing equality of opportunity to all employee,
but also identifying what unique strengths each individual brings to the roles they
carry out and the development of these strengths.

Training & Development:

Training refers to a planned effort by a company to facilitate the learning of job-
related knowledge, skills, or behaviour by employees.
Standard Chartered provides a framework within which the employee can identify
the training and development needs. Such training provides a consistent standard of
management learning throughout Standard Chartered . It also enables the
employees to take all of the programs or study for individual modules according to
their particular development needs.

Development Programs are carried out in the first two years of joining , applicable to
all management trainees, across the Bank. Each business and function would decide
the appropriate development needs for each individual , within this overall
framework.

  7.Performance Appraisal:

Each organization must create and communicate performance measures that reflect
its unique strategy.

Performance management is the process through which managers ensure that

employee activities and outputs are congruent with the organization’s goals. It is
central to gaining competitive advantage.

            A well-executive performance management plan enables an organization to

achieve critical goals such as :

1. Recognize the efforts and contributions of current staff.                               

2. Reward staff with compensation directly linked to performance.

3. Motivate staff to improved performance.

4. Orient staff towards goal achievement.

5. Retain key employees using competitive compensation programs.

6. Attract quality employees with an effective performance management system.

The key elements of a Performance Management System include the following:

A Formal Compensation Philosophy Statement

Salary Administration Program

Job Evaluation System

Performance Appraisal System

Reward Programs