Free Essay

Sodexo

In:

Submitted By Brad098
Words 4708
Pages 19
Diversity in the Workplace
Sodexo

Introduction: The company I have chosen to conduct my research audit on is Sodexo. This paper will discuss and examine a diversity audit on Sodexo Company. This audit will consist of the company’s background, criteria’s that companies should follow, and how Sodexo uses the creteria’s to maintain diversity. The findings will also consist of what the company truly practices through ten researched questions. The question consists of findings from articles that were provided by Empire States Library resource and other online materials. The purpose is to examine how much Sodexo is considerate of diversity within their organization.
History:
The organization had once been a ship supply company in Marseilles, France in 1895. In 1966, family member, Pierre Bellon was responsible for the change in the company. Bellon shifted the company to become a major food and hotel service provider to France (Sodexo, W., 2012). Bellon changed the company’s name to “Societe d’Exploitation Hoteliere.” The company was initially established to have served for restaurants, schools and hospital within certain areas of France. Throughout the 1970’s-80’s, the company focused its expansion and establishment internationally to such countries as Belgium, Africa and Middle East. Eventually between 1985-93’, Sodexo established with other countries as North America, South America, Japan, South Africa and Russia (Sodexo, W., 2012). The company eventually changed its name to Sodexho Alliance as the company emerged with international service alliances such as Gardner Merchant, Partena, Wood Dining Services and Universal Odgen Services. These events spark an acceptance of diversity within the company as more individuals qualities were be added along with the mergers. The merger with Gardner Merchant and Partnena in 1995, lead Sodexho Alliance to become one of the world’s top market leaders in food services (Sodexo, W.2, 2012). However, Sedexho Alliance, greatest merger was in 1998, with Marriot Management Services, which at the present time was North America’s largest food service organization. Two events occurred with the merger of the two organizations. The first included a name change for the company from Sedexho Alliance to Sedexho Marriot Services. The second event in 2001, lead the company to becoming one of the largest food and hotel services in America (Sodexo, W.2, 2012). In 2008, the company redesigned its image and identify to a simpler name of Sodexo. Sodexo changed its marketing identity as it offered more services as on-site solutions, motivation solutions and personal and home services. The company grew and acquired more services shortly after such as health care, education, support for elderly, justice services, and sports and leisure (Sodexo, W.2., 2012). The company launched a “Better Tomorrow Plan,” to promote nutrition, health, and support for local communities and preservation of the environment (Sodexo, W.2., 2012). The events of the Sodexo merger with international groups, along with the providence of new services and giving to worldwide communities, sparked an acceptance of diversity within the company. As more individual’s qualities were added the company reached out globally to acquire new skills and ideas. Sedoxo ranked number one in 2010, by DiversityInc, on the 50 Top American companies (Sodexo, W.2., 2012). The company strives to incorporate more diversity within their company, recognizing it as an important tool for their success.
Criteria’s for a Diverse Organization: As companies grow and prosper, workforce diversity is becoming a major concern to ensure that employees are being treated fair and equally. Sodexo, can be reviewed, following these few types of business diversity criteria. It is a company’s social responsibility to create and grow on good diversity practices to the groups of people they consider for their workforce. Employees and leaders should all represent some type of diversity. The workforce should stay clear of discrimination towards a person’s race, age, sex, ethnicity and etc while maintaining an equal employment opportunity for all employees. Companies should set realistic goals for their employees and should improve on the guidelines of creating a more diverse workforce. Management should take necessary steps in implementing and incorporating more diversity into the workforce. All departments within a company, especially the human resource department should always consider on improving diversity through recruiting and retention processes. Each employee brings with them a different quality and perspective that can give a company more of a competitive advantage over others. As more products and services are being focused on the diverse world around us, it is crucial that a company maintains a diverse image. As companies are becoming more international, it is important that companies recruit diversity groups that can act as representative in other countries, as so that there is no barrier in communication between companies and customers. Employees should be free to express ideas and should always be considered for advancement when possible. If companies follow these selected criteria’s, they should be successful in maintaining and improving their managing process of diversity within their company.
Sodexo Criteria’s:
Sodexo has made great strides to promote and make diversity in the organization a major priority. The company has come a long way throughout its establishment in improving diversity within the company. This is demonstrated in the “DiversityInc Top 50 Companies for Diversity,” making the number two spot on the list in 2012. Sodexo has selected a wide variety of different individuals that have contributed to the diversity within the company (Sodexo, 2011). Sodexo has taken full advantage of the understanding and acceptance of employee’s differences and have provided them with a strong and effective diverse environment. Sodexo has remained in the top five for companies for diversity, due to their willingness to challenge and change their concepts to prevent any barriers between the different groups of employees. The company has worked to provide services and education to not only their customers but to their employees as well. Sodexo have made it a mission to educate employee on health related issues and how to overall improve health outcomes (Sodexo, 2009). Sodexo has encouraged employees to have a clear perspective on their mission, value goals and objectives. The company holds the statement, “We also believe it is important that our work is meaningful to all who contribute to it and thus we remain faithful to our mission, our core values and the ethical principles that have guided us since 1966” (Sodexo, W.S., 2012). The company has reached out to women to fulfill more leadership roles in the company. The company believes that "Attracting and retaining a talented and diverse workforce, which includes many multicultural women in leadership roles, gives us the ability to compete globally and to be innovative to meet the challenges of any economic condition or trend" (Sodexo, 2009). Sodexo has been committed to creating an environment where all employees can become an essential part to the company. The company has also stated, “We have made significant progress in our commitment to diversity and inclusion over the past eight years, making us a benchmark among companies in the U.S.” However, like every company they realize that, “there is still much more to do,” announced by George Chavel, President and Chief Executive Officer (Sodexo, 2010).
