What Is Mcdonald's Giving Its Employees?
- The Starbucks Employee Bonus Program
- The Gift of Learning: A Conversation with April Lee
- Beyond Work: A Pre-tax Benefit Program for Employees at McDonald'S
- Motivated Employees in a Multi-Scale Organization
- The Cost of Health Insurance at McDonald's
- The McDonald's Restaurant in the United States and Canada
- How Should Businesses Evaluate Compensation?
The Starbucks Employee Bonus Program
The fast-food giant decided to give bonuses to employees at 700 company-owned stores. The bonuses are worth 10 percent of the total pay. Starbucks is giving an additional $3 an hour to employees who are healthy and choose to work through the end of May. The pay increase was given to hourly workers from March 16 to April 12.
The Gift of Learning: A Conversation with April Lee
The Learning and Development Centre is the first room you see when you enter the office and it is where the company helps its employees learn and grow. The Gift of Learning has helped April Lee, the restaurant manager at 27 years old, who just graduated with aDiploma in Hospitality from Republic Polytechnic.
Beyond Work: A Pre-tax Benefit Program for Employees at McDonald'S
Employees can set aside pre-tax dollars to pay for health care and day care expenses. Employees can set aside up to $5,600 in the healthcare spending account for expenses not covered by their medical and dental plans. Employees or their spouses can set aside up to $5,000 in the Day Care Spending Account for day care expenses that allow them to work.
McDonald's employees can purchase auto and home insurance through the program. The McDonald's group rate is one of the advantages of the MetLife auto and home insurance program. BeyondWork is a discount program for recreational products and services.
Motivated Employees in a Multi-Scale Organization
The use of human resources is one of the most significant advantages, which leads to the companies occupying the leading positions in the world market. The McDonalds company has good success because of the integration of the staff into the problem solving. The company follows the principle that the result is done by a man.
Quality and productivity are the main goals of McDonalds. Motivated employees work harder, producing better products or services. Employees waste time using the Web and e-mail for personal benefit.
They take longer to complete the tasks. Improved productivity can be seen if employees are kept motivated. When employees are motivated, they invest time, effort and brain power into producing the best products or services.
They take pride in their work and will give the company a better name if they produce a superior product. Unmotivated employees will put in the bare minimum effort, resulting in poor customer service and low quality products. The organization will be able to retain more employees if they are motivated.
When a new employee is hired, time is spent getting that person up to speed on the job requirements, integrating that person into the workforce and figuring out how that new person can contribute. Existing employees have a lot of knowledge about the company. They are used to working with other employees.
The Cost of Health Insurance at McDonald's
McDonald's offers health insurance to employees. The coverage is offered through a company called the BCS Insurance Group, and it may differ from state to state. Not all McDonald's stores are owned by corporate offices and the exact benefits packages may be different at franchise units.
Eligibility for health insurance through McDonald's begins after 90 days after you've been employed. Employees who work a minimum of hours may be ineligible. To find out the exact location, the best way to do that is to contact the store's manager and ask about health insurance.
The McDonald's Restaurant in the United States and Canada
McDonald's began offering a partial breakfast menu in the United States and Canada in 2015, and in the year of 2017, after limited trials. McDonald's restaurants can be found in a number of places in the United Kingdom. Some McDonald's locations have limited seating and can be found in airports and railway stations.
How Should Businesses Evaluate Compensation?
Businesses should be strategic about how they determine compensation. Intellectual and emotional satisfaction are not irrelevant. It is not to say that increasing base salaries will cure the workplace of all its problems.
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