Standard Life success brings jobs

first_img Previous Article Next Article Related posts:No related photos. Comments are closed. Standard Life is to create 400 new jobs in Edinburgh, thanks to a record setof annual figures. The last year has seen business for the insurance and investments groupexpand by 61 per cent to £8.3bn – 46 per cent ahead of targets set a year ago. David Barr, recruitment manager for Standard Life Assurance, believes thatthe figures have much to do with the company’s people policies. “We have recently introduced a whole range of policies where HR hasworked very closely with the business, such as performance management systemsand a restructuring of the management job levels,” he said. “We have also completely done away with grades and instituted amarket-related way of paying staff.” Against the background of a volatile stockmarket and a global economicdownturn, the organisation has achieved financial stability and developed thecapacity to adapt. Standard Life’s performance puts it ahead of industry rivals in Britain,although many have also recorded a rise in sales over the past 12 months. Barr said this has much to do with the organisation’s ability to attract andretain competent staff. “We like to think e are progressive and the company isprogressive,” he said. “HR is heavily involved in getting the right people and training them.We also help line managers to ensure that working conditions are as competitiveas possible. “The company recognises that the success of the past year is founded oninvestment in the business and investment in the our people.” Standard Life success brings jobsOn 11 Dec 2001 in Personnel Todaylast_img read more