Sodexo Efforts in Terms of Diversity (10 questions):
The following 10 questions acted as a guide for my research: 1. What diverse groups make up a large percentage of employees for Sedexo?
Sodexo has an estimated 110,000 employees within the company. The company has more than 6,000 employees in the U.S. alone. Sodexo has been recognized for sixth consecutive years on DiversityInc’s Top 50 list for their continued commitment of hiring diverse employees. DiversityInc has claimed Sodexo to be the best place to work for Asians, minorities, multicultural women, veterans, LBGT and people with disabilities (Sodexo, 2011). The rankings for 2011 diverse employees consisted of #3 for Latinos, # 3 for executive women, #7 for LBGT employees, # 7 for Blacks and #9 for people with disabilities (Sodexo, 2011). In 2011, almost half the college hires were women and more than 40 percent were Black, Latino, Asian or American Indian (Black enterprise, 2011). These groups have become a major asset to Sodexo. More diverse groups are joining Sodexo as the company is continuing to invest internationally, requiring more people to fill the desired positions. 2. Are Sodexo’s employees treated fair within the company?
Sodexo’s company stays true to their ethnical and social responsibilities of providing fair treatment to each employee. Their core value is demonstrated as “team spirit, service spirit and spirit of progress” (Sodexo, W.P., 2012). Sodexo has been committed to embracing and providing support for the needs of their employees. Sodexo has claimed that they respect diversity within their company and strive to push for more diverse applicants to be a part of their team (Yafai, 2009). In the hope to treat each employee fair, Sodexo has accepted policies to protect their employees. They are contributors of the equal employment opportunity policy. This policy protects all aspects of employment such as race, color, religion, sex, pregnancy, national origin, ancestry, citizenship, age, marital status, disability, veteran status, sexual orientation, gender identity, and any other basis (Sodexo, W.S., 2012). These groups are given fair treatment without discrimination throughout such processes as advertising, recruiting, promotion, transfer, compensation, training, termination, and participation in the functions offered. The company holds a strict policy to prohibit any type of harassment to any group listed above (Sodexo, W.S., 2012). The company wants each employee to feel accepted for who they are and the ideas they bring with them. The company has strived to employ dedicated employees and properly place each qualified applicant in positions where they will succeed (Yafai, 2009). The company also is demonstrated to fair treatment in that they follow the affirmative action policy. The company makes it priority to place qualified women and minorities at all levels of the organization (Sodexo, 2010). They believe the increase representation of women and minorities in the workforce, particularly in management positions, will lead to an increase of fair treatment for all employees. They also believe it will benefit outreach for existing and new employees, increase mobility initiatives and annual goals. Sodexo has made it a priority to make all managers aware of these policies. 3. How does Sedexo properly train diverse employees to perform their jobs efficiently?
Sodexo has created a mentor program to help focus on diversity training. Sodexo has become known as implementing “the most well-developed, measurable and effective cross-cultural mentoring program in corporate America.” The mentor program has become known as the “spirit of mentoring.” The three-pronged program objective is to develop and retain a diverse team which focuses on helping employees fulfill their potential (Jennings, 2009). The first program called “Impact” focus on properly training leaders within the company. This program helps leaders with goals and ways to properly manage their team. Their accomplishments and struggles are recorded and discussed at the end of each year on a networking session with top executives. The impact program has worked with and helped over 115 leaders in America and over 500 leaders in Canada in 2010 (Jennings, 2009). The second program is called “Bridge” which is a social network that allows employees to create a profile entitling a list their achievements and levels within the company (Jennings, 2009). This social network helps identify the developmental needs of each employee. It has also been used as a company resume for each employee. This gives leaders the opportunity to look over each employee’s profile when considering the option of in-sourcing. Leaders can comment on an employee’s involvement and ways for improvement on their profile. It also gives employees the opportunity to see where their strengths and weakness are within the company by reviewing attached links of articles that provide guidance and support for all level positions. The third program “Peer2Peer,” allows diverse groups to communicate about their success and ideas in managing and supporting teamwork (Jennings, 2009). This program allows employees to communicate with such groups as African-American, women, LBGT and other diverse groups. This was set up to help individuals within the different company locations to connect, as to create more of a whole feeling for their organization. Sodexo company training programs also cover key aspects within the organization. They focus on such topics such as conflict resolution, respect training for each group, workplace harassment, workplace gender training, disability awareness, cultural diversity and intercultural communication (Jennings, 2009). These programs have helped leaders and employees understand how their efforts contribute to the success of the company and ways that improvement can be made so that employees can perform their jobs more efficiently 4. How has Sedexo recruited effectively targeted diverse groups?
Organizations face competition when trying to attract the best talent to fulfill positions and functions. Sodexo believes it is essential to recruit and retain a diverse group with the right skill. The organization makes it a priority to have flexibility in changing needs for their employees. People appreciate companies that give them some flexibility to juggle their daily lives and work. This has attracted many talented women who have appreciated the flexibility Sodexo allows in giving them time off to have families while still maintaining their position (SODEXO, 2010). The company has one of the highest levels of gender diversity in top level positions. The company strongly believes “a business is only as good as the people it employees, and organizations that attract the best mix of employees, maximize the value of their abilities, develop and motivate them will be the best placed to compete in the business environment” (SODEXO, 2010). As a result of their mission to attract the best talent this company has not only had success in America but in other European countries as well. Sodexo has been known worldwide as providing a working environment where employees can feel included, valued and are rewarded for their talent and skills (Yafai, 2009). Sodexo acknowledges diverse groups as being essential into today’s competitive economy. Sodexo looks to recruit the right people who are capable of using their skills to attract customers. The company has increased its Hispanic group percentage in the past eight years due to the need of communication between English and Spanish speaking customers (SODEXO, 2010). Sodexo is committed to attracting the right talent from all around the world, bringing new groups into the organization. The company has not only successfully attracted different individuals but has also maintained a large percentage of their staff. This is due to them ensuring the needs of the workforce are met. As a result of Sodexo has earned the number 5 spot in 2012 DiversityInc Top 10 companies for recruitment & retention (Sodexo, 2012). 5. How does Sedexo overcome any type diversity bias within the company and what steps were taken to resolve the issues?
Sodexo has created a scorecard that is used to measure as Jodi Davidson, director of diversity stated, “virtually everything diversity related” (SODEXO, 2010). This scorecard has been used for promotions, retention of women, Blacks, Latinos, and Asians. The scorecard also considers other factors as resource-group engagement, mentoring and promotions. Sodexo tries to better equip each employee for success in the company. The company has created diversity training, employee orientation, management/leadership training, sales and communication training (Sodexo, W.P., 2012). These training programs have been design to improve the goals and culture within the organization. These programs have also been used to motivate the behavior change that reduces biased thinking. Sodexo believes that making diversity work is a great resource for avoiding any type of biases. Sodexo persuades employees to avoid using any type of biases by acknowledging the differences each employee offers (Sodexo, W.S., 2012). Sodexo offers a training staff that spends a great deal of time training and making employees aware of biases by engaging them in certain experiences as to show that biases are negative. Sodexo governs the company to make sure that each employee is committed and have continuous training sessions to avoid biases. 6. How has diversity influenced the company’s sales and productivity?
Sodexo has benefit a great deal in sales and productivity due to their commitment to diversity. Sodexo has hired groups from diverse backgrounds to attract a wider range of customers. Sodexo believes having diverse employees can better assist their products or sales to the different customers (Sodexo, 2009). Sodexo has become a global organization where they depend on hiring diverse groups to fulfill positions, better communicate with different customers and to apply their perspectives to resolve issues and improve the quality of products and services (Yafai, 2009). Due to Sodexo global market, they have increased their hiring of people from varied backgrounds, giving them a completive advantage over other companies (Yafai, 2009). Sodexo investment in diversity within their company has resulted in greater profits and earnings. Sodexo also earned the No. 9 spot in DiversityInc top 10 companies for supplier diversity (Sodexo, W.P., 2012). 7. How is Sedexo’s diversity displayed to the media?
Sodexo’s websites display how the organization views the different cultures of people. They provide a video that shows employees talking about how Sodexo has helped them achieve success by supporting their differences and providing them with a flexible work environment and initiatives. Sodexo created a Champions of Diversity program to recognize and help celebrate diverse employees who have contributed to the success of the company. Sodexo is committed to “create and offer services that contribute to a more pleasant way of life for people wherever and whenever they come together” (Sodexo W.P., 2012). Sodexo reaches out to diverse groups to have them join the company. Sodexo offers students opportunities through education and training. Sodexo helps diverse students with the Sodexo Future Leaders Internship Program to “turn their leadership potential into valuable professional experiences, and get a head start on their career” (Sodexo W.P., 2012). Sodexo reaches out to diverse groups through supporting seven charter groups: the African American Leadership Forum; Intergenerational Network Group, Pan Asian Network Group; People Respecting Individuality, Diversity and Equality; Sodexo Organization for disabilities Resources; Sodexo Organization of Latinos; and Women's Network Group (Sodexo W.S., 2012). Sodexo website displays an annual diversity report to describe their work and on they are building on their diverse workplace (Sodexo W.S., 2012). Sodexo two websites focus on the environment Sodexo creates for their employees and how they are constantly seeking diverse individuals to join their organization. 8. How is diversity represented in top level positions?
Sodexo has been committed to improving the diversity at all levels. Especially with leaders, Sodexo has employed Asians, Blacks, Elderly, Latinos and women (Sodexo, W.S., 2012). Over the past decade, Sodexo has made sure that diverse groups make up a large percentage of leaders within the company. This is evident in the year to year increases of these top leadership roles. Since 2011 – 12 the following diverse leaders has increased by 36% more Asian, Blacks and Latinos in top executive levels, 7% more women in top executive levels and 15% more Asians, Blacks and Latinos on board of directors (Sodexo, 2012). Sodexo has also increased its CEO levels since last year. In 2012, twice the percentage of women, triple the percentage of Asian and four times the percentage of Blacks and Latinos have increased for CEO level positions (Sodexo, 2010). Sodexo has made it an importance to have women in leader ship roles (Sodexo, 2009). Women in Sodexo’s workforce make up 44% of the managers, 22% of the Global Executive Committee, 28% of the Board, 23% of the senior managers and 18% of the top 250 executives (Sodexo, 2012). 9. What awards has Sodexo received for their commitment to diversity?
Sodexo has made great advancement in supporting and continuing diversity within the company. Since 2002, Sodexo has earned more than 50 awards and credits in various publications and organizations. These awards have been given to the company due to their leaders, staff and continue effort to support diversity (Sodexo, W.S., 2012). For example in July of 2012 three Sodexo leaders were recognized among the top 100 executives in America (Sodexo, W.P., 2012). Awards that have been due to their commitment to diversity include: * Sodexo Executive Dr. Rohini Anand Honored with Mosaic Woman Leadership Award * Black Enterprise Names Sodexo one of the 40 Best Companies for Diversity for Fourth Consecutive Year (Black enterprise, 2011) * Sodexo named among the Top Companies for Asian Americans in 2005 by Asian Enterprise * Sodexo USA is Named Among Hispanic Magazine's Corporate 100 List of Best Places to Work for Latinos * Sodexo Named to Atlanta Tribune's Top Companies for Minorities
(Sodexo, W.P., 2012)
