HR SBUX
The company I have chosen is Starbucks. The two positions within the company are barista and assistant store manager. The compensation plans for these two positions will be compared.
There are many similarities between these two plans, based on the way that Starbucks has designed all of its compensation plans. However, there are some differences. One of the biggest differences is that the barista position is typically an hourly position, based on part-time work usually. The company's compensation plan is designed around the principle of base pay for all positions, with some positions being eligible for bonuses. The latter are typically the salaried positions of which assistant store manager is one. The barista has an incentive to perform because performance creates opportunities at higher levels of the organization, and move upwards from an hourly position. Managerial roles within the company are eligible for performance-based bonuses, as there are a number of metrics available for the company to...
SBUX Starbucks is a quick service restaurant that focuses on coffee and snacks. The company operates globally, with over 18,000 stores, roughly 55% of which are company-owned and the rest are franchised. Over 10,000 of these stores in are in the United States. Starbucks earned $14.89 billion in revenue in the last fiscal year (2013 Starbucks Annual Report). Starbucks employees are known as associates. In total, there are 191,000 associates (full-time
A fourth foundational element is the strength of the Starbucks brand itself and is ubiquity globally. As a result of rapid and well-defined strategies for opening up retail stores, Starbucks is now considered one of the most preeminent and strongest brands globally. Starbucks has generated the strength of their brand through combining high-quality coffee and tea beverages with the third-place concept to generate customer loyalty and world-of-mouth among customers and their
Starbucks relies on their suppliers for a constant supply of consistent, high quality products. This stakeholder relationship is strong for both groups. A key group of supply-side stakeholders for Starbucks are coffee growers. The company's size makes them one of the world's largest purchasers of coffee beans. It is not just size that makes Starbucks important, however. Their high visibility means that they are in a position of influence with
Offering benefits such as healthcare and even stock options to lower-level employees, a compensation strategy also pursued by Starbucks (a company both literally and figuratively 'green' in its image), is another example of a policy that can benefit both the company and employees -- employees enjoy greater security, while the companies reduce the high rate of workplace turnover that is endemic to the service industry at companies like McDonald's.
Starbucks in India Identifying Global Opportunities Global Business Opportunities Starbucks is a global retailer of coffee, and is seeking new growth markets, since its largest markets (U.S., Canada, UK) are all mature. The company has nearly 20,000 stores (2011 Annual Report). The company has premium positioning in the market with its brand, logo and patents providing key intellectual property to expand globally. Potential Markets When looking for potential markets, Starbucks seeks the opportunity to license
Starbucks and Team-Building One company which builds the inherent value of team-building right into their reputation is Starbucks. Starbucks is known for valuing not only their employees but the manner in which their employees work together; this is an aspect of the company which has long been built into the company image. The First Step of Team-Building: Valuing Employees One of the ways that employees are rewarded for their teamwork starts with the
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