Title: Human resources division transformation in the banking sector: the implementation of the 'three legged stool'
Authors: Ioannis Theotokas; Nicholas Kapantais
Addresses: Research in Shipping and Port Management Laboratory (ReSHIP), Department of Shipping, Trade and Transport, University of the Aegean, 2a Korai Str. 82100, Chios, Greece ' National Bank of Greece, Group HR Division, 2nd Floor Office 103, 10559 Athens, Greece
Abstract: The management of people has not always been considered an important aspect of an organisation's success. Lately, companies have realised that the only asset that cannot be imitated is the employees. Consequently HR is expected to contribute, more now than ever before, towards achieving a sustainable competitive advantage. To that end, more and more companies have adopted Ulrich's model or 'the three legged stool', as the latter has been named after the use of three main pillars that depict the roles of the model. This study analyses the successful adoption of the model by a Romanian bank. It describes the process and highlights possible best practices by providing a process-map and encapsulating some thorny issues raised during the process of change.
Keywords: human resource management; HRM; three legged stool; HR transformation process; HR change process; HR business partner model; Ulrich's model results; Romanian banking sector.
International Journal of Decision Sciences, Risk and Management, 2017 Vol.7 No.1/2, pp.88 - 104
Received: 24 Mar 2015
Accepted: 01 Oct 2015
Published online: 27 Apr 2017 *