Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask HR Management Expert

Christine was not pleased with her current assignment as a relief branch manager at Commerce Trust Bank, but it was a means to an end. Employed by the bank for almost two years as a branch management trainee, Christine wanted to escape the training program and become a full branch manager. She had earned strong praise from his superiors throughout the training program and Christine hoped to successfully complete this last training assignment. As a relief (or temporary) manger, she assumed all management functions in the branch when the regular manager was absent for a day. As a temporary branch manager, Chris was required to make immediate decisions on various banking matters, despite not personally knowing the employees or customers. One recent branch assignment was very difficult. The branch had recently opened and the tellers were generally inexperienced. At the end of the day, all tellers are required to reconcile and review their transactions for compliance and accuracy. A novice teller (Carol) was $900.00 short. Since Carol was on probation as a new teller, any significant error would result in her dismissal. This was a very significant error. Carol was extremely upset when she reported the error to Christine. They audited Carol’s transactions and discovered that, when a regular customer cashed a check for $100.00, Carol entered the transaction for $1,000.00 and gave the customer $1,000.00 instead of $100.00, resulting in the $900.00 shortage. It was a relief to discover the error. Christine called the customer to explain the problem, assuming that the regular customer did not realize what happened and would return the extra money. Unfortunately, the customer stated that she only received $100.00. The normal procedure is to report the error to the bank audit department. This most likely would result in Carol’s dismissal. However, Christine believed the customer was lying. Since the customer maintained other accounts at the bank, Christine could unilaterally withdraw the money to correct the error. Alternatively, they could return the money using other funds and money provided by Christine or Carol. This would violate bank procedures, but avoid dismissal of Carol. What should Carol do? Should she, by any means necessary, seek to secure her job position? Or, correspond with the banks policy and procedures? Please provide your opinion.

HR Management, Management Studies

  • Category:- HR Management
  • Reference No.:- M92592625

Have any Question?


Related Questions in HR Management

Question forum assignmentafter reading this weeks material

Question: Forum assignment After reading this week's material answer ONE (1) of the following questions in this forum: 1 - After reading about primary and support activities in a firm's value chain, discuss how managers ...

In december 2016 arshad ali joined imperial computers ltd

In December 2016, Arshad Ali joined Imperial Computers Ltd. (ICL) as a Senior Programmer, with a handsome pay. Prior to this job, he worked successfully as an assistant programmer in Gem Computers (Gem). Arshad felt that ...

The types of performance metrics make a big difference in

The types of performance metrics make a big difference in the behaviors of employees and managers. For example, reflect on the Mattel toy recalls from a few years ago and the more recent Toyota recalls. Identify why firm ...

Human resource and development questionthe promotion and

Human Resource and development question. "The promotion and development of a learning culture in organizations may contribute to both individual and strategic organizational performance. Analyse this statement in the con ...

Assignment 1 employment laws policies and processesimagine

Assignment 1: Employment Laws, Policies, and Processes Imagine that you are the Director of the HR Department at your current organization or an organization with which you are familiar. You are responsible for delegatin ...

1 organizational culture amp organizational structure and

1. Organizational Culture & Organizational Structure and Design ( Fundamental of managements text book) 1. Application of the strengths and limitations of a strong organizational culture 2. Application of the requirement ...

Question read the primary care scenario located in the

Question: Read the Primary Care scenario, located in the Allied Health Community. Be sure to review the Instructions and Legend information. In a total of 500-750 words, respond to the questions located in the Hospital C ...

Question read the following case in the ebook fords global

Question: Read the following case in the ebook : Fords Global Platform Strategy Answer the following questions: 1. What strategy was Ford pursuing for competing internationally, (prior to Alan Mulally's arrival). 2. What ...

Question critically analyse and discuss how the concepts of

Question: Critically analyse and discuss how the concepts of "Job Design, Goal Setting and Flexible Work Arrangements" will affect the organisation's transition to becoming or remaining an environmentally sustainable bus ...

Question recruiting and selecting human resourcesbulluse

Question: Recruiting and Selecting Human Resources • Use the Internet to research a company that you would like to work for, with a focus on its recruiting efforts. Make two (2) recommendations for how the company you re ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As