Sodexo has received such awards because they continue to stay true to their practice of supporting diversity. Many other awards have been given that recognize Sodexo as being the best place to work for minorities, multicultural women, veterans, and people with disabilities (Sodexo, W.S., 2012). Sodexo has partnered with the National Urban League, National Business Council, National Council of La Raza and National Minority Business Roundtable to keep a commitment to these groups (Sodexo, W.P. 2012). Sodexos greatest award was given in 2012, as being ranked as the number two best company to work for in America. This demonstrates full commitment and recognition by the company to be able to place in this spot. On top of this award, in January of 2012, Sodexo accepted the 2012 Catalyst Award that honored the company’s recruitment, development and advancement of women and minorities in the workplace (Sodexo, W.P., 2012). Sodexo was one, of only two companies honored for this award this year. The company believes they received this award due to “our multi-pronged diversity and inclusion strategy that resulted in systemic culture change for the organization” (Sodexo, W.S., 2012) Awards are given to companies that truly practice what they preach. Sodexo has stayed true to their commitment in diversity and have been recognized for them as being ranked among the top ten companies for Latinos, blacks, global diversity, people with disabilities, recruitment & retention, supplier diversity, executive women and LGBT employees (Sodexo, 2010). 10. What lawsuits has Sodexo faced regarding diversity issues within their company?
Sodoxo has had a few lawsuits filed against the company by their workers. The most current lawsuit was in 2011 when food service workers at two Pennsylvania hospitals filed a lawsuit demanding back pay for years of off the clock labor (Allen, 2005). The workers claimed that Sodexo had them work off the clock without pay in order to meet Sodexo unrealistic service goals. Some workers claimed they worked between 15 to 45 minutes off the clock after their shifts and during their unpaid lunch breaks. These workers were making $8.25 an hour, stating that they often struggled to get by on the company’s low wages. One worker stated “Sodexo is trying to squeeze every last dime out of us…I’m struggling to pay for my kids’ health care, and this hugh multi-billion dollar company is cheating me out of my hard earned wages” (Allen, 2005). This lawsuit affected many diverse groups within the company. As a result of this lawsuit Sodexo has agreed to give about 80 current and former employees back wages plus penalties as well as interest and attorney fees (Allen, 2005). Another major lawsuit was filed in 2001 were former and long term Sodexo employees charged the company for discrimination in its promotion decision, starting back in 1998 (Allen, 2005). This lawsuit took several years to settle. Sodexo has taken steps to make the culture more inclusive. Sodexo hired more Human Resources and legal teams to build processes such as training systems, selection systems and a career posting center (Sodexo, 2010). The scorecard was created to measure progress within management and to set targets for representation of women and minorities in these top level positions (Sodexo, 2012). These two lawsuits against the company were Sodexo biggest company complaints. As a result of these two lawsuits, Sodexo has come a long way in improving not only their relations with customers but with the employees they’ve acquired or maintained. The 2001, lawsuit really encouraged Sodexo to implement a diversity training/education, work-life effectiveness programs, mentoring of groups, leadership education, diversity councils and external communications with groups through the company website, employee profiles and annual reports (Sodexo, 2010). Sodexo also hired Jean-Micheal Monnot, to lead the same efforts followed in America to European countries (Sodexo, 2009). CEO Landel stated “It took us a while to understand that beyond the right thing to do, there was a business case for diversity…. A big moment for us was tying diversity to the growth of the company, margin expansion and around our strategy to retain all of our business with our clients (SODEXO, 2010). Sodexo over the past decade has hired hundreds of thousands workers. Sodexo has worked hard to make sure each employee is treated fair and has flexibility between their work and personal life. By 2005, Sodexo started receiving request from clients and other companies asking if Sodexo would share their diversity strides and achievements to help companies to design and implement their strategies (Sodexo, 2009).
Strengths and Weaknesses:
From the question researched regarding Sodexo’s organization, there are some strengths and weaknesses the displayed.
Sodexo strengths include: * providing training programs and mentor systems with career guidance * Large number of Asians, minorities and women in top level positions * Constantly expanding with diverse supplier base * Ranked among top 10 companies for Latinos, blacks, executive women, Asian, LBGT and global diversity * Policies that protect diverse groups in decision makings such as promotions * Women are given the flexibility to take a leave to have families, while still maintain their current position * Contain a large number of Human Resource employees and legal teams
Sodexo weaknesses include: * Minimum information on company’s commitment in community service * Lacks any known Hispanic/GBLT employees in top level positions * Lacked information on how people with disabilities contribute to the company’s success * Had previously issues with low wages and back pay for employees
Conclusion /Recommendations for Change:
All in all Sodexo is a very reputable organization worldwide. They have come a long way in improving the diversity within their company, giving them a more competitive advantage over others. They have incorporated many diverse groups that have brought new skills and thoughts to the positions needed to building relationships customers and staff while maximizing their sales, products and working environment. Sodexo policies require each staff member to understand and appreciate employee differences in order to build a more effective and profitable organization. Mentors are assigned to help peoples personal interest and to help foster their potential in the company. Sodexo properly markets their acceptance of diverse groups along with their products and services that will appeal to a diverse customer base. Sodexo’s company is constantly trying to increase their external/internal interactions and communication their employees and customers. Although Sodexo has done an exceptional job in promoting and motivating diverse groups that join their company, there are some changes that can be made. Sodexo does allow flexibility but they should also include onsite daycare for their employees. This will allow more flexibility for women within the company. Management should be given to more Hispanics and GBLT members. Acceptance of these groups in top level positions will encourage other diverse groups to try and reach these positions. Diverse groups with Sodexo should be incorporated in more community services as to bring teams together to aid in communication. The company displayed little information on people with disability involvements in the company. Sodexo should advertise more on their website in this aspect as to encourage more people with disabilities to join. Sodexo has had issues in the past with low wages and promotions decisions. They have created many policies that have tried to protect employees in decision making process. Sodexo need to demonstrate to new and existing individuals that each member especially minorities and disabled people are always considered for new job opportunities. The importance of wages for certain positions should always be discussed along with the incentives the company can offer to candidates. If Sodexo can make these few changes, they can truly reach the number one spot on the DiversityInc Top 10 Companies.

