HR challenges faced by yes bank
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yes due to some political reasons
YES BANK Wins 2 Awards for Innovative Recruitment and HR Practices at the Asia Pacific HRM Congress Feb1-3, 2007
Awards Dedicated for practicing Novel Solutions in Human Capital Management
Mumbai, February 6, 2007: YES BANK, Indias new age private sector Bank, received the Most Innovative Recruiting and Staffing Programme award at the Recruitment & Staffing Best in Class (RASBIC) Awards 2006, and the Organization with Most Innovative HR Practices award at the Global HR Excellence Awards, both part of the Asia Pacific HRM Congress 2007 held from February 1-3, 2007 in Mumbai. These awards were instituted to recognize the pursuit of excellence in Human Capital across the Global Corporate Sector across 60 countries.
The Asia Pacific HRM Congress is a not-for-profit organization with a network of about 900 professionals representing 35 countries across the region.
On this momentous occasion, Mr. Rana Kapoor, Founder / Managing Director and CEO, YES BANK, said, "These awards are a reflection of the pioneering efforts and innovative HR practices pursued to grow and strengthen Human Capital at YES BANK. This recognition validates our core objective of building an entrepreneurial organization by embracing innovation, encouraging constructive challenges and consistently demonstrating high business acumen on sustained achievements."
YES BANK envisages a credible and transparent performance management process that helps aligning individual goals with corporate objectives. The Bank aims to build a culture and environment that supports professional entrepreneurship, and with this objective, YES BANK has institutionalized several key strategic initiatives to innovate its HR strategy: