Human Resource Current Event
The Northrop Grumman Corporation is an American global company that develops aerospace, electronic and information systems and also delivers technical services. The corporation was formed by the purchase of Grumman by Northrop in 1994 and in 2010 was the fourth largest military contractor (SIPRI, 2010). Northrop Grumman is a very large corporation that globally employs 120,000 people who provide solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide and in 2011 was named the 37th most diverse company in terms of workforce (DiversityInc, 2011). With reported total assets of 2.115 Billion dollars by the end of 2011, Northrop Grumman comfortably rests in position 104 of the Fortune 500 companies, which gives reasonable proof that the corporation is a large one (CNN, 2012). The corporation’s statement for their vision is:
“Our vision is to be the most trusted provider of systems and technologies that ensure the security and freedom of our nation and its allies. As the technology leader, we will define the future of defense—from undersea to outer space, and in cyberspace.
We will — * Conduct ourselves with integrity and live our Company Values * Deliver superior program performance * Foster an internal environment of innovation, collaboration, and trust
In so doing, Northrop Grumman will become our customers ' partner of choice, our industry 's employer of choice, and our shareholders ' investment of choice.” (Northrop Grumman, 2012)
Looking at its vision statement, it is interesting to note who each of the three points affects. The first one truly affects both the company internally and who they deal with externally given that both employees and customers want to be treated with integrity. The second point deals more with people externally, since having a superior program performance ensures that costumers receive the best product available. The third
“Our vision is to be the most trusted provider of systems and technologies that ensure the security and freedom of our nation and its allies. As the technology leader, we will define the future of defense—from undersea to outer space, and in cyberspace.
We will — * Conduct ourselves with integrity and live our Company Values * Deliver superior program performance * Foster an internal environment of innovation, collaboration, and trust
In so doing, Northrop Grumman will become our customers ' partner of choice, our industry 's employer of choice, and our shareholders ' investment of choice.” (Northrop Grumman, 2012)
Looking at its vision statement, it is interesting to note who each of the three points affects. The first one truly affects both the company internally and who they deal with externally given that both employees and customers want to be treated with integrity. The second point deals more with people externally, since having a superior program performance ensures that costumers receive the best product available. The third
References: Money. (2012, May 21). Fortune 500 2012: Fortune 1000 Companies 101-200 - FORTUNE on CNNMoney.com. CNNMoney - Business, financial and personal finance news. Retrieved November 7, 2012, from http://money.cnn.com/magazines/fortune/fortune500/2012/full_list/101_200.html DiversityInc. (n.d.). DiversityInc Top 50 Lists Since 2001 - DiversityInc. DiversityInc | Diversity and Inclusion | Consulting and Benchmarking. Retrieved November 7, 2012, from http://www.diversityinc.com/past-diversityinc-lists/ Employment Law Guide - Notices for Plant Closings and Mass Layoffs. (n.d.). United States Department of Labor. Retrieved November 8, 2012, from http://www.dol.gov/compliance/guide/layoffs.htm Ingram, D. (n.d.). The Difference Between Discharge, Layoff, and Resignation | Chron.com. Small Business - Chron.com. Retrieved November 8, 2012, from http://smallbusiness.chron.com/difference-between-discharge-layoff-resignation-11201.html Northrop Grumman Rises 10 Spots on DiversityInc 's 2011 Top 50 Companies for Diversity List (NYSE:NOC). (n.d.). IRconnect.Com. Retrieved November 7, 2012, from http://www.irconnect.com/noc/press/pages/news_releases.html?d=215938 Our Vision, Values and Behaviors. (n.d.). Northrop Grumman Corporation - The Value of Performance. Retrieved November 7, 2012, from http://www.northropgrumman.com/corporate-responsibility/ethics/our-vision-values-and-behaviors.html PRUDENTE, T. (n.d.). Northrop Grumman to cut up to 350 jobs - CapitalGazette.com: Breaking News. CapitalGazette.com: The Capital, Maryland Gazette, Annapolis, Anne Arundel. Formerly HometownAnnapolis.com. Retrieved November 8, 2012, from http://www.capitalgazette.com/maryland_gazette/breaking_news/northrop-grumman-to-cut-up-to-jobs/article_7fd51e90-2a74-57eb-b909-7e136c4c2710.html International Peace Research Institute. (n.d.). The SIPRI Top 100 arms-producing and military services companies, 2010 — www.sipri.org. Welcome to SIPRI — www.sipri.org. Retrieved November 7, 2012, from http://www.sipri.org/media/research/armaments/production/Top100 Skarlicki, D. (1998). Third-party perceptions of a layoff: Procedural, derogation, and retributive aspects of justice. Journal of Applied Psychology, (83), 119-127.