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Why the Hr Function Should Stay Within the Organisation

In: Business and Management

Submitted By kemadavies
Words 2366
Pages 10
Introduction This report will explain and support the retention of HR function within the Lloyds Banking Group (LBG) organisation. The HR function is a fundamental element to any organisation and as a HR professional it is vital to discuss the benefits of keeping it within the group. This report will explain in detail how the HR function supports the LBG strategy and how the HR professionals support line managers and their staff. The report will include a PESTLE and SWOT analysis showing the internal and external factors affecting LBG group and how the HR function supports against these factors. In order to analyse this efficiently the report will first outline the general principles of HR and also the best practices performed by HR personnel. Investigations, findings and analysis
This section gives an overview of the internal and external factors affecting the Lloyds Banking Group organisation and its strategy showing the support the HR gives to combat these factors. In order to cover this, it is important to highlight LBG’s Mission Statement: ‘to become the UK’s most recommended bank’. There are many factors that can have an impact on these both in a positive and negative way.

These factors can be both internal and external. Many of these spirals from the alignment of the Banks following the acquisition of HBOS by Lloyds in 2008, 5 years on this has still having an impact. Internal Factors:
Following the on-going restructure to align the two banks employees are still worrying about job security, remuneration packages and general practices of the organisation. This has a direct impact on morale ultimately affecting employee’s performance and the organisation’s performance. It lies with the HR department to design these packages helping to boost morale. Making them both fair to individual and LBG. During 2013 LBG made a

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