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BANK OF AMERICA A LEADER
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Excerpt from Research Paper:
BANK OF AMERICA A LEADER IN THE BANKING INDUSTRY
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Career development at Bank of America is fostered through an internal system that allows employees to find opportunities anywhere within the company. The company adheres to an employment opportunity and affirmative action statement as well. The company has been recognized as one of the best companies for Hispanics, working mothers, for diversity in general and for supplier diversity (CareerBuilder.com, no date). The Bank has a hierarchical structure so that career development is a progressive process that takes place over an entire lifetime. The bank is active with on-campus recruiting of new talent and maintains offices at many universities
The Bank uses a wide range of motivational tools. At its merchant banking/investing arms, bonuses are used as an incentive. For most of its operations, the incentives are basic and largely intrinsic in nature. The company does not offer specific financial incentive to the vast majority of its employees......
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