Managing Human Resources

Abstract

As financial markets become more competitive and as interest and noninterest expenses rise, the effective use of human resources becomes increasingly important. In banking, where human resource costs are usually exceeded only by interest expense, optimum human resource use is necessary if profits or cash flows from operations are to be maximized. Therefore, banks in competitive markets will have to identify and implement measures that will enable their staff, to exploit their full potential and enthusiasm as a team and as individuals. These measures may be specified in the bank’s overall human resource plan.