Similar Documents

Premium Essay

Sodexo Group Assignment

...Analysis of the Case "Sodexo and Principle Financial Group Recognized for the Effective Management of Diversity" DG MGT 312 4/6/2015 University of Phoenix Question 1 To develop a positive attitude towards cultural differences, it is essential to overcome cultural isolation, generating negative reactions. Adaptation and integration in a foreign culture is based not as much on the knowledge of the language, customs, norms, and values, but on a personal interest in understanding one’s values ​​and viewpoints, close emotional contact with the representatives. Thus, in the system of human resource management cultural characteristics of a nation become one of the reserves of the organization, which makes it necessary to objectively consider this range of problems. The main method that the Sodexo uses in the management of the diversity of the company is based on the integration of the one’s (home) and a new culture. This method of the reaction on the multicultural personality, internalized norms and values are managed on the extent in which people perceive others cultures’ as their own one. Due to the globalization of international business, Sodexo pay significant attention to the development of staff in multinational companies and the skills of intercultural sensitivity and adaptability. The company has developed special training programs, which aim to familiarity with the values, attitudes, traditions, religion, norms of behavior accepted in the cultures. According to the...

Words: 1052 - Pages: 5

Premium Essay

Sodexo Case Analysis

...Sodexo Incentives We live in an era where businesses usually compete in a global level to offer the best products or services and they usually rely on their employees to provide them with the expertise and ideas that could be turned into profits, as a result, companies must try to create value to the employees to keep them in the organization, many companies implement incentive programs to retain their best talent. The costs of replacing a valuable employee are usually very high depending on the skills and the profession of the employee, that is why it is very important for companies to have “special benefit packages” to discourage employees from leaving the organization. It is also important to recognize that employees are not only motivated by economic reasons when deciding to stay or leave a job, they also want to feel that they are part of the organization and that their values match that of the organization. People spend a great deal of their time at work and for that reason the organization has to provide the employees with a positive environment where the employee feels satisfy and as a result they are motivated to a better performance. Companies can adopt monetary or non-monetary incentive programs to motivate employees. For many people, money is regarded as a main source of motivation for achieving higher performance, that is why companies implement bonuses and different wage plans to stimulate people to perform at their highest level. They can also have nonmonetary...

