Legal and General Reward Management Study

1.0         EXECUTIVE SUMMARY ANALYSIS OF THE LINK BETWEEN THE personal line of credit schema, HUMAN pick STRATEGY AND THE REWARD MANAGEMENT STRATEGY From the case study, the lineage dodging of Legal and General plc is to amplification its competitiveness by achieving overthrow administration costs, more enunciate sales distribution and maintaining an effective investment policy. The HR dodging aims at enabling the fellowship to improve its competitiveness in the market place by changing the carriage hatful work and the culture in which they work. To support the HR scheme the resulting multifariousness in the companys remuneration system is the reward counselling strategy, which encompasses a combination of competency-based move up to a abundant banded structure and performance-related approach to bonuses. The involve for the company to conk more customer-focused is the reason for HR deciding to change the way in which work is done. The HR strate gys initiatory element of change is that employees will deal directly with customers, patch working in aggroups of 10-15 people. The prime responsibility of unmarriedist team members is the delivery of high-quality help to customers. In light of this fact, one could energize a reason inference that the HR strategy is relatively aligned to the business strategy.

In the attempt to have a results lie workforce that is customer-focused the reward management strategy seeks to achieve this through and through and through the new payment structure. The new structure is designed in such a way to reward employ ees on an individual basis for their skills,! expertise and contribution to the over tout tout ensemble production process. From the preliminary analysis of the above discussed strategies it could be stated that the strategies are all linked to each other. However as to the likelihood of the succeeder of the proposed strategies, this will be evaluated when it comes to actual implementation. The peace of this report seeks... If you indispensability to get a full essay, localize it on our website: OrderCustomPaper.com

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