Question

summarize TD bank ways to measure the effectiveness of human resource management

Answer 1

WAYS OF TD BANK TO MEASURE THE EFFECTIVENESS OF HUMAN RESOURCE MANAGEMENT

TD Bank has scored cent percent for the 5th year in a row on the latest Disability Equality Index , a national benchmark which ranks the organisations based on their practices related to disability inclusion and workplace equality.

• It attracts and retains a wide variety of talent which helps to carry out the work effectively and also to meet its customers' needs and expectations in this era of fast changing banking environment.

• They appoint different employees which can fulfill different needs. Its workforce is represented by every generation. More than half of the workforce is comprised of Gen Z and millennials. Different generation will have different needs and will have different importance in the working of the organization. When it comes to upskilling the employees TD Bank ensures that it caters to every generation.

• It has devote serious resources in order to ensure the wide spectrum of people it employs feel that they are valued and respected and have proper training and tools to work together harmoniously.

• There is a need to upskill continuously because the needs of the customers keeps changing. There is a tech transformation which is taking place in the banking and majority of customers expect digital experience. TD Bank has launched banking app and ensures that the employees know how to use it so that they can guide their customers.

• It focus on upgrading the general skills that all the employees need, including digital knowledge. It has skills training which is focused on advanced analytics and on digital marketing.

• TD Bank invests lot in leadership training in order to ensure that it is minimizing or reducing the risk of unintentional bias.