Words: 703 - Pages: 3

Free Essay

Financial Analysis Sodexo

...Algemene conclusie Wij kozen ervoor om Sodexo Belguim te analyseren en hierbij waren er enkele dingen die ons opvielen. Sodexo is een bedrijf met een zeer ruim raakvlak met als hoofactiviteit “Quality of Life services”. Iedereen komt meerdere malen per week wel eens in contact met Sodexo. Een voorbeeld hiervan zijn de eetetablissementen op onze eigen school! Laten we ons eerst toespitsen op de liquiditeit. We merken op dat het Netto BedrijfsKapitaal van de eerste 4 boekjaren negatief is en vanaf het 5de boekjaar, namelijk 2013, positief wordt. De netto thesaurie is echter steeds positief doordat er minder nood is aan bedrijfskapitaal. Het current ratio blijft tot aan het 5de besproken boekjaar toe onder de waarde 1. Vanaf dat 5de boekjaar, 2013, stijgt deze tot boven 1. Dit wil zeggen dat er de voorgaande 4 boekjaren onvoldoende aangepaste vlottende activa aanwezig was in de onderneming om het vreemd vermogen op korte termijn volledig te kunnen dekken (VVKT). Met een gemiddelde current-ratio waarde van rond de 0.94 kunnen we in geen geval spreken van een dramatisch tekort aan vlottende activa, maar toch zeker de moeite om op te merken. Sodexo Belguim bevindt zich in een algemeen gezonde liquiditeitspositie vanaf 2013. De waarde van het Quick Ratio blijft gedurende de 5 bekeken boekjaren onder 1, wat erop wijst dat de beperkte Vlottende Activa onvoldoende zijn om het VVKT te dekken. Van een liquiditeitsbuffer is hier geen sprake. De kascyclus bevond zich enkel in de 3 laatste...

Words: 606 - Pages: 3

Free Essay

Revelant Mesoeconoics Indicators of Sodexo

...appeared to be everywhere and now that I need material on it yes I am having trouble relocating. However I did find a very valuable information on the actual cash flow of Sodexo. Now I have been with the company for over five years and being a Government contracted gives Sodexo some upper competitors advantage because their are government bases all over the globe and home attendants needed globally as well as hospitals these establishments, feed on the catering scale is a great demand. Now Renaissance is very popular competitor and although Sodexo or Renaissance will not say or admit it but I shall in all honesty yes Renaissance is overall the better I believe of the two my study and research proves that. To achieve our growth potential in a market estimated at 45 times the size of our current revenues, we have set two objectives. Ensuring the availability of the needed quantity and quality of skilled human. resources to respond to the expectations of our clients and provide innovative solutions. Investing in employee training, at all levels, is a priority, and it represents 10% of the Group’s operational revenue. Be among the global companies most appreciated by its employees. today, 85%* of our employees consider sodexo a better employer than its competitors. Below I located a financial report for Sodexo that just about explains and somes it all in...

Words: 253 - Pages: 2

Premium Essay

Catering Industry and Globalization, Sodexo

...this assignment is made by Asad and Co, freelancers asadnayyar@live.com Sodexo [Name of Writer] [Name of Institution] Sodexo Introduction Our life become more and more hectic and time is a valuable factor of life. People cannot afford anymore to cook their own meals, it is important to have food fast and cheap at work, at school and at social events. This is why catering has become multibillion dollar industry, giving job for thousands of people. Catering is a business of providing foodservice at a certain site such as hotel, school, workplace or other locations. In such a busy environment, people always find ways to wrap up the daily routine things to properly concentration their core jobs. If a person from his native homeland comes to other country and then wants to arrange a party with food according to his motherland, than this catering industry will help him. Because of the diverse market throughout the world, the catering industry is very well accustomed to the traditions of the countries in which they have entered. Here we can see the clear sign of globalization and its impacts on the company like Sodexo. Because of which, we can arrange parties with our cultural food even if we are not in our country. This can be easily expressed in such a way: “Something about others you learn, something about you others learn, that’s how Globalization works and the companies grow.” 1. Customers (segmentation), ...

Words: 2918 - Pages: 12

Free Essay

Sodexo and Principle Financial Group Case Study

...Sodexo and Principle Financial Group Case Study MGT/312 June 22, 2015 Gregory Lucht Sodexo and Principle Financial Group Case Study 1. What are some of the ways that Sodexo effectively manages diversity? Diversity Inc. constructed a list of 440 companies, and of the top fifty Sodexo was ranked number one (George & Jones, 2012, Chapter 4). Sodexo is considered the best company to work for minorities, women, veterans, and people with disabilities and the LGBT community. Diversity and inclusion are critical to the success of an organization through efficiency and effectiveness. Being that a business in any market is competitive, it is important for companies to embrace diverse employees who can provide the company with different perspectives, cultures, and solutions. Sodexo manages diversity through conducting mentoring programs, diversity training, various encouragement, and interaction. Different groups are constructed by managers that consisted of those unlike themselves to provide a place for people who share similar feelings and beliefs to come together. Employees can interact through these affinity groups that will increase cohesiveness, trust, and performance. Though Sodexo encourages managers to construct mentor groups they are also trained to assess the groups in regards to effectiveness (George & Jones, 2012, Chapter 4). “ twenty-five percent of top managers’ bonuses are based on how well they do on diversity initiatives such as the hiring and training...

