Coca Cola
Coca Cola
Kalvin Williams
MGT/445
August 23, 2010
Mr. Dennis Stroud
Coca Cola
The Coca Cola Company begins in Jacob’s Pharmacy selling for five cents. Many years have past and the Coca Cola Company remains the leader in beverages, syrups, and non-alcoholic drinks. The following paragraphs will discuss how a complete performance management system and annual performance appraisals at Coca Cola are different and how effective various performance appraisals methods and relevant problems affect performance appraisals. The paragraphs will also discuss the advantages Coca Cola has managing turnover, examine contemporary safety and health management issues at Coca Cola, and discuss future trends and challenges in HR management.
Managing Turnover
Coca Cola looks at the retention cost instead of the turnover rate. The retention rate gives a better overview of turnover because it evaluates how long an employee stays with Coca Cola. “Retaining top performers is not always easy either, and recent trends have made this more different than ever” (Noe, Holleback, Gerhart, & Wright, 2007, p. 325). Coca Cola focuses on the employees and their families along with placing an emphasis on what will keep an employee with the company. This can be done by making sure that management gives employees the necessary information for the job, guidance and response to questions, adequate work procedures, and applicable incentives. The advantage here is the employee’s training is appropriate as well as given in easy to read procedures for his or her job, safe and healthy work environment to perform the job. Another advantage of managing turnover at Coca Cola is reviewing the company mission statement. The mission statement gives the employee a guide to what the company expects and in which direction Coca Cola is going. Training an employee correctly will help the company maintain efficient and skillful trained employees for a long time.
The stamina of Coca Cola retention drive
Kalvin Williams
MGT/445
August 23, 2010
Mr. Dennis Stroud
Coca Cola
The Coca Cola Company begins in Jacob’s Pharmacy selling for five cents. Many years have past and the Coca Cola Company remains the leader in beverages, syrups, and non-alcoholic drinks. The following paragraphs will discuss how a complete performance management system and annual performance appraisals at Coca Cola are different and how effective various performance appraisals methods and relevant problems affect performance appraisals. The paragraphs will also discuss the advantages Coca Cola has managing turnover, examine contemporary safety and health management issues at Coca Cola, and discuss future trends and challenges in HR management.
Managing Turnover
Coca Cola looks at the retention cost instead of the turnover rate. The retention rate gives a better overview of turnover because it evaluates how long an employee stays with Coca Cola. “Retaining top performers is not always easy either, and recent trends have made this more different than ever” (Noe, Holleback, Gerhart, & Wright, 2007, p. 325). Coca Cola focuses on the employees and their families along with placing an emphasis on what will keep an employee with the company. This can be done by making sure that management gives employees the necessary information for the job, guidance and response to questions, adequate work procedures, and applicable incentives. The advantage here is the employee’s training is appropriate as well as given in easy to read procedures for his or her job, safe and healthy work environment to perform the job. Another advantage of managing turnover at Coca Cola is reviewing the company mission statement. The mission statement gives the employee a guide to what the company expects and in which direction Coca Cola is going. Training an employee correctly will help the company maintain efficient and skillful trained employees for a long time.
The stamina of Coca Cola retention drive
References: Bridgeford, L. (2010). Coca Cola Retools Wellness Strategy. Retrieved April 4, 2010 from the website, http://ebn.benefitnews.com/ * News/coca-cola-retools-wellness-strategy-2683189-1.html. * Chan, A. (2010). The Challenges of Human Resources Management. Retrieved April 5, 2010 from the website, www.diversityworkforce.com Donnelly, Gibson, Ivancevich, (1998). Fundamentals of Management (10th Ed.). New York, New York, New York: Irvin/McGraw-Hill. Noe, R.A., Hollenbeck, J.R., Gerhart, B., & Wright, P.M. (2007). Fundamentals of Human Resource Management (2nd ed.). New York, NY: McGraw-Hill/Irwin *