Legal & General’s employees are the main drivers of our success as a high-performing organisation. The Group seeks to achieve employee awareness of corporate objectives and performance, financial and economic factors affecting the business and other matters which concern them. In 2007, staff were kept informed through briefings by managers, training courses, email bulletins, staff newspapers, circulars and the intranet.
We seek the active engagement of our employees in the business and we actively seek feedback through regular employee surveys.
* Average number of staff employed during 2007.
Legal & General prides itself on the capability and diligence of its workforce, and in return aims to improve consistently as an employer. We monitor and encourage diversity in the workforce and our Equality and Diversity Committee is chaired by Group Executive Director Kate Avery. Our policy is to treat employees without discrimination and to operate equal opportunity employment practices designed to achieve this end.
The Group’s policy on diversity includes giving full and fair consideration to applications for employment made by disabled persons; to continue, wherever possible, the employment of staff who become disabled and to provide equal opportunities for the training and career development of disabled employees.
We offer good career progression within the Company, as well as considerable flexibility in working patterns. Where business changes mean we have to reduce staff in a particular area, we aim where possible to redeploy people within the Group. Our efforts are underpinned by the strength of our relationship with Unite, the trade union, with whom we celebrated 10 years of partnership during 2007.
Our 2007 Employee Survey showed encouraging evidence that our approach was working. We recognise, however,that we have continually to improve the way we recruit, manage and train our employees to keep pace with a fast-changing business environment.
The Company operates a savings related share option scheme (SAYE), a Company Share Option Plan and an Employee Share Plan, all of which are approved by Her Majesty’s Revenue & Customs. Details of employee share schemes and long term incentives are included in the Directors’ Report on Remuneration.
