SlideShare una empresa de Scribd logo
1 de 16
Strategic HR and Reinforcement
Verizon India
Company Profile
 Largest wireless and fixed telephone line service
provider company. Started in 1983
 Fortune 15 company and headquartered in New york
 Services
Voice and Data
Info./Dir Publishing
 Products
Handsets
Accessories
Calling cards
Balanced score Card
Balance score card and Employees
 How Verizon implemented
this balance score card to
get the desired behavior
from the employees..??
 The Scorecard was
designed to integrate HR
policies with that of the
business strategy
Balance score card and Employees
Balance Score
Card and
Employees
Total Reward
Concept
Reward System
Baisc Pay
Performance
Pay
Indirect Pay
Motivations and
Enforcements Other Benefits
Total Reward Concept
Non Monetary
People own their
Career
Training and
Development
Flexibility
Work Life
balance
Open Culture &
Security
Job Enrichment
Accountability
Awards &
Recognition
Belongingness
Safety
Monetary
Basic Pay
Performance
bonuses
Profit Sharing
Overtime
Payments
Other Benefits
Total Reward Concept(Non Monetary factors)
 Employees Own Their Career
- IDP (Internal development Plan )
Employees decides how they want to develop in the
organization on their own.
- Company wants workforce to have careers not just
jobs
 Job Enrichment
It includes more challenging task to be included in day to
day task performed by the employee. Lack of interest of
employee due to monotonous job can be avoided by this
method. "CHANGE ENERGIZES US” widely used quotes in
Verizon
 Accountability
Total Reward Concept(Non Monetary factors)
 Training and Development
 Amongst 80 hours of
mandatory training, 40
hours is for technical training
and 40 hours training is up to
an employee what they
want to learn
 Invested more than $280
million in 2012 for learning
and development
 Offered more than 11,000
courses in a variety of
formats, from collaborative
learning in a classroom to
self-directed learning online.
0
10
20
30
40
50
60
70
80
2010 2011 2012
Avg. Training hours
Avg.
Training
hours
Total Reward Concept(Non Monetary factors)
 Flexibility It enables an employee to work as per their
convenience and employees are responsible enough that they
plan in such a way that deliverables will not exceed
timelines.Exm: Work from home facility
 Awards and Recognition
This can be monetary or non monetary.
Few of the awards and recognitions given by
Verizon to its employees are as follows
 On the spot Award
 Credo award
 Best Learner Award
 Best Team Award
 Five years completion Award
Total Reward Concept(Non Monetary factors)
 Diversity
Verizon is improving in terms
of maintaining diversity. It
seeks diversity in terms of
gender, skills etc. So that all
people will get equal
employment opportunity
 Work Life balance
Fun Friday – Every Friday
some games, experience
sharing etc.
Day Care support for Mother
having small Child, Largest
leave provider in Industries
Total Reward Concept(Non Monetary factors)
 Belongingness
 Punch line of Verizon is “WE ARE
VERIZON” from the name itself it gives a
feeling of belongingness
 Verizon seeks advice from its employees
to become a better organization, When
employee take part in this kind of things
they felt proud
 Open Culture and Security
 Verizon prefers open culture in the
organization, any person can meet any
other subordinates, peers of bosses at
any point of time.
 No need to take prior permission or
Total Reward Concept(Non Monetary factors)
 Safety
 Safety is a top priority at Verizon.
They are committed to ensuring
that all employees have a safe
and productive work
environment.
 BE SAFE
 The focus is on raising safety
awareness, encouraging safe
behaviours and creating
personal accountability for safety.
 Ahead in safety across industries
with a standard of 1.35 which is
far better than 2.10 industry
standard
0 5
2010
2011
2012
Injuries and
Illness rate(Per
100 employee)
Injuries
and
Illness
rate(Pe
r 100
employ
ee)
Total Reward Concept(Monetary Factors)
 Basic Pay
A fixed pay that constitutes a standard rate for the job
defined by market pricing
and job evaluation. It helps to establish mutual
commitment in the employment
relationship
 Performance or variable Pay :
 A component of pay that is directly related to work
related behavior of an employee.
Two types of variable pay in Verizon :
 Performance related pay(PRP) – Based on individual
or team performance
 Organization performance pay – Based on the
profitability of the firm like employee
Total Reward Concept(Monetary Factors)
Overtime payments
For employees coming on weekends, regular
payment plus some additional amount of
payment is given by the company
Leave Compensation
Verizon provides highest number of leaves in
the industries. It provides total of 32 leaves.
Leave breakup is as follows
Earned Leaves 18 EL, Casual Leave
12, Floating leave 2
An employee can use this as per the
convenience and they may use it for monetary
benefits if there is some leave available at the
Impact of Total reward Concept
Through Total reward Concept Verizon is
able to integrate Business strategy with HRM
strategy and below results is a proof for the
same..!!  Price
Quality
Last but Surely Not the Least..!!
 Apart from following best practices Verizon is
also doing things which is creating awareness
in society and making the brand value more
credible, more famous. Below is one of such
activities :
Internet Safety Month : Verizon supports
the Family Online Safety Institute's mission to
promote a culture of responsibility online and
encourage a sense of digital citizenship for all.
Watch the Video and Enjoy..!

