The HR team at Lloyds Banking Group has won two HR industry awards this week; the Personnel Today 2010 Award for Managing Change, and the ifs ProShare Award for Best Employee Share Plan Outcome following a Corporate Transaction.
The Personnel Today Award, announced on 30 November, recognises the work of the HR function during one of the largest integrations ever seen in the financial services sector. On 19th January 2009, two of the UK’s largest financial organisations, Lloyds TSB and HBOS, came together to form Lloyds Banking Group, the UK’s largest Retail Bank.
The challenge for the HR function was to quickly bring together two large HR teams and transform the way the Group operated, while simultaneously leading and delivering organisational and people change. This has taken place during a challenging time for the financial services sector as a whole.
Angie Risley, Group HR Director, comments on the Personnel Today Award win:
“I’m delighted that the hard work of our whole HR team during this unprecedented period of change has been recognised with this award. Our challenge was to bring the two organisations together in a way that kept the engagement of our employees high, while driving a high performing culture that delivers for our customers. Our people build the relationships with customers that make us a success, so it’s vital for HR to manage change effectively.”
As part of the integration, the HR function designed and implemented a new HR model, a new vision and purpose for the new organisation, as well as new performance management and engagement strategies. The HR team were also at the heart of creating and executing the new organisational design.
The ‘Best Employee Share Plan Outcome following a Corporate Transaction’ was won at the annual ifs ProShare Awards on 2 December.
The award recognises the key share plan activities since the Group was formed – primarily the capital raising events and resultant share plan treatment and the harmonisation of share plans, through the launch of Sharesave and the harmonisation of Sharematch across the Group.
ifs ProShare is a not-for-profit membership organisation that provides a voice for the Employee Share Ownership industry. The judges were impressed by the Group’s high levels of employee engagement and communications.
Accepting the award, Liz Jackson, HR Director, Total Reward at Lloyds Banking Group said: “The share plans team deserve this award for their commitment to high quality service and communications. It is the continuing commitment of all our colleagues that wins us recognition like this and makes it a great place to work.”
As well as the award, the Group also received a Ã‚Â£10,000 donation from Sharegift to the charity of our choice