HRMG 5920 Compensation Management

Spring 2 2008

Group work (3-4 students) during class hours

Pick a company values statement and answer the questions below

Timing : 1h30 preparation and 20 minutes presentation

MICROSOFT

Our Mission

At Microsoft, we work to help people and businesses throughout the world realize their full potential. This is our mission. Everything we do reflects this mission and the values that make it possible.

Our Values

As a company, and as individuals, we value:

  • Integrity and honesty.
  • Passion for customers, for our partners, and for technology.
  • Openness and respectfulness.
  • Taking on big challenges and seeing them through.
  • Constructive self-criticism, self-improvement, and personal excellence.
  • Accountability to customers, shareholders, partners, and employees for commitments, results, and quality.

FOUR SEASONS

What We Believe

Our greatest asset, and the key to our success, is our people. We believe that each of us needs a sense of dignity, pride and satisfaction in what we do. Because satisfying our guests depends on the united efforts of many, we are most effective when we work together cooperatively, respecting each other’s contribution and importance.

How We Behave

We demonstrate our beliefs most meaningfully in the way we treat each other and by the example we set for one another. In all our interactions with our guests, customers, business associates and colleagues, we seek to deal with others as we would have them deal with us.

How We Succeed We succeed when every decision is based on a clear understanding of and belief in what we do and when we couple this conviction with sound financial planning. We expect to achieve a fair and reasonable profit to ensure the prosperity of the company, and to offer long-term benefits to our hotel owners, our shareholders, our customers and our employees.

EasyGroup

We will build on our brand values:

  1. great value
  2. taking on the big boys
  3. for the many not the few
  4. relentless innovation
  5. keep it simple
  6. entrepreneurial
  7. making a difference in people’s lives
  8. honest, open, caring and fun

We will protect our brand from internal and external threats and manage appropriately the business and other risks inherent in venturing. We will develop our people and ensure their reward is aligned to realised shareholder returns.

Mission statement Our mission is to manage and extend Europe’s leading value brand to more products and services, whilst creating real wealth for all stakeholders.

Vision easyGroup will develop Europe’s leading value brand into a global force. We will paint the world orange!

MEDTRONIC

MISSION

  1. To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health, and extend life.
  1. To direct our growth in the areas of biomedical engineering where we display maximum strength and ability; to gather people and facilities that tend to augment these areas; to continuously build on these areas through education and knowledge assimilation; to avoid participation in areas where we cannot make unique and worthy contributions.
  1. To strive without reserve for the greatest possible reliability and quality in our products; to be the unsurpassed standard of comparison and to be recognized as a company of dedication, honesty, integrity, and service.
  1. To make a fair profit on current operations to meet our obligations, sustain our growth, and reach our goals.
  1. To recognize the personal worth of employees by providing an employment framework that allows personal satisfaction in work accomplished, security, advancement opportunity, and means to share in the company's success.
  1. To maintain good citizenship as a company.

STARBUCKS

MISSION

The following six guiding principles will help us measure the appropriateness of our decisions:

  1. Provide a great work environment and treat each other with respect and dignity.
  2. Embrace diversity as an essential component in the way we do business.
  3. Apply the highest standards of excellence to the purchasing, roasting and fresh delivery of our coffee.
  4. Develop enthusiastically satisfied customers all of the time.
  5. Contribute positively to our communities and our environment.
  6. Recognize that profitability is essential to our future success.

Starbucks is committed to a role of environmental leadership in all facets of our business.

We fulfill this mission by a commitment to:

  1. Understanding of environmental issues and sharing information with our partners.
  2. Developing innovative and flexible solutions to bring about change.
  3. Striving to buy, sell and use environmentally friendly products.
  4. Recognizing that fiscal responsibility is essential to our environmental future.
  5. Instilling environmental responsibility as a corporate value.
  6. Measuring and monitoring our progress for each project.
  7. Encouraging all partners to share in our mission.

Questions

  1. How those values might be reflected in a compensation system?
  1. What business strategy does it seems to fit (i.e. cost-cutter, customer centered, innovator, or something else)?
  1. In which employment category this company falls in and explain why :
  1. Workers as a commodity (low pay – low commitment)
  2. Being at the center of innovation (high pay – high commitment)
  3. Vocational (low pay – high commitment)
  4. Opportunist (high pay – low commitment)
  1. Rank the below compensation objectives that the organization should be pursuing to support their values statement (1 being the highest):

Ensure internal consistency

Encourage innovation

Achieve short-term objectives

Favor individual performance

Remain competitive

Achieve long-term objectives

Recognize outstanding contributions

Attract competent managers

Engender job satisfaction

Promote implementation of strategies

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