Elements of Success in Lloyds TSBs Total Rewards Programme Assignment

Elements of Success in Lloyds TSBs Total Rewards Programme - Assignment Example Online banking at Lloyds TSB offers a multitude of opportunities for customers, giving a more streamlined and much faster method of banking, which in turn facilitates an employee's ability to do his or her job. In the process of expansion, the company has combined with Xbridge, the UK's leading online business finance analyst to develop Lloyds TSB Commercial Finance, the biggest brand for commercial finance in the online medium. The most recent programme introduced within the company to improve business practices is called Total Reward, and its basic principles call for more than a financial package as an employee incentive. It calls for non-financial rewards such as the opportunity to develop skills and have input into the work schedule. What are the elements that make up Total Reward and how do they apply to Lloyds TSB Total Reward is defined as a programme that "brings learning and development together with aspects of the working environment into the benefit package" (CIPD, 2005). The concept is that when employees are included in organisational decisions, they will feel more connected and more responsible for improving the working environment. ... 2. Non-financial rewards, including recognition, opportunities to develop skills, upper-level opportunities and increased quality of work day. In Total Reward it is necessary to align HR and business needs with employee needs, acknowledging tangible and intangible rewards within the wider context of work experience. It is a new program, not fully embraced in the marketplace (CIPD, 2005). The concept is that when employees are included in organisational decisions, they will feel more connected and more responsible for improving the working environment. Because relatively few companies in the UK are successfully operating flexible benefits plans, there is no off-the-shelf package that companies can begin using immediately. The question here is the way in which Lloyds TSB is utilizing Total Rewards. What obstacles, if any, are they facing as they build a new programme for their company Management as a Balancing Act In today's employment market, a broader view of how to acquire and retain the best employees is no longer a matter of simply offering a competitive salary and benefits. A business that keeps up with current needs and new procedures has an advantage. Management has to know how to implement the employee pool in a way that creates harmony throughout the company (Hay Group, 2005). In addition, the public must feel that their interests are being addressed in the best possible way. This balancing act is difficult to achieve, but if the company is willing to learn from past mistakes and meet new challenges as they arise, a workable system can be achieved. Has Lloyds TSB Bank plc evolved in a way that will keep their organisation in a growth mode, keeping up with changes as they occur The ongoing debate is where to draw the line between personal

Theories of Imperalism Essay Example | Topics and Well Written Essays - 2000 words - 1

Theories of Imperalism - Essay Example The object of acquiring a colonial empire was usually to raise it to the status of a world power,† (Mommsen, 1977, p.5) as he quotes Chamberlain in 1897: â€Å"It seems to me that the tendency of the time is to throw all power into the hands of the greater empires, and the minor kingdoms – those which are non-progressive – seem to be destined to fall into a secondary and subordinate place,† (p. 6). This is the State Oriented theory of Imperialism and its main connection is with the territory and it is connected with the British patriotism. The whole idea of this imperialism was that British people had to acquire more and more territories in unsuspecting and underdeveloped countries to show their patriotism towards the country and Crown. The expansion of territory went on unabatedly for at least two centuries, till Britain owned one third of the world, arrogantly claiming that Sun never set in British Empire. The original meaning of Imperialism was simply one powerful ruler ruling over many territories and regions either inside European continent, or anywhere else in the world. It meant the all-powerful British crown making policies for colonies in the distant East and West of the globe. He says this position at home strengthened the situation of Conservative party of England. Classic political theory of Imperialism developed in the other half of the nineteenth century. German scholars like Heinrich Friedjung are at the helm of this theory. The colonial expansion ambitions of Napoleon III, no doubt ended in total disaster; but it gave credence to the grandeur of imperialism, the legitimate and magnificent rule of a mighty ruler over lesser mortals. Mommsen says that Friedjung did tremendous amount of work to establish the classical theory of imperialism by combining the nationalistic ideology working for the domination of far-flung areas for the sole purpose of national gratification. The days were conducive and any victory over the natives of colonies was