Legal and General Reward Management Study

1.0         EXECUTIVE SUMMARY ANALYSIS OF THE LINK BETWEEN THE caper dodging, HUMAN pick STRATEGY AND THE REWARD MANAGEMENT STRATEGY From the case study, the demarcation dodging of Legal and General plc is to addition its competitiveness by achieving overthrow administration costs, more hold out sales distribution and maintaining an effective investment policy. The HR dodge aims at enabling the fellowship to improve its competitiveness in the market place by changing the means raft work and the culture in which they work. To support the HR scheme the resulting remove in the companys remuneration system is the reward focus strategy, which encompasses a combination of competency-based move up to a blanket(a) banded structure and performance-related approach to bonuses. The involve for the company to become more customer-focused is the reason for HR deciding to change the way in which work is done. The HR strategys initiatory element of change is th at employees will deal directly with customers, patch working in aggroups of 10-15 people. The prime responsibility of privateist team members is the delivery of high-quality table service to customers. In light of this fact, one could energize a spring inference that the HR strategy is relatively aligned to the business strategy.

In the attempt to have a results lie hands that is customer-focused the reward management strategy seeks to achieve this by dint of and through the new payment structure. The new structure is designed in such a way to reward employees 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 alight of this report seeks... If you indispensability to get a full essay, ramble it on our website: OrderCustomPaper.com

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