Introduction
Human resource is not only a strategic resource of the contemporary enterprise, but also the most important key factor of business development. Every enterprise is concerned about how to effectively stimulate working ability and improve working efficiency of employees. “Motivation arouses a person to act towards a desired goal. It is a driving force which promotes action” (Wikipedia, 2013). In management, motivating refers to the process of stimulating employees’ working motivation. That is to say, using a variety of effective ways to give different degrees of satisfaction or restrictions to employees, in order to stimulate employees’ motivations, needs, and desires, so that employees will take the effort to complete the enterprise’s
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Employee compares the job input (in terms of contribution) to outcome (in terms of compensation) and also compares the same with that of another peer of equal cadre/category” (Management Study Guide, n.d.). Starbucks will do a salary survey between the same industries, and the salary will be fixed after a comparative analysis annually. Starbucks makes their employees feel the labor they paid can obtain a better return with higher salary and benefit than its counterpart. They are therefore more willing to stay at Starbucks and work for …show more content…
On the other hand, somethings will lead to satisfied if they exist, and they will not cause dissatisfied when they lack, but not satisfied, these kind of thing are called “motivators”. Employees at Starbucks are called as partner rather than staff. Because of the stock plan, all employees have opportunity to become a shareholder of Starbucks and share the development of Starbucks. Since 1991, Starbucks has implemented employee stock purchase plan. Every employee can purchase Starbucks’ stocks at a discounted price. In this way, the option value and pride of employees will increase while the price of Starbucks’ stocks rises. Furthermore, Starbucks’ stock plan is also combined with employee reward system. For example, according to the operating conditions, profitability, and individual salary and so on, Starbucks will award a certain number of stocks to the employees who meet the conditions. Therefore, Starbucks’ stock system is not only the reward for excellent performance employees who work long in the enterprise, but also combines employee benefits with corporate interests. Through the concept of community of interest, employees are able to find identification and belonging at the enterprise, and also have a better understanding of the direction and goal of their
Reading Assignment #6 1. In order to keep top performers satisfied and productive, Steve Bates argues, there should be a substantial difference in the variable pay or merit- based salary increases that top performers and poor performers receive. Based on available research the increase needed to catch “anybody’s attention” should be a seven percent or eight percent increase in compensation. It also states that anything below that might be welcomed, but will not lead to substantially greater effort on the part of employees to increase business results.
When employees see they are valuable to the company and they are secure it gives them confidence and in return they give their loyalty to the
If the organisation succeeds with setting a goal that all the employees in the group feel that they want to contribute to and that they together with the group are able to achieve, the organisation can with help of group rewards decrease unhealthy competition. We believe that group based reward system are a way to organisation to implement team spirit as a part of the workday. The most expressed advantage with using a team based reward system is that it promotes cooperation between the employees in an organisation. One common reason for an organisation to choose to reward on a group level can be because if the work is being done in group it is easier to reward the group as
Although motivating employees can be a challenge, a number of theories about motivation at work can be used as a basis for creating practices, procedures and processes to affect employee
‘‘Taylor’s concept of motivation is to institute a system of inequitable pay for workers and a bonus system will create monetary incentives (Reference/web). There are many ways McDonald’s uses to encourage employee’s effectiveness at workplace that is by having programs such as ‘employee of the month’ (Reference website). Besides that, McDonald’s has established an incentive pay system and provide the employees opportunities to earn competitive total compensation when the performance meet goals and bonuses are given to top employees based on their individual and business performance(Reference
Resources and Capabilities Tangible i. Physical: Stores, Distribution Centers and Warehouses ii. Financial: Investments, Expansion activities, Joint Ventures, Licensed agreements and Merchandise Intangible i. Technology: State of the art equipment, highly integrated and advanced information technology ecosystem, mobile and online store ii. Reputation: Strong brand reputation, cult status of Starbucks, strong Association of outlets as “third place” right after home and work, excellent relationship with coffee suppliers Human Resources Well trained employees, dedicated Real Estate team, innovative R&D team, relatively low employee attrition Personalized interaction with
Unseen total rewards programs with job satisfaction and organizational structure is still not being portrayed with employer (Reed, 2009). With both companies having similar mission statements, both companies have chosen to use different paths to appeal to their employees. Aflac has taken an approach to having employees feel
Motivation is essential for a group as well as an organization. In the eyes of the leader of organization McDonald’s, authorizing and inspiring staff members to do the best in their job and they’re capable of helps create job satisfaction, lowering gross revenue in an industry that has a standing for stimulating its employees. In addition, a glad, stable workforce not just conveys better customer service; it is likewise more compelling at building deals and attracting repeat business. There are five concentrate benefits of employee motivation which Mc Donald’s approached at: 1. Improved Productivity 2.
Therefore, it is essential for Starbucks to establish different platforms to share their company information to different stakeholders in order to let them realize the current business situation of Starbucks. In the following paragraphs, we would introduce the
The brand name of the Starbuck is popular are no longer depending on the quality of the coffee only, but also the customer service. A study shown that the turnover rate of employee at Starbuck was 65% which compare to the other national chain retailer with the average range of 150% to 400%. This indicates that Starbuck have a good work environment that allows them to retain employees and emphasized in term of the employee motivation. One of the motivation theory that Starbuck had been applied is the Maslow’s need hierarchy theory.
Summarize the overall strategy of Starbucks Management in its effort to create and develop a new concept and a rapidly expanding company. The overall goal of Starbucks Management was to create an American version of the Italian coffee bars that Howard Schultz had experienced first-hand in Milan. He believed that Starbucks should function as an important part of the community, as a meeting place for its customers. He wanted Starbucks to become an experience that would differentiate itself from its competitors.
Starbucks was founded in 1971. They have 18.850 stores in more than 40 countries which makes them the first coffee specialty retailer in the world. They operate most of their stores having only 50 franchises (as of 2017) as to keep strict control over quality. The success of Starbucks is based on their unique value proposition. They offer customer the finest coffee produced by themselves, with strong commitment on creating a global social impact, served in stores that promote a welcoming and warmth sphere where everyone can feel “like home”.
In order to avoid Starbucks in the process of mistakes, so rely on the procedure responsible for ensuring that there is no conflict between the strategy and policy, so that every action Starbucks can proceed smoothly Human Resource Cycle Recruitment & Selection Starbucks will be based on the existing staff of the generous conditions to develop employment requirements and selection criteria. Starbucks will require that candidates be polite, have the potential to provide customers with quality service, to ensure that the basic performance of the service. The Starbucks selection criteria will hope candidates have a strong learning ability and can continue to learn in the workplace as their current employees
Apple Company. Is an American multinational firm that layout and manufactures shopper electronics and PC software products. Apple was founded on the first of April, 1976, at the hands of "Steve Jobs" and "Steve Wozniak" and "Ronald Wayne" for the sale of personal computers called "Apple. The company manages more than two hundred and fifty shop of retail stores in nine countries, and shop on the Internet sold by hardware and software products. The reason why I choose this organization is because it 's very successful and famous device everywhere in world.
Motivation refers to the process by which a person’s efforts are energized, directed, and sustained towards attaining a goal. This definition contains three main elements which are energy, direction and persistence. Firstly, energy element is a measure of intensity or drive as how much does the motivated person tried. For direction, it states that the employees` effort that directed toward, and consistent with, target organizational goals of their company. Finally, motivation includes a persistence dimension which persist them in putting effort to achieve the goals.