(Mt) – OL 751 Southern New Hshire University Acceptance Strategy Essay

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Please view explanation and answer below.OutlineIn this assignment we discuss the implementation and conclusion of the HR proposal. An everincreasing body of literature shows a positive relationship between human capital efficiencyand the organizational performance of the bank. A study by Mohapara et al. (2019), noted thatit is necessary to invest in human capital to maintain competitive advantage. Another study byNguyen (2018) argues that efficient human resources and skills are necessary to support thedecision-making of banks as it diversifies into new areas of operation such as non-interestincome and non-earning assets’ income activities. Several other studies have demonstrated thepositive relationship between human capital and performance. To survive and maintain acompetitive advantage, banks must create new competencies, skills and train the employeeswith new skills, creating more jobs to create an open and agile system. This would requirereskilling and upskilling of the workforce. Thus, implementing an HR strategy to streamline theactivities of banks to maintain a competitive advantage becomes necessary.[Title Here, up to 12 Words, on One to Two Lines][Author Name(s), First M. Last, Omit Titles and Degrees][Institutional Affiliation(s)]Author Note[Include any grant/funding information and a complete correspondence address.][SHORTENED TITLE UP TO 50 CHARACTERS]2ContentsAcceptance Strategy……………………………………………………………………………………………… 4Talent Development and Workforce Planning ………………………………………………………….. 6Return on Investment ……………………………………………………………………………………………. 7HR Strategy…………………………………………………………………………………………………………. 7Ethics and Legality ………………………………………………………………………………………………. 8Conclusion ………………………………………………………………………………………………………….. 8References …………………………………………………………………………………………………………… 9[SHORTENED TITLE UP TO 50 CHARACTERS]3Today, intangible sources of the organization have gained ever wide importance. The employees,clients, and structural capital form the basis for the platform model of intellectual capitalstructure. As per Hubert Saint Onge’s framework on intellectual capital, the employees (humancapital) play a vital role in improving the structural capital of the organization, which helps buildcustomer capital. For financial institutions like banks, human capital and customers are the mostimportant intangible asset of the competitive strategy. In 2001, a study on the moderating effectsof human capital analyzed the importance of the human factor in maintaining the competitiveadvantage of banks. The study reported that human capital demonstrates a curvilinear effectwhich has a positive effect on performance (Hitt et al., n.d.). With the dynamic nature of theindustry and the advent of technology in the banking sector, the need to include the human factorin the strategy to maintain a competitive advantage is self-evident. The advent of the internet andCOVID-19 has transformed the banking sector, necessitating the need to cover alternativedistribution channels to engage with the customer. Today, advanced technology has facilitatedautomation to perform tasks previously performed by humans. Regulatory compliance hasimproved market competition, paving the way for new systems of payments transforming theentire sector.An ever-increasing body of literature shows a positive relationship between human capitalefficiency and the organizational performance of the bank. A study by Mohapara et al. (2019),noted that it is necessary to invest in human capital to maintain competitive advantage. Anotherstudy by Nguyen (2018) argues that efficient human resources and skills are necessary to supportthe decision-making of banks as it diversifies into new areas of operation such as non-interestincome and non-earning assets’ income activities. Several other studies have demonstrated thepositive relationship between human capital and performance. To survive and maintain a[SHORTENED TITLE UP TO 50 CHARACTERS]4competitive advantage, banks must create new competencies, skills and train the employees withnew skills, creating more jobs to create an open and agile system. This would require reskillingand upskilling of the workforce. Thus, implementing an HR strategy to streamline the activitiesof banks to maintain a competitive advantage becomes necessary.Acceptance StrategyThe onslaught of the covid 19 pandemic disrupted the entire supply chain across industries allaround the globe and the way normal life functions. In such an adverse situation, online activitiesincreased forcing business models to adopt online technologies where e-banking provided valueto society with the introduction of social distancing measures. Banks were projected to providemuch-needed funding in the wake of the pandemic, absorbing the shock (Acharya et al., 2021).Today technology in the form of digitalization has become the biggest driver of change for banksinvolving the use of BigData, AI systems, blockchain networks consolidated with FinTech firms.Digitization has hanged the nature of work in the finance industry and banks with similarimplications of the manufacturing indust…

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