...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...
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...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...
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...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...
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...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...
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...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), ...
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...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...
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...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...
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...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...
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...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...
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...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...
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...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...
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...------------------------------------------------- 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...
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...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...
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...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...
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...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...
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