TOPIC

CAREER PLANNING

ACKNWLEDGEMENTS

• All the praise to ALMIGHTY ALLAH, the most Merciful and the Creator who has enabled me to write this report.

• I am also thankful to my respected teacher Sir.Imran aashiq whose guidance encouraged me in writing this report.

• Finally, am also much thankful to the Branch Manager of Standard Chartered Bank Mr.Sohail, who provided me all the required info.

EXECUTIVE SUMMARY

•This report has been comprised on STANDARD CHARTERD BANK. This report is an absolute reader’s consideration on the bank.

•In this report, I have discussed how Standard Chartered Bank plays a great role in developing & planning there employees career.

•At the end, after analysis of the career planning in the Bank I have drawn a detailed conclusion & have presented some suggestions for furthur development and improvement for the planning.

INTRODUCTION

• CAREER : Occupational positions a person has had over many years.

• CAREER MANAGEMENT: includes career development and career planning.

1.Career Development : The life long series of activities that contribute to a person’s career for exploration, establishment, success & fulfillment.

1.Career Planning: The deliberate process through which someone becomes aware of personal skills, interests, knowledge, motivation & other characteristics & establishes action plans to attain specific goals.

PLAN YOUR CAREER: •The first step in planning your career or of someone else is to learn as much as possible about your interests & skills.

•One important thing in it is PLANNING CAREER CHOICES & it involves following stages.

•GROWTH STAGE: lasts roughly from birth to age 14. Here a person dreams only about his career.•EXPLORATION STAGE: lasts from age 15-25 during which a person seriously explores various occupational activities.•ESTABLSHMENT STAGE: the age span roughly ages from 25-45 & it’s the heart of most people’s work lives.•MAINTAINENCE STAGE: from age 45-65 during this period the person has typically created a place in the world of work.•DECLINE STAGE: as retirement approaches, after which the person hopefully find alternatives.

A person planning his or her career must identify his or her :

•Career Orientation: it can be realistic, investigative & conventional.

•Career Direction,

•Career Skills,

•Career Anchor.

ORGANIZATION

PRACTICAL STUDY

HISTORY:•Standard Chartered group was formed in 1969 through merger of two banks i.e the standard bank of British South Africa & the chartered bank of India.

•The bank incorporated its operations in Pak in 1863.The bank has a network of 162 branches in Pak.

VOLUME:•The bank has a workforce of over 9000 employees in its Pak operations.•The group earns around 90% of its income & profits in Pak.NATURE OF BUSINESS:•Consumer banking•Wholesale banking.MISSION STATEMENT:“To offer outstanding value to our customers by providing knowledgeable efficient & reliable services in a personal, helpful & responsive manner.”

VALUES: Courageous, Responsive, Creative, and

Trustworthy.

BRAND-PROMISE:Its our new brand-promise. It’s what we’ve been doing for the past 150 years & our aim for the next to be here for the people. Here for the progress & the long run. “Here for Good”

@ “STANDARD CHARTERED BANK”

S.C.B provides a lot of facilities to people to built their career. As HRM has conducted a lot of different programs that helps employees’ employers & managers to move from down to top.

S.C.B role in CAREER PLANNING: for the people working in bank.

• For Employees: some advices are as follows:

1.Never say I DON’T KNOW. Be a good listener.2.Care about your co-workers.3.Be proud as an S.C.B employee.

ADVANTAGES: Basic needs for job are available, Training programs, Promotions, Insurance-Benefits.

• For Employers: advices are:-1.These are basically Middle-Managers & should

communicate mission, policies & procedures to employees.

2.Should provide training & devp.opportunities.3.Should Provide career-oriented performance

feedback.ADVANTAGES:Job postings.Performance appraisals.Succession planning.Training program for managers.

For Managers:1.Managers should participate in career

development discussions with subordinates.2.Should Support development plans.3.Prudential requirements from SBP.

Though the bank continuously evolve & change it plays its part to plan the career of its employees.It value individuals who enjoy the challenges of solving problems & taking the initiative to learn continuously.

DATA COLLECTION METHODS

•I have consulted my respected teacher Sir.Imran Aashiq.

•One of the employee at Standard Chartered Bank, Cantt Branch provided me all the necessary info.

•Also, I have searched on the internet & have visited the website of bank www.standardcharterdbank.com & have collected important information from there.

SWOT ANALYSIS

STRENGTHS:•Competitive rates.•Good & diverse products.•Highly qualified research team.•Strength of Standard Chartered Bank is the being the number one bank in ranking for profitability that shows the worthiness of their employees, employers and managers and enhance their career planning.

WEAKNESSES:•Account access problems of customers.

•Management doesn’t give imp on small businesses.

•Weakness of Standard Chartered Bank is if incase employee becomes unable to satisfy the customers & it will ultimately effect his or her Career.

OPPORTUNITY:•Regarding career planning employees can enhance their performance level towards the organization & can have much more as STANDARD CHARTERED BANK’S productive assets are its People.

THREATS:•Being the leading international bank in Pak, other banks try to have Standard Chartered Bank’s employees in their institutions by offering different career opportunities & other attractive incentives.

CONCLUSIONS• Honesty factor is the main in any sort of career planning.

•Effective career planning help the people to better cope with uncertain environment & to accomplish org. goals.

•The Bank has concentrated on growth through improving service quality, investment in technology & people that has made it best.

RECOMMENDATIONS•Regular employees of Bank can take much advantage oh their jobs in their career, so they should go for it.

•Don’t switch from a General Officer to a Beginner again.

•“Do your best & reward will come to you afterwards.”

•Employees should be enthusiastic 7 must have a winning attitude.

MY CAREER PLAN

Career planning is not an activity that should be done once – in high school or college -- and then left behind as we move forward in our jobs and careers. Rather, career planning is an activity that is best done on a regular basis. And it's never too soon or too late to start your career planning.

My career plan is to open a car showroom. Car showrooms are of great demand. Creating stylish car showroom is now a big business and has great ideas to put into appropriate designs.

SWOT ANALYSIS

In opening my car showroom & to b a Chief-Executive at my org. my STRENGHTH is that im studying MBA & because of it my skills & interests are developing with succession to do such a huge business.

However, to start & open such a huge business my WEAKNESS is that I have to get a large amount of money to begin all operations. I also have to purchase a large plot in any commercial area to construct a showroom for my business.

But in case if I would not be able to open and start a car showroom business of my own still I would have an OPPORTUNITY to get a job as a Manager in any national or a multi-national organization on the basis of my MBA degree & my skills.

Above all the most THREATNING thing to me is that possibly I might not get such a huge amount of money for my business & another Threat is that possibly my family would not permit me do or engage in any kind of business or a job in future courses of my life.