Topic: what are the requirements to open a branch of
HSBC internation in UAE.
1. HR policy in UAE for the HSBC branch in UAE (200 words)
2. Compensation policy in UAE law for HSBC branch in UAE (200
words)
please do it
Answer:
The requirements to open a branch of HSBC international in UAE are that it should have adequate resources and the HR policy suitable to the resources and the payment system or compensation system for the people in the HBC banking system. The other key requirements will be that it should have the government approval and building on lease and people recruitment for the bank business. It should be capable in meeting the consumer banking requirements in the region. The HR policy in UAE for HSBC branch in UAE should be such that it meets the HR legal law and regulations for the UAE nation. The HR policies should be meet the market requirements and standard for the UAE market and it should provide the key benefits that are common on the UAE market and these are well supported by the legal regulations in the UAE. The UAE ha stringent requirements for the human resources, hence the HR policies should consider all the key HR requirements as per the UAE market and these should be included and covered in the HR policy for the HSBC bank branch in UAE
The compensation policy is the key policy for the employees of the HSBC bank in the UAE. The motivation of the employee will be driven with the compensation policy of the HBC bank in UAE branch. The HBC bank should have the compensation policy such that the compensation policy is the competitive in the market and it creates the influencive impact on the employees and it drives the employee engagement and better motivation so that employees can perform better and deliver superior results for the organization. The compensation policy in the UAE must require meeting the legal regulations for the people and it should cover the entire key legal requirement in the compensation of the individual. The compensation should be made such that it meets all the legal requirements, and then it needs to meet all the market driven parameters. Finally the compensation policy needs to be motivating all the employees and the compensation policy should be competitive in the market and it should drive the business significantly. This is the policy which will create high motivation among the employee and they will be willing to have better compensation policy so that employee interest is captured and covered.
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