Más contenido relacionado

La actualidad más candente

2015 Nonprofit Compensation & Benefits Report Overview
2015 Nonprofit Compensation & Benefits Report Overview2015 Nonprofit Compensation & Benefits Report Overview
2015 Nonprofit Compensation & Benefits Report OverviewEdyth Bush Institute
 
Bain & Co. GDRoadshow Presentation
Bain & Co. GDRoadshow PresentationBain & Co. GDRoadshow Presentation
Bain & Co. GDRoadshow PresentationGlassdoor
 
PEO 101: What You Need To Know!
PEO 101: What You Need To Know!PEO 101: What You Need To Know!
PEO 101: What You Need To Know!ADP, LLC
 
2009 nafed compensation & benefits survey questionnaire
2009 nafed compensation & benefits survey questionnaire2009 nafed compensation & benefits survey questionnaire
2009 nafed compensation & benefits survey questionnaireMaruti Honnavarkar
 
Grow with PayScale Insight Expert
Grow with PayScale Insight Expert Grow with PayScale Insight Expert
Grow with PayScale Insight Expert PayScale, Inc.
 
Compensation and Benefit - Security Papers Limited Pakistan
Compensation and Benefit - Security Papers Limited PakistanCompensation and Benefit - Security Papers Limited Pakistan
Compensation and Benefit - Security Papers Limited Pakistangohar Iqbal
 
Achieving HR Excellence: A Global and Evidence-Based View - from May 30 Pres...
Achieving HR Excellence:  A Global and Evidence-Based View - from May 30 Pres...Achieving HR Excellence:  A Global and Evidence-Based View - from May 30 Pres...
Achieving HR Excellence: A Global and Evidence-Based View - from May 30 Pres...Waldron
 
The JMT Network Program - Slide Show
The JMT Network Program - Slide ShowThe JMT Network Program - Slide Show
The JMT Network Program - Slide ShowJohn M. Turner, Ph.D.
 
Compinsense Preso V Feb12
Compinsense Preso V Feb12Compinsense Preso V Feb12
Compinsense Preso V Feb12edrogers
 
Organizational structure with Telenor Structure
Organizational structure with Telenor StructureOrganizational structure with Telenor Structure
Organizational structure with Telenor StructureMuhammad Zeeshan Baloch
 
Direct and Indirect Participation in Change Processes
Direct and Indirect Participation in Change ProcessesDirect and Indirect Participation in Change Processes
Direct and Indirect Participation in Change ProcessesSociotechnical Roundtable
 
