Legal and General Reward Management Study

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1.0<Tab/>EXECUTIVE SUMMARY ANALYSIS OF THE LINK BETWEEN THE BUSINESS STRATEGY, HUMAN RESOURCE STRATEGY AND THE REWARD MANAGEMENT STRATEGY From the case study, the business strategy of Legal and General plc is "to increase its competitiveness by achieving lower administration costs, more effective sales distribution and maintaining an effective investment policy." The HR strategy aims at enabling the company to improve its competitiveness in the market place by changing the way …

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…A. 1995, Oganisational Culture, Pitman, London IPD 1997, The IPD Guide on Broad Banding, Institute of Personnel and Development Institute of Management, Setting Up a Performance-Related Pay Scheme, Institute of Management Foundation Continuing Professional Development Checklist 143. Kohn, A. 1993, Why Incentives Plan Cannot work, Harvard Business Review, September/October: 54-63 Mullins, L. J. 2002, Management and Organisational Behaviour (6th ed.), Prentice Hall, Financial Times, Harlow Thorpe, R. & Homan, G. 2000, Strategic Reward Systems, Prentice Hall, Financial Times, Harlow