Words: 1210 - Pages: 5

Premium Essay

Motivation

...White Paper Motivating Employees on a Budget Keeping employees motivated and engaged is more important than ever during tough economic times. This white paper takes you through the dos and don‟ts of incentivising on a budget - how to maintain morale and maximise the return on your investment. During difficult economic conditions, the competition for custom intensifies; customers become far more discretionary in their spending and focus on getting the most out of their money. So it„s essential that employees are motivated to provide the highest levels of service that will set the company apart. Whilst it may be tempting for employers to make a quick saving by cutting the incentives budget, it‟s also a false economy. It‟s important to remember that organisations with effective incentive schemes and high employee engagement consistently and significantly outperform their competitors. Unfortunately over two-thirds of employers report that low staff morale is currently an issue and almost three-quarters realise that they face the problem of re-engaging staff in the organisation.1 Going forward, employers are recognising that employee commitment will be vital if a company‟s performance is to be sustained. A recent survey found that 64% of employers intend to increase their focus on the motivational value of reward programmes over the next 2-3 years.2 It‟s commonly agreed that incentives have a positive and lasting effect on behaviour. One study reported that 75% of employers accept...

Words: 1793 - Pages: 8

Premium Essay

Paradoxical Rhetorical Analysis

...Since its inception in France in 1966, the company has grown to be a multinational facilitator of food services. With a coverage of eighty nations and a representation of one hundred and thirty nations the company has been able to maneuver in different industrial markets to maintain high market capitalization of €6.5 billion. The company led to the creation of its subsidiary, Sodexo Inc. which is fully owned in North America. It houses its headquarters in Gaithersburg, Maryland and legally registered in Delaware. Throughout its operations, Sodexo services private, public and governmental facilities with On-Site Service and motivation solutions. The American subsidiary ensures continued operations in the nation while it publicly trades its collected revenues in France. It manages approximately quarter of the American population with major outsourcing and managerial contracts. Thirty eight percent of its operational activities are generated from the American market despite the financial state of the nation (Jack...

Words: 1241 - Pages: 5

Free Essay

Texaco Lawsuit

...other employees. In what was supposed to be private discussions, senior leaders of the organization were recorded making racial slurs targeted at African American employees and other comments around destroying documentation and other evidence related to the case. These comments were leaked causing a stir in the national media and increased racial tension in the workplace. Unfortunately, in some cases it may take a lawsuit for organizations to implement effect diversity management policies. For example, DiverstyInc (2013) describes how Sodexo implemented stronger and more open lines of communication with employees using a Chief Diversity Officer. In doing so, Sodexo gained a stronger level of trust with its employees. Sodexo also established metrics to continuously monitor diversity to mitigate discrimination. Metrics on demographics on promotions, management positions and senior executive positions provide a mechanism for Sodexo to take a holistic look at the organization for signs of potential discrimination. Booz Allen Hamilton (2013) re-enforces diversity management by incorporating diversity area to monitor during annual 360 degree...

Words: 405 - Pages: 2

Premium Essay

Health and Safety at Work

...MANAGING HEALTH AND SAFETY AT WORK Paul Williams July 8/7/2015 Introduction This assignment is about reviewing health and safety in your workplace * Responsibility and liabilities regarding health and safety at work. * Hazards and risks in relation to health and safety. * Review - safety policies under health and safety at work * Evaluation of health and safety at work. Responsibility and liabilities regarding health and safety in the workplace. The ‘Heath and Safety at Work etc Act 1974’ is the primary piece of legislation covering occupational health and safety in Great Britain. The Act sets out the general duties which employers have towards employees and members of the public, and employees have to themselves and to each other. Another piece of legislation is The Management of Health and Safety at Work Regulations 1999. This regulation requires employers to assess reasonably foreseeable risks in the work place and put in place suitable controls so far as is reasonably practicable. It is an employer’s duty and also duty of care, to protect the health, safety and welfare of their employees and anyone else that may be affected by their business. Currently the management of health and safety and work regulations state that if you have in excess of 5 employees, you must plan organise and control, measure and review the health and safety measures in the workplace. Employers must do whatever is reasonably practicable to achieve this. Employers...

Words: 1625 - Pages: 7

Premium Essay

Preparing to Conduct Business

...4 RES/351 November, 05, 2014 Joydip Barman Preparing to Conduct Business Research Part 1 through 4 Organizations face various problems, issues, and opportunities. Applying the principles of business research allow companies to handle business in a profitable, forward focus manner. The following information Team A will explore the inventory issues facings the food services company Sodexo. The information will begin touring issues, opportunity, and problems facing the organization. Next, the paper will tour the meaning, the possibilities, the greatness, and the prospect of finding an explanation to the issue, opportunity, and problem that Sodexo committee faces in reference inventories. Finally, the report will look into why inventories is an important issue for researching, as well as why the issue can be made better with business research. Describe the selected issue, opportunity, or problem facing the organization. Sodexo is the fifth largest food service contract companies in the United States. The company contracts with services from hospital care to campus dining. Sodexo faces an issue at several accounts with their physical inventory not be reconciled with their computerized inventory applications. Inventories are linked to the financial health of that company contract. In accurate inventory counts can potentially lead to higher cost for the customers and in a worst case scenario it could cause a business that they managed to be non-profitable as a result...

