Best people

for the best performing business

Across the Group we employ more than 25,000 people. We work in an extremely competitive marketplace that demands we attract the most talented people. It is important that we continue to create an environment that appeals to the right people – those who are committed and able to deliver top performance for our customers and shareholders.

Developing credible successors

Strong leadership is critical to the continued success of our business. Every year we conduct a review across the Group to identify, develop and reward people with leadership potential.

Our Group-wide development programme, Momentum – open to people both within and outside the business – recruits high-potential individuals early in their careers for
fast-track progression. Momentum places a strong emphasis on diversity. There are currently 60 individuals on the programme, of which approximately a third are women.

Building and rewarding performance

Our reward system is based on both individual performance and behaviours – both what people achieve and how they achieve it. This is, we believe, fundamental to building a high performing culture.

Our remuneration policies are regularly reviewed to ensure that our reward structure keeps pace with the markets in which we operate, and that they remain relevant to the growth of the business.

We also believe it is important for our employees to have an opportunity to benefit from the Group’s success through share ownership.

Developing an organisation that works

We recognise that an important part of sustaining performance comes from effectively engaging and communicating with employees.

We conduct regular surveys in our businesses to monitor levels of engagement and the effectiveness of our structures and practices.

Across the Group there are dedicated intranet sites to keep employees up to date, and ‘town hall’ events that provide employees with the opportunity to put questions to senior management teams.

Additionally, there are a number of employee forums in place such as the M&G Staff Consultative Committee and the UK Employee Forum within Prudential UK. Our UK business also has a long-standing relationship with the union Unite.

At Group Head Office a dedicated team provides regular communication to employees across the business through the Group intranet. This includes communication from senior management on Group strategy direction and performance. We also regularly hold a conference for the Group Leadership Team, currently 75 senior managers from across the business, who are either leading a significant part of the Group strategy or responsible for implementing a major component of it.

Diversity

We are committed to instilling diversity across all our business practices. Our policies are guided by the principles of the UN’s Universal Declaration of Human Rights and the International Labour Organisation’s core labour standards.

OUR PRINCIPLES

  • We value and respect employees of all backgrounds
  • We are committed to developing and maintaining a diverse and inclusive culture that rejects any form of discrimination, harassment or bullying. We operate in accordance with the United Nations’ Universal Declaration of Human Rights, which we promote through our employment policies and practices
  • We believe that in order to attract and retain the best talent, we have to excel in encouraging, developing and rewarding our employees

“Our ability to attract, select, motivate and develop the best people is key to the success of the Group. We need talented individuals who are given the right opportunities, and support, to deliver to the full extent of their potential in both current and future roles.”

TIDJANE THIAM
GROUP CHIEF EXECUTIVE