[The application of the 80-20 rule in candidate selection practices at Lloyds Banking Group]
by
ACKNOWLEDGEMENT
I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.
DECLARATION
I, [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.
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EXECUTIVE SUMMARY
This paper investigates how Lloyds Bank's human resource capability can affect the deployment and effectiveness of corporate mergers and acquisitions strategy. Mergers and acquisitions (M&A) is treated as a long-term strategic orientation based on human resource advantage rather than a tactic to pursue short-term goals. Using a sample of 10 branches, the main and interaction effects of M&A intensity, HR capability, and in-state propensity on four firm performance measures were examined. The findings confirm that banking M&A could be very effective when the firm had high HR capability. Evidence was also found that HR capability had a direct impact on firm performance. Although in-state M&A strategy was in general superior to out-of-state M&A strategy, a firm with excellent HR capability might narrow the performance difference between in-state and out-of-state M&A. This study considers Lloyd Bank having at least one M&A over a three-year period, so findings should not be generalized to those firms preferring to use internal growth strategies or greenfield start-ups. By extending previous investigations which showed that M&A strategy and HR capacity should be independently treated, this study highlights the critical role of internal HR capability in performance implications of M&A strategy.
Table of Contents
EXECUTIVE SUMMARYIV
Organizational Background1
History2
Aims and Objectives5
Scope and boundaries6
CHAPTER 2: LITERATURE REVIEW7
Pareto Analysis: 80-20 Rule7
The Pareto chart9
Comparissions Of Other Financial Institutions & selection practice10
Effectiveness Of System Based Recruitment Vs Paper Based Manual Process12
Competancy based recruitment questions13
CHAPTER 3: METHODOLOGY17
Overall approach17
Research methods18
Barriers, challenges & bias19
CHAPTER 4: FACTS AND FINDINGS20
Strategic alignment20
Database Analysis22
Lloyd's Incidents Analysis25
Benchmarking27
Line manager capability30
CHAPTER 5: PROOF32
CHAPTER 6: CONCLUSION35
Strategic Alignment35
Critical review of current practises36
Roles and responsibilities38
Line manager capability39
CHAPTER 7: RECOMMENDATION41
Strategic alignment41
Critical review of current practice41
Roles and responsibilities42
Line manager capability42
REFERENCES43
CHAPTER 1: INTRODUCTION
Organizational Background
Lloyds Banking Group plc (Lloyds or the group) is a leading UK based financial services group, offering a wide range of banking and financial services in the UK and a limited number of locations overseas. The group is headquartered in Gresham Street, London and employs 104,230 people. The group recorded revenues of £43,467 million ($67,247.8 million) during the financial year (FY) ended December 2010, a decrease of 4% over FY2009.The operating profit was £281 million ($434.7 million) in FY2010, a decrease of 73% over FY2009. The net loss was £320 million ($495.1 million) in FY2010, compared to net profit of £2,827 million ($4,373.7 million) in FY2009.
Lloyds Banking Group plc is one of the UK's leading financial services groups, offering a range of services such as retail, private and commercial banking; investment services; pension management; treasury services; insurance; ...