Challenge
The organization that I would like to work for is the Westpac working corporation one of the ‘’big four’’ banks in Australia. Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It serves individuals; micro, small, and medium enterprises; and commercial, corporate, institutional, and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. The company was founded in 1817 and is headquartered in Sydney. Westpac has 13.1 million customers, and is Australia’s largest branch network, with 1429 branches and a network of 3850 ATMs. The bank is Australia’s second-largest bank by assets. It is also the second-largest bank in New Zealand. With a strategic focus on Australia, New Zealand and the near Pacific, the Westpac Group provides a broad range of banking and financial services – including retail, business and institutional banking. We also have offices in key financial centre around the world including London, New York, Hong Kong and Singapore.
The organization is known as a healthy and concerned employer with over 10,000 employees. They have been forerunners in the corporate social responsibility; in 2002 Westpac released a social impact report that outlined the bank’s plan to meet international standards in the area of corporate social responsibility. This led to Westpac’s assessment as the global sustainability leader for the banking sector in the Dow Jones Sustainability Index from 2004 to 2007.
The factors that concern me are the health and sustainability of the often shady baking industry and surprisingly Westpac had a very healthy year profit wise and profitliability of its other invest portfolios increased and overall the banking industry experienced a nearly 3 percent growth last year. As a prospective addition to the job market in the future these facts motivate me. Westpac banking corporation had a fill setup for employees from trainees to gradual employment. Westpac also had devised a long term sustainability plan for the period of 2018 to 2020 which also signals to its market diversity that it has created with its advance and a long healthy investment portfolio. The social demographic has also changed in the last few years with certain social changes and change in the idealism by which people work and in a way add to the community and in that aspect Westpac has its covered and schemes and employee action groups are in place already.
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