Words: 1828 - Pages: 8

Premium Essay

Understanding Organisations and the Role of Human Resources

...------------------------------------------------- Name: Ine Nurmalasari ------------------------------------------------- ------------------------------------------------- Centre Name: ICS ------------------------------------------------- ------------------------------------------------- ICS Student Number: 20967681 ------------------------------------------------- ------------------------------------------------- CIPD Membership Number: 42454541 ------------------------------------------------- ------------------------------------------------- Qualification Title: Foundation Human Resource Practice ------------------------------------------------- Unit Title: Understanding Organisations and the Role of Human Resources 40552A ------------------------------------------------- Unit Code: 3HRC ------------------------------------------------- Assignment number: 40552/01 First Submission Date | 30-Sep-2014 | Re-submission Date (if Applicable) | 3-Oct-2014 | Word Count | 1,289 | ------------------------------------------------- Candidate declaration: ------------------------------------------------- ‘I confirm that the work/evidence presented for assessment is my own unaided work.’ ------------------------------------------------- ------------------------------------------------- I have read the assessment regulations and understand that if I am found to have ‘copied’ from published work without acknowledgement, or from other candidate’s work, this may be regarded as plagiarism...

Words: 1682 - Pages: 7

Free Essay

Hrm Resource

...business, and many changes in the face of the workforce. We have become a more diversified workforce that we cannot deny. With a more diversified workforce we have seen differing policies to handle the differences in everything from language to religious holiday vacation. But, in having a workplace accommodate for diversity something that we should think of as a luxury, or is it something that is a necessity in today’s workforce? Companies have differing philosophies about almost everything, and accommodating diversity is definitely one of them. Jaya Bohlmann, Vice President of PR at Sodexo states “Diversity is primarily a business requirement — without it, we could not respond correctly to our clients’ needs” (Jacques, 2010). Companies have come to the conclusion that if our country is going to continue to be a diverse and including place, then our businesses must mirror this idea. Like Sodexo, if we see accommodating diversity as a business requirement then we have also made the employee’s interest a business requirement. Employees feel important to the business plan. Pace states that a team cannot be effective without appreciating each other’s individual differences, and showing tolerance to those that are different than ourselves (2006). When employees are looking for that right place to work, they do not want to work for a company that sees accommodating diversity a luxury. Gorki De Los Santos, Communications Manager at Coca Cola believes that diversity has help Coca...

Words: 659 - Pages: 3

Premium Essay

Resume

...guidelines and double examination the work to meet the requirements * Collected and evaluated the comprehensive inventory of the store PROFESSIONAL EXPERIENCE Goodwill Baptist Church, Nacogdoches, TX August 2005-Present Usher, Youth Mentor Managed and organized Youth Day Program for the children since the start of my term. * Displaying great communication skills to greet and lead visitors to the required seating. * Developing after school studies for youth to assist students in comprehending course materials. * Assisting the youth to set school work goals to help further their study habits to enhance school work. * Managing require visitation with the youth to converse with progression matters of course work. Sodexo, Prairie View, TX October 2013- Present Student Worker, Dish room operator * Handled various numbers of tasks to provide an efficient work environment to establish the safety and superiority level of criterions. * Managed a status for on time management at the beginning of dawn to assist the managers right away once I punched in the time clock. * Prepared, service day-to-day dish room operations to conducted students eating arrangements and meet satisfy of the students with properly spotless eating utensils and dishes. * Collected and evaluated the comprehensive inventory of the workplace to ensure all the items is accounted...

Words: 435 - Pages: 2

Free Essay

Materialism

...course, most students from our university come from rich and wealthy families regarding the expensiveness of the tuitions. Thus, they do not care about how hard parents are working for their sake. Their affluence has made their lives comfortable, indeed, nevertheless, what is this wealth really costing parents of AUI’s students- especially AUI learners? Moroccan Capitalism begun to appear in late 60s and the political system reformed and encouraged more the economical trades and ownerships. The idea of wealth grew out of the capitalism concept which is according to Comp² “Our Wealth: Where it is Taking Us?”, “capitalism is a largely system based on consumerism.” Page1 The principle goal of investors that invest in AUI College, such as Sodexo and Newrest serving meals, is to produce many goods and services as, I think it would be better to describe its prices as “cheaxpensive” (which is the mixture between not too cheap but expensive,) as possible and have these products purchased on a continual basis. AUI University is, actually, an unaffordable college for most of Moroccan citizens. Some of the parents are really battling and striving day after day to get money in order to pay their son’s tuitions. Even worse, there are some of the parents that enable themselves to have a loan from the bank in order to pay college for...

Words: 955 - Pages: 4