Global Sourcing Collaborative Relationships
Global Sourcing Collaborative RelationshipsGlobal Sourcing Collaborative Relationships
Global Sourcing Collaborative RelationshipsJoann Martin
 
Eva And Compensation Management System At Tata Consultancy
Eva And Compensation Management System At Tata ConsultancyEva And Compensation Management System At Tata Consultancy
Eva And Compensation Management System At Tata Consultancytanmayjauhary
 
Compensation Benefit PowerPoint Presentation Slides
Compensation Benefit PowerPoint Presentation Slides Compensation Benefit PowerPoint Presentation Slides
Compensation Benefit PowerPoint Presentation Slides SlideTeam
 
Personalized Workforce Optimization Solutions Just for You
Personalized Workforce Optimization Solutions Just for YouPersonalized Workforce Optimization Solutions Just for You
Personalized Workforce Optimization Solutions Just for YouADP, LLC
 
Compensation And Benefit Chapter 1
Compensation And Benefit Chapter 1Compensation And Benefit Chapter 1
Compensation And Benefit Chapter 1hanyguirgis
 
Outsourcing Challenges
Outsourcing ChallengesOutsourcing Challenges
Outsourcing ChallengesJoann Martin
 

La actualidad más candente (19)

2015 Nonprofit Compensation & Benefits Report Overview
2015 Nonprofit Compensation & Benefits Report Overview2015 Nonprofit Compensation & Benefits Report Overview
2015 Nonprofit Compensation & Benefits Report Overview
 
Bain & Co. GDRoadshow Presentation
Bain & Co. GDRoadshow PresentationBain & Co. GDRoadshow Presentation
Bain & Co. GDRoadshow Presentation
 
PEO 101: What You Need To Know!
PEO 101: What You Need To Know!PEO 101: What You Need To Know!
PEO 101: What You Need To Know!
 
HR Outsourcing
HR OutsourcingHR Outsourcing
HR Outsourcing
 
Hr outsourcing
Hr outsourcingHr outsourcing
Hr outsourcing
 
2009 nafed compensation & benefits survey questionnaire
2009 nafed compensation & benefits survey questionnaire2009 nafed compensation & benefits survey questionnaire
2009 nafed compensation & benefits survey questionnaire
 
Grow with PayScale Insight Expert
Grow with PayScale Insight Expert Grow with PayScale Insight Expert
Grow with PayScale Insight Expert
 
Compensation and Benefit - Security Papers Limited Pakistan
Compensation and Benefit - Security Papers Limited PakistanCompensation and Benefit - Security Papers Limited Pakistan
Compensation and Benefit - Security Papers Limited Pakistan
 
Achieving HR Excellence: A Global and Evidence-Based View - from May 30 Pres...
Achieving HR Excellence:  A Global and Evidence-Based View - from May 30 Pres...Achieving HR Excellence:  A Global and Evidence-Based View - from May 30 Pres...
Achieving HR Excellence: A Global and Evidence-Based View - from May 30 Pres...
 
The JMT Network Program - Slide Show
The JMT Network Program - Slide ShowThe JMT Network Program - Slide Show
The JMT Network Program - Slide Show
 
Compinsense Preso V Feb12
Compinsense Preso V Feb12Compinsense Preso V Feb12
Compinsense Preso V Feb12
 
Organizational structure with Telenor Structure
Organizational structure with Telenor StructureOrganizational structure with Telenor Structure
Organizational structure with Telenor Structure
 
Direct and Indirect Participation in Change Processes
Direct and Indirect Participation in Change ProcessesDirect and Indirect Participation in Change Processes
Direct and Indirect Participation in Change Processes
 
Global Sourcing Collaborative Relationships
Global Sourcing Collaborative RelationshipsGlobal Sourcing Collaborative Relationships
Global Sourcing Collaborative Relationships
 
Eva And Compensation Management System At Tata Consultancy
Eva And Compensation Management System At Tata ConsultancyEva And Compensation Management System At Tata Consultancy
Eva And Compensation Management System At Tata Consultancy
 
