Me Hehe Essay
In January of 2010 Envision Financial and Valley First Credit Union merged to become First West Credit Union. The parent credit union now has Envision Financial, Valley First Credit Union, Enderby Credit Union and Island Savings. All the acquired institutions still operate as their own entity but under the parent company First West Credit Union. First West …show more content…
They are continuing with the advisory based approach to business and have begun reinventing their commercial insurance division and growing their small business division by increasing their capacity to help business owners grow their business.
The current organization strategy for First West is the strategy that Envision Financial has adopted. This strategy will have a huge effect on the current human resource strategy as their aggressive expansion plan involves many skilled positions. Their ability to reach their goals require the hiring, development and training of highly skilled employees with back grounds in wealth management, insurance underwriting, financial advising and knowledge of how small businesses operate.
As with all companies who plan on continued success in the future, Envision Financial must take a strategic approach to replacement planning and implement a succession management program. Envision takes a competency based approach to succession management by identify individuals in the organization who have desired behaviours and with the correct training and development can