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Run by beancounters

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Anonymous Employee  in  Kingswood, South East England, England (UK)
Current Employee - Anonymous Employee in Kingswood, South East England, England (UK)

I have been working at Legal & General Group

Pros

Not expected to work over your contracted hours
Benefits towards the top end - enhanced maternity pay
Most people get on well with each other
Probably much better in a business unit rather than Group
Swimming Pool

Cons

Low salaries - kingswood is not in Central London, but still need London wages to tempt those from London to work there.
High levels of poorly managed out-sourcing
Silo business structure with no joined up thinking
Very antiquated IT systems, some originating from the 1960s!
Not progressive
Parts of HR have been out-sourced
Can only park in the car park 4 out of 5 days per week - need to nominate a no park day
Seen by management to be a 'lifestyle' choice to work there meaning we don't pay you much and don't expect long working hours or any chances of promotion.
PCs with floppy disk drives!! - No real investment in IT infrastructure
Still on MS office 2000 for most staff
Very slow processes. Some processes are just there to justify the hierarchical management structure.

Advice to ManagementAdvice

On paper it may look that out-sourced services to TCS have saved money. However, the reality is that very little has been achieved by them for the money that has been spent. Rather than looking at the overall cost of providing services you really need to look at outcomes as well. TCS may charge 1/2 that of a UK out-sourced provider, but with fixed budgets it means they have delivered 1/2 of what they should have as they take much longer to complete jobs than UK based out-sourced companies.
Take a real look at some of the most innovative companies out there and try to emulate them. Rather than out-sourcing work, create projects to solve specific business problems that will be managed in house. Use more UK workers rather than Indian born ones from TCS.

Doesn't Recommend
Disapproves of CEO

Other Reviews for Legal & General Group

  1.  

    Too much change in structure

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Business Analyst  in  London, England (UK)
    Current Employee - Business Analyst in London, England (UK)

    I have been working at Legal & General Group

    Pros

    People, work ethic, location, training

    Cons

    Pay Promotion Politics Old systems Resistance to change

    Approves of CEO
  2.  

    For the flexibility it provides, you may be sacrificing higher aspirations

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Finance Manager  in  City of London, England (UK)
    Current Employee - Finance Manager in City of London, England (UK)

    I have been working at Legal & General Group

    Pros

    - Friendly family-based culture;
    - Sports facilities;
    - Work-life balance;
    - Multiple sites - Central London, Greater London; Home counties

    Cons

    - Professionally skewed to Actuaries more than general management, Finance or Accountants;
    - Development relies more on yourself than HR framework (Who you know rather than what you know, somewhat);
    -

    Advice to ManagementAdvice

    - More investment in underlying systems and processes required - some reporting processes are prone to break-down and have key-man dependencies;
    - Need to move away from a more traditional insurance company mindset to more modern financial institution mind-set;
    - Still a very UK localised company with all major rivals having 'significant' International presence - Capital buffer should be used to diversify internationally - not just for presence but becoming a major player in some international market
    - Become a more International/Global brand than a mere UK one after 175 years.

    No opinion of CEO
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