Compensation Benefit PowerPoint Presentation Slides
Compensation Benefit PowerPoint Presentation Slides Compensation Benefit PowerPoint Presentation Slides
Compensation Benefit PowerPoint Presentation Slides
 
Personalized Workforce Optimization Solutions Just for You
Personalized Workforce Optimization Solutions Just for YouPersonalized Workforce Optimization Solutions Just for You
Personalized Workforce Optimization Solutions Just for You
 
Compensation And Benefit Chapter 1
Compensation And Benefit Chapter 1Compensation And Benefit Chapter 1
Compensation And Benefit Chapter 1
 
Outsourcing Challenges
Outsourcing ChallengesOutsourcing Challenges
Outsourcing Challenges
 

Destacado

Verizon Strategic Managment Presentation
Verizon Strategic Managment PresentationVerizon Strategic Managment Presentation
Verizon Strategic Managment Presentationmarisaphillips85
 
Mission statement: Verizon VS AT&T
Mission statement: Verizon VS AT&TMission statement: Verizon VS AT&T
Mission statement: Verizon VS AT&TAnna Osmanay
 
Verizon communications inc.
Verizon communications inc.Verizon communications inc.
Verizon communications inc.Haroon Adil
 
mp2 case Human Resource
mp2 case Human Resourcemp2 case Human Resource
mp2 case Human ResourceVikram Dahiya
 
How Balance Scorecard Helps in HR Planning
How Balance Scorecard Helps in HR PlanningHow Balance Scorecard Helps in HR Planning
How Balance Scorecard Helps in HR PlanningSaifur Rahman Samrat
 
HR practices(Training & development) in Motorola
HR practices(Training & development) in MotorolaHR practices(Training & development) in Motorola
HR practices(Training & development) in MotorolaAnjali Mehta
 
HR Practices in "CEMEX Cement Ltd.".
HR Practices in "CEMEX Cement Ltd.".HR Practices in "CEMEX Cement Ltd.".
HR Practices in "CEMEX Cement Ltd.".Farabi Ahmed
 
Dissertation report-on-putting-hr-on-balanced-scorecard-a-case-study-of-verizon1
Dissertation report-on-putting-hr-on-balanced-scorecard-a-case-study-of-verizon1Dissertation report-on-putting-hr-on-balanced-scorecard-a-case-study-of-verizon1
Dissertation report-on-putting-hr-on-balanced-scorecard-a-case-study-of-verizon1Akshay Dhingiya
 
Scorecard 3
Scorecard 3Scorecard 3
Scorecard 3dmdk12
 
HR Practices at SouthWest Airlines
HR Practices at SouthWest AirlinesHR Practices at SouthWest Airlines
HR Practices at SouthWest AirlinesJoel Daniel
 
Verizon wireless company
Verizon wireless companyVerizon wireless company
Verizon wireless companycchagnon09
 
Training And Developing Employees
Training And Developing EmployeesTraining And Developing Employees
Training And Developing Employeesguestc5e027
 
Human Resource Management in Starbucks
Human Resource Management in StarbucksHuman Resource Management in Starbucks
Human Resource Management in StarbucksSzu-Chia Huang
 
Pizza Hut value chain analysis
Pizza Hut value chain analysisPizza Hut value chain analysis
Pizza Hut value chain analysisShubham Singhal
 
HR SCORECARD Human Resource Scorecard PPT Slides
HR SCORECARD Human Resource Scorecard PPT SlidesHR SCORECARD Human Resource Scorecard PPT Slides
HR SCORECARD Human Resource Scorecard PPT SlidesYodhia Antariksa
 
Overview of human resource management system & function
Overview of human resource management  system & functionOverview of human resource management  system & function
Overview of human resource management system & functionRita Choudhary
 
Balanced scorecard ppt slides
Balanced scorecard ppt slidesBalanced scorecard ppt slides
Balanced scorecard ppt slidesYodhia Antariksa
 

Destacado (20)

Verizon Strategic Managment Presentation
Verizon Strategic Managment PresentationVerizon Strategic Managment Presentation
Verizon Strategic Managment Presentation
 
Mission statement: Verizon VS AT&T
Mission statement: Verizon VS AT&TMission statement: Verizon VS AT&T
Mission statement: Verizon VS AT&T
 
Verizon communications inc.
Verizon communications inc.Verizon communications inc.
Verizon communications inc.
 
