Reference no: EM132686794
Question: Review aspects of Costco's HR policies and practices, and decide whether you agree with Jim Sinegal that satisfied and loyal employees will produce profitability in the long run, or you agree with analysts that costly HR policies and benefits will not produce long-term profitability. You will summarize your findings and conclusions in a memo to Costco's current CEO, W. Craig Jelinek.Think of how HR policies and practices align a company to its strategy.
Costco HR policies of employee's:
Our employees are our most important asset. We believe we have the very best employees in the warehouse club industry, and we are committed to providing them with rewarding challenges and ample opportunities for personal and career growth. We pledge to provide our employees with:
• Competitive wages
• Great benefits
• A safe and healthy work environment
• Challenging and fun work
• Career opportunities
• An atmosphere free from harassment or discrimination
• An Open-Door Policy that allows access to ascending levels of management to resolve issues
• Opportunities to give back to their communities through volunteerism and fund-raising
Your Task
1. Identify specific HR policies and practices in place at Costco and evaluate their alignment with Costco's corporate mission statement. Take a stand for or against the strong and distinct HR policies currently in place at Costco. Support your decision with at least three specific Costco policies
2. For example, the Costco "Take Care of Our Employees" Mission includes a statement to provide employees with an atmosphere free from harassment or discrimination. You could describe how this mission relates specifically to the Age Discrimination in Employment Act of 1967.
3. Write a three-paragraph (minimum) memo addressed to current Costco CEO W. Craig Jelinek. Advise him EITHER to continue Sinegal's employee-motivating strategies, OR to change them as the Costco investors would advise. You must support your advice with the three specific policies you identified in the previous step.