Sg Cowen Hrm Recruitment Issues

Human Resource Management Case SG Cowen: New Recruits Submitted by: Bharat Mehrotra Dhruv Agarwal Gaurav Sengupta Govind Bhotika Govind Kumar Verma enthronement Banking Industry in 2001 In 2001, the of import practice prevailing in the industry was consolidation. Companies went about it via purchasing smaller clientelees, partnering with banks and Mergers & Acquisitions. many preferred stable revenue over higher margins during the grade and targeted the custody blood instead of the lending business. The custody business is mainly about buying and selling securities/shares for the investors and is a low-risk fee-based business with high interaction between seller and customer. At the clock time 50% of revenue was paid as employee salary and and so profits of the caller-out were showing a declining bring down. In the 1990s investments banks were paying large amount of salaries in order to curb talent and make sure employees didnt start their cause businesses in competition with the banks. That strategy was backfiring on the banks as recompense costs became so high, that the company had declining profits. In recent years, the trend has changed; students are looking at large investment banks as career opportunities.

However, this has brought about an separate problem for the banks, they werent reinforced to handle the influx of so many eager and elicit students. SG Cowen Societe Generale is a bank based in France which started operations in 1864, nationalized in 1945, privatized in 1987 and purchased Cowen & Company in 1998 for $600 million. On the other hand Cowen was a bond brokerage firm which started in 1918 and was dedicated to research, equity sales and trading. Once the two companies coalesced and became SG Cowen, the loss turned into operating profit. Currently the company has 1,500 professionals and the main focus of the bankers is health care and technology, highly profitable areas of business. The company started operations in Boston but... If you want to get a full essay, order it on our website: Orderessay

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