Strategic HRM at the World Bank
Importance of strategic HRM for the organizations’ successful performance can be represented with the example of the World Bank. The World Bank is one of the leading international organizations of the world. In order to successfully access development problems of the world, it devotes very much attention to recruitment and selection of personnel. World Bank applies strategic approach to human resources recruitment and selection. It regards human resources is its most important assets and manages them efficiently.
Human resource managers of the organization do not regard the employees of the Bank as personnel but as human resources, which require adequate selection and management for the organization to be successful. Human resource managers of the organization believe that only strategic approach can help World Bank to be efficient in all of its activities. Every single employee in the organization is selected in such a way that he becomes a cell of the World Bank’s organism. Each separate employee enables the organization function the most efficiently.
The task of the recruiter thus becomes the selection of employees who could make the largest contribution to strategic goals of the organization and who can be the best members of the Bank’s team. Globalization and diversity are
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One of the crucial tasks of World Bank’s personnel managers is selection of the best candidates for the position out of a large number of applicants. World Bank is one of the most attractive employers in the international market, and thus human resource managers receive thousands of qualified applications for most of the positions. There are quite limited professional job openings, and the Bank therefore has launched a few competitive programs for young professionals who would like to connect their future with the Bank. These programs include Young Professionals Program, Junior Professional Associates Program, and some others.
As the result of each program, forty to fifty young specialists are selected annually and offered jobs. Besides these programs, competent specialists are encouraged to apply for professional job opportunities at the Bank. In order to select the best candidates, personnel officers at first review all of the received resumes and choose those which represent the best fit for the position. Later managers of departments conduct a large number of interviews with potential employees. It appears to be a very challenging task to make the final choice about the job offer, because there are many talented applicants.
The Bank also offers consulting opportunities for professionals who have broad experience in various fields (such as finance, nutrition, waste management, energy, mining, and many others). Both college graduates with advanced degrees and senior level professionals from other organizations are able to occupy consultant positions. In my opinion, World Bank’s HRM policy is very efficient, but it could be improved in some ways. First, some nations are over-represented in the organization, while others are under-represented, and this needs to be changed.
The Bank offers additional job opportunities for professionals from donor countries, but people who work in other countries often have much more difficulties with obtaining a job. For example, young professionals from donor countries are able to apply for Junior Professional Officers program, while others do not have such an opportunity. In the globalized world, it is very important for all of the nations to have equal opportunities. The Bank might need to launch a few new recruitment programs for those nations which are under-represented in the organization.
Second, the Bank has a very inefficient policy regarding administrative and support staff. In most cases, those people who started working at the Bank at administrative level never get promoted to professional level, no matter how many degrees they obtain afterwards. Personnel office of the Bank needs to change this policy, because some people joint the Bank when they are very young, and do not have enough education yet. However, they might want to continue studying in future, and they need to be promoted to professional level according to their education and experience. Conclusion
In the recent years, organizations have discovered that those principles and approaches to management which they used to apply in the past, do not work any longer. Even though recruiters of many companies used to hire employees only according to their qualifications, they currently discover that such employees do not always let the company achieve its strategic goals. Strategic approach to human resources management is one of the most important approaches applied by many successful companies. By applying this approach, companies seek to fine-tune their recruitment policies with the mission of the company and its goals.
Those companies which do not manage their human resources efficiently are destined to suffer from losses. It is very important to ensure that all of the companies apply “strategic HRM” label when they develop their policy of managing their employees. Most specialists agree that companies need to be regarded as a living organism which functions efficiently only when all of parts are functioning efficiently, or as a mosaic which will fall apart if a wrong piece is added to it. Recruiters need to be very careful when hiring employees for the company because they create its firm base.
Companies functioning in sectors with insufficient supply of human resources should take advantage of strategic approach to recruitment and selection because it will enable them to attract the most highly-qualified candidates. It is necessary to mark that large organizations, like World Bank, need to ensure that their personnel policy is constantly updated according to the demands of the market. It is not easy to make a large organization efficient, and correct selection of personnel plays a vital role in that.
Current recruitment policy of World Bank is relatively efficient, but some changes need to be made in it in the nearest future for the bank to perform at a high level.
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