Study On The Development And Use Of Reserve Youth Talents In China's Commercial Banks

The globalization of economy accelerated international capital flows and the rise of financialinnovation wave. The competition between the commercial banks to seek their new developmentspace is becoming more and more intense. Especially since December2006, the time when Chinamade a commitment to open domestic banking market comprehensively, foreign financialinstitutions have expanded their scales in China rapidly. Now,5large state-owned commercialbanks,12shareholding commercial banks,147city commercial banks and their branches, arecompeting with360foreign capital banks for the cake of banking market in China. How to attract,keep, use, and develop talent persons, and improve their efficiency, is an actual challenge whichcommercial banks encountered in the the fierce market competition process. As large quantities ofemployees which belong to the generation after80s even90s, entered the workplace of commercialbanks, commercial banks must change their idea, innovate their service, and strengthen theirtraining for young talents so as to suit the needs of in-depth development. This is the only wayleading to improve the core competence of China's banking.In this paper, the concept and important significance of human resources management ofcommercial banks were discussed preliminary, the general features and classification of youth talentwere anlysized, and the concept and boundary of reserve youth talent were defined. This paperpointed out the lack of reserve youth talent in China's commercial banks, and identified the existingproblems of the development and use of reserve youth talent. The main dominant factors inrestricting the development and use of reserve youth talent are：the structural contradictions oftalents, irrational talent selection mechanism, imperfect incentive mechanism, unscientificperformance evaluation mechanism, incomplete education and training system, indifference ofenterprise culture and so on. By reference of the management experiences of domestic and foreignadvanced commercial banks, which include management standards, education and training,performance appraisal, and incentive mechanism, this paper emphasized that the strategic planningand management of reserve youth talents of commercial banks was significant necessary. At last, awhole system of strategic mamagment, which include fair and equitable talent selection mechanism,effective incentive mechanism, scientific and reasonable performance evaluation mechanism,systematic talent training, useful help of staff career planning, characteristic enterprise culture, wasdesigned, which need to be carried out mmediately.That would be very important to improve thecore competence of China's commercial banks.