Llyods TSB by normala mohd hassan

normala5 — 2018-07-26 00:09:34 UTC

Share anything that u found out from the case study

2018-07-26 00:09:36 UTC

Llyods identified that complex hours meant that their workers would need flexible hours in order to be more productive

2018-07-26 00:10:42 UTC

Llyods also identified that the main cause for employees to join the company was initially for the flexible hours

Reasons why work pattern change???

normala5 — 2018-07-26 00:12:15 UTC

2018-07-26 00:13:17 UTC

Lloyds conducted a research with their employees in 1998 which showed that the main concern of the employees is balancing work life with their lives at home.

Lloyds change their working system to adapt the changes related to their employees needs

akmal_aminuddin27 — 2018-07-26 00:13:36 UTC

Lloyds strategies on how they maintaining the workforce output are effective as it increase their motivation and retain their their best staff

2018-07-26 00:14:32 UTC

The manager of Lloyds found out that to retain expert workers are crucial rather than recruit the newbies. So, giving the freedom of work and flexibility as long as all working hour are fulfilled and competency in working is satisfied

employees love Lloyd

2018-07-26 00:15:07 UTC

Globalization

keyyme — 2018-07-26 00:17:04 UTC

In the era of globalization, Llyod identified that it would need it's customer service to be running 24/7 hours a day. The peak demand has also shifted from the traditional 9am to 5pm time which limiting their service hours would be a lost for Lloyd

Advantages of Flexible Working Time to Lloyds, the employer

theflawlove — 2018-07-26 00:17:38 UTC

The advantage of Lloyds offering flexible working time rather than the traditional time-out and time-in is that they do not have to pay workers for overtime hours. Lloyds were able to obtain staff cover with no added cost. By widening the staff cover, Lloyds could offer a more perfect service to the customers, who do not always peak during office hours.

normala5 — 2018-07-26 00:17:42 UTC

By applying a flexible working hours, this company can retain its staff to be loyal, its kind of motivation factors to all workers, make them happy to work with that environment and will give positive impact to organisation (in terms of performance, workers' productivity and financial strength)

WORK OPTIONS

2018-07-26 00:18:10 UTC

an innovative human resources policy

Advantage of changing work pattern

2018-07-26 00:18:16 UTC

Lloyds TSB is able to attract, appoint, motivate and retain the best staff available, which in turn keeps customers happy and keeps the organisation at the top of the financial services field.

2018-07-26 00:18:23 UTC

due to external factors such as social and economical changes

2018-07-26 00:19:17 UTC

Employees that achieve work-life balance when working with Lloyds make them loyal to the company and always give their best commitment as their intention to work and flexible enough to fit in with outside considerations.

2018-07-26 00:20:25 UTC

As the society is being more exposed to technological advances, home-working is possible unlike before, as employees now have access to the internet.

2018-07-26 00:20:27 UTC

Lloyd makes their employees work only at hours they are most productive

Work Pattern

2018-07-26 00:20:49 UTC

Llyods change its work pattern because the company wanted to achieve flexibility to meet new demands and needs. Llyods also change their working pattern involving staffs the take maternity leave so that the company can maximise the workforce they have 🤔

Reduced working hours

2018-07-26 00:20:54 UTC

Lloyds provide several working patterns that employees can choose from to suit their lifestyle. Examples of the most simplest patter would be reduced working hours :
-Term time
-Job sharing

reason to change

2018-07-26 00:21:00 UTC

In 2003, the Flexible Working Regulations came into force in the UK. These regulations give employees looking after young or disabled children the right to request flexible working arrangements from their employer.

2018-07-26 00:22:20 UTC

Applying the flexible hours, Lloyds has given the employees a form of control over their working ours, helping the company retains its staff and

Maslow Hierarchy of needs

2018-07-26 00:23:05 UTC

The workers are motivated. The company manage their workers' love and belonging needs by allowing the workers to have a better work-life balance. For example, the company is concerned about their demanding work and outside commitments.

Any ideas on the advantages of having flexible working hours??

normala5 — 2018-07-26 00:23:08 UTC

Win - Win

keyyme — 2018-07-26 00:23:10 UTC

As the company gets to retain it's expert staff and recruit newer fresh graduates, the workers can easily balance their life between work and personal time. This increases the productivity of the workers and let's the company be open for it's customers 24/7. So as the company could gain more profit from it's around the clock hours and more productivity from their employees, the employees would also get more flexible hours and flexible working conditions such as;
1. compressed working
2. variable hours
3. homeworking

Thus fulfilling the hygienic needs of the employee and giving them motivation.

akmal_aminuddin27 — 2018-07-26 00:24:11 UTC

Advantages towards the staff as a merit for them to ensure the commitment given by the employee

External Environment (Legal &Social)

haniffa_hasna — 2018-07-26 00:24:52 UTC

The introduction of Flexible Working Regulations in the UK as well as changing social trends like more women entering the workforce made the company take into account of these external factors in order to be competitive as well as to retain staff.

advantage

2018-07-26 00:25:02 UTC

it be

Advantages of flexible working hours

2018-07-26 00:25:06 UTC

helps maintain staff loyalty by letting staff have control of their working hours based on their personal needs

advantage

2018-07-26 00:25:48 UTC

it becomes the USP of Lloyd’s that help make Llyod’s stand out from its conpetitor. this can attract many possible new employee to work at the company

Suggestion 🙂

2018-07-26 00:26:36 UTC

Flexible working hours can be achieve by doing research about the demographic and social lifestyle changes of its workers.

akmal_aminuddin27 — 2018-07-26 00:27:09 UTC

accesibilit

Laissez-Faire Leadership

theflawlove — 2018-07-26 00:28:10 UTC

The leaders have minimal direct input towards the employees. Lloyds sets the objective while the workers have the flexibility to choose their method to meet those objectives.

2018-07-26 00:28:11 UTC

Question

2018-07-26 00:32:55 UTC

We're talking about benefits but what about the disadvantages?

Economical factors

2018-07-26 00:35:44 UTC

When the company implement flexible working hours, the productivity of the company increase. Thus, helping in improving the government gross profit .

Disadvantage

2018-07-26 00:37:36 UTC

😭

2018-07-26 00:37:54 UTC

Social Factors

2018-07-26 00:38:25 UTC

Depression level increase due to stress working environment. Company should motivate them!

The demographic and social trends put pressure to those with family responsibility, chiefly women.

😁

2018-07-26 00:38:26 UTC

Outsourcing

2018-07-26 00:49:30 UTC

When the company able to provide the facilities and used third parties to handle the operation while focusing on their core business.

eg: