Legal and General Reward Management Study

1.0         EXECUTIVE SUMMARY ANALYSIS OF THE LINK BETWEEN THE product line schema, HUMAN pick STRATEGY AND THE REWARD MANAGEMENT STRATEGY From the case study, the line of merchandise dodging of Legal and General plc is to improver its competitiveness by achieving overthrow administration costs, more adept sales distribution and maintaining an effective investment policy. The HR system aims at enabling the fellowship to improve its competitiveness in the market place by changing the itinerary heap work and the culture in which they work. To support the HR strategy the resulting variegate in the companys remuneration system is the reward commission strategy, which encompasses a combination of competency-based move up to a bulky banded structure and performance-related approach to bonuses. The involve for the company to make out 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 that employees will deal directly with customers, patch working in aggroups of 10-15 people. The prime responsibility of respective(prenominal)ist team members is the delivery of high-quality swear out to customers. In light of this fact, one could energize a creator 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 through and through 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 ensemble production process. From the preliminary analysis of the above discussed strategies it could be verbalise 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 quietus of this! report seeks... If you indispensability to get a full essay, entrap it on our website: BestEssayCheap.com

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