High street bank looks to reward leadership stars

first_imgRelated posts:No related photos. High street bank looks to reward leadership starsOn 21 May 2002 in Personnel Today Comments are closed. LloydsTSB has carried out a leadership development audit, reviewing the waysthese programmes are delivered, and has developed a new scheme to help its top300 managers realise their full potential. The move is part of a drive to place renewed emphasis on performancemanagement and individual contributions. Norman Mitchinson, director of group HR for LloydsTSB, said the firm’s TopManagement Resource (TMR) initiative identifies its best managers and supportsthem through personal development plans, mentoring and work developmentopportunities. Based on the bank’s existing Group Executive Resource (GER) programme, theTMR scheme aims to develop the firm’s top 40 executives and other senior staffwho have been identified as having the potential to eventually replace them. The audit has also led to members of the GER scheme being profiled byexternal consultants and individual development plans have been drawn up. Thecompany is now considering extending profiling to the members of the TMRprogramme. LloydsTSB measures managers’ performance against a balanced scorecard whichincludes, profit and cost control, franchise growth, risk management, customerservice and leadership and people. Previous Article Next Articlelast_img

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