Legal & General Group

www.legalandgeneralgroup.com
Engaged Employer
There are newer employer reviews for Legal & General Group
There are newer employer reviews for Legal & General Group

See Most Recent

Helpful (3)

Run by beancounters

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in Kingswood, South East England, England (UK)
Current Employee - Anonymous Employee in Kingswood, South East England, England (UK)
Doesn't Recommend
Disapproves of CEO

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 Management

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.

Other Employee Reviews for Legal & General Group

  1. Too much change in structure

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

    Pros

    People, work ethic, location, training

    Cons

    Pay Promotion Politics Old systems Resistance to change


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

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Finance Manager in City of London, England (UK)
    Current Employee - Finance Manager in City of London, England (UK)
    No opinion of CEO

    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 Management

    - 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.


There are newer employer reviews for Legal & General Group
There are newer employer reviews for Legal & General Group

See Most Recent

Work at Legal & General Group? Share Your Experiences

Legal & General Group

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.