Human Resource Strategies and Difficulties at UK Based Financial Services Organization Alliance & Leicester Business Plan by Nicky

A simple business plan on how a human resources department may recruit and train its staff members.
# 150259 | 2,122 words | 7 sources | APA | 2012 | US
Published on Jan 30, 2012 in Business (Human Resources)


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Description:

This essay is on human resource strategies a company may use to recruit, train and motivate its staff members within a company setting. Though the paper supplies a specific company, UK Based Financial Services Organization Alliance & Leicester, it can easily be replaced in order that the same ideas may apply elsewhere. The paper itself is broken up into different sections, so that one may focus on a specific area, such as training and rewarding. In each section, the writer develops and explains various theoretical models that are in place but may also be used elsewhere.

Outline:
Recruiting, Training, Motivating and Rewarding at Alliance & Leicester
Recruiting
Training
Motivating
Rewarding
Strategic Fit with Rewarding Systems
Human Resources Management Discussion
Cost Implications of HRM Policies and their Impact on the Organizational Stakeholders
Recruiting
Training
Motivating
Rewarding
Recommendations and Rationale on Motivational and Reward Systems
Budget and Evaluation Methods
Appendix - Background Information on Alliance & Leicester

From the Paper:

"Since the rewarding system at Alliance and Leicester is not generally transparent, it is rather challenging to asses its correspondence to the strategic course of action implemented by the financial organization. Yet, it can be concluded that the managerial team recognizes the diverse challenges and responsibilities associated with each and every position, and has as such developed a reward system that integrates the chores of the position and remunerates in accordance with these tasks. For instance, while the tasks and responsibilities of the product manager are crucial for overall business success, the reward system proves that they are less important in comparison to those of the marketing communications manager.
"This conclusion translates into the fact that the executives at Alliance and Leicester place an increased emphasis on the organizational orientation towards attracting and satisfying customers, and that in this endeavor, greater focus is being placed on constant communications with the representatives of the market, rather than the development of new products. Overall then, it can be concluded that the fit between strategic direction and reward system is fairly strong in the meaning that the reward system reveals the company's strategic goals and strategic courses of action implemented in the direction of achieving the pre-established goals."

Sample of Sources Used:

  • Kanawaty, G., 1992, Introduction to Work Study, 4th Edition, International Labor Organization, ISBN 9221071081
  • 2004, Alliance & Leicester Selects QA for Management Training Service, Training Press Release, http://www.trainingpressreleases.com/newsstory.asp?NewsID=945 last accessed on September 7, 2009
  • 2009, Alliance & Leicester Salaries in United Kingdom, Glass Door, http://www.glassdoor.com/Salary/Alliance-and-Leicester-Salaries-E7754.htm last accessed on September 8, 2009
  • 2009, Leicester Recruitment/ HR Jobs, Gumtree, http://leicester.gumtree.com/leicester/54/44436054.html last accessed on September 7, 2009
  • 2009, Official Website of the Alliance & Leicester Group, http://www.alliance-leicester-group.co.uk last accessed on September 7, 2009

Cite this Business Plan:

APA Format

Human Resource Strategies and Difficulties at UK Based Financial Services Organization Alliance & Leicester (2012, January 30) Retrieved May 09, 2021, from https://www.academon.com/business-plan/human-resource-strategies-and-difficulties-at-uk-based-financial-services-organization-alliance-leicester-150259/

MLA Format

"Human Resource Strategies and Difficulties at UK Based Financial Services Organization Alliance & Leicester" 30 January 2012. Web. 09 May. 2021. <https://www.academon.com/business-plan/human-resource-strategies-and-difficulties-at-uk-based-financial-services-organization-alliance-leicester-150259/>

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