100% Original, Plagiarism Free, Tailored to your instructions

Order Now!

Performance Management system

Performance Management system
Order Description
Performance Management system , a system has been chosen which is Management by objectives. Carefully analyse the case of Littleton Credit Union and write an answer after studying the case study. Find below case study and question :
Credit unions are not-for-profit, community-based financial cooperatives which are operated for the purpose of promoting thrift and providing benefit to the local community. The three main aims of a Credit Union are:
To encourage its members to save regularly.
To provide loans to members at very low rates of interest.
To provide members with help and support on managing their financial affairs (if required).
Littleton Credit Union (LCU) has been in existence for 15 years and operates out of its head office / main branch in Littleton and four smaller branches in the surrounding area.
Littleton is a medium sized town (population around 25000) in the east of England. It was prosperous throughout the first half of the 20th century due to its steel industry. In recent years the mass production of steel has ended, however there remains expertise in advanced manufacturing of high quality specialist steel products. It has received considerable regeneration funding from the European Union and the town centre has been relatively resistant to the recession, although its proximity to a large scale out of town retail development has meant that the town centre is not well served by national chain stores. Despite its potential, Littleton is currently one of the 50 most deprived districts in England. The unemployment rate is nearly 12% (against a UK average of around 8%).
Currently LCU employs around 100 staff. 30 are based in the Littleton Head Office branch. Each of the other 4 branches employs between 15 and 20 staff, many on a part time basis, providing financial services and advice on managing personal finances to its client base.
As a not-for-profit organisation with the promotion of financial prudence at the heart of its mission, the company does not want to encourage its members to borrow more than they can afford to repay. Unsecured loans (representative APR 12.7%) are available to members once they have been a member of LCU for a minimum of 8 weeks and have demonstrated their ability to repay. Budgeting advice is provided by LCU staff and every effort is made to discourage people from borrowing more than they can afford for example from payday loan companies or local “loan sharks”.
However LCU does need to attract sufficient savings to enable it to continue to lend. There is currently concern that while there are plenty of small savers and borrowers (the core business of any credit union) LCU may be at risk as they lack some larger scale savers who in effect provide the funding for the loans that LCU offers.
Carla Fredericks took over as the chief executive of LCU four months ago and has spent her time getting to know the business. She had previously worked in the “conventional” banking sector but along with many credit union employees, moved to LCU because she was disenchanted with the sector and wanted to make a difference in a more sustainable and ethical business. She feels that a performance management system may be useful in developing the LCU and providing a better service to the community. Unsurprisingly, salaries in LCU are not high, indeed are only around 80% of the rates paid in local building societies. However, people work at LCU not only for the money but also for the sense of commitment to the local community.
She has contacted you as you were friends together at university and she knows you are proficient in HR. You have agreed to work for her for free as the project she has asked you to undertake is in a good cause.
your report should address:
How the system promotes the values and mission of LCU.
Performance management system is Management by objectives ( Standardised UK English)

Our Service Charter

  1. Excellent Quality / 100% Plagiarism-Free

    We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
  2. Free Revisions

    We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
  3. Confidentiality / 100% No Disclosure

    We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
  4. Money Back Guarantee

    If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.
  5. 24/7 Customer Support

    We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.

Excellent Quality
Zero Plagiarism
Expert Writers

Instant Quote

Single spaced
approx 275 words per page
Urgency (Less urgent, less costly):
Total Cost: NaN

Get 10% Off on your 1st order!