Capstone Latasha Davis
Capstone Latasha DavisCapstone Latasha Davis
Capstone Latasha Davis
 
mp2 case Human Resource
mp2 case Human Resourcemp2 case Human Resource
mp2 case Human Resource
 
How Balance Scorecard Helps in HR Planning
How Balance Scorecard Helps in HR PlanningHow Balance Scorecard Helps in HR Planning
How Balance Scorecard Helps in HR Planning
 
HR practices(Training & development) in Motorola
HR practices(Training & development) in MotorolaHR practices(Training & development) in Motorola
HR practices(Training & development) in Motorola
 
HR Practices in "CEMEX Cement Ltd.".
HR Practices in "CEMEX Cement Ltd.".HR Practices in "CEMEX Cement Ltd.".
HR Practices in "CEMEX Cement Ltd.".
 
Dissertation report-on-putting-hr-on-balanced-scorecard-a-case-study-of-verizon1
Dissertation report-on-putting-hr-on-balanced-scorecard-a-case-study-of-verizon1Dissertation report-on-putting-hr-on-balanced-scorecard-a-case-study-of-verizon1
Dissertation report-on-putting-hr-on-balanced-scorecard-a-case-study-of-verizon1
 
Scorecard 3
Scorecard 3Scorecard 3
Scorecard 3
 
HR Practices at SouthWest Airlines
HR Practices at SouthWest AirlinesHR Practices at SouthWest Airlines
HR Practices at SouthWest Airlines
 
Verizon wireless company
Verizon wireless companyVerizon wireless company
Verizon wireless company
 
Training And Developing Employees
Training And Developing EmployeesTraining And Developing Employees
Training And Developing Employees
 
Starbucks Hr
Starbucks HrStarbucks Hr
Starbucks Hr
 
Human Resource Management in Starbucks
Human Resource Management in StarbucksHuman Resource Management in Starbucks
Human Resource Management in Starbucks
 
The Best HR Practices
The Best HR PracticesThe Best HR Practices
The Best HR Practices
 
Pizza Hut value chain analysis
Pizza Hut value chain analysisPizza Hut value chain analysis
Pizza Hut value chain analysis
 
HR SCORECARD Human Resource Scorecard PPT Slides
HR SCORECARD Human Resource Scorecard PPT SlidesHR SCORECARD Human Resource Scorecard PPT Slides
HR SCORECARD Human Resource Scorecard PPT Slides
 
Overview of human resource management system & function
Overview of human resource management  system & functionOverview of human resource management  system & function
Overview of human resource management system & function
 
Balanced scorecard ppt slides
Balanced scorecard ppt slidesBalanced scorecard ppt slides
Balanced scorecard ppt slides
 

Similar a HR Strategies Boost Verizon Performance

Reward Management System
Reward Management SystemReward Management System
Reward Management SystemTiffany Surratt
 
Liberty power -final_ppt
Liberty power -final_pptLiberty power -final_ppt
Liberty power -final_pptclaurealt
 
Compensation Management
Compensation ManagementCompensation Management
Compensation ManagementFarhan Akhtar
 
20 tools for attrition
20 tools for attrition20 tools for attrition
20 tools for attritionRajThilak
 
Incentives and Fringe benefits in HRM
Incentives and Fringe benefits in HRMIncentives and Fringe benefits in HRM
Incentives and Fringe benefits in HRMPuneet Sachdeva
 
Basics of compensation
Basics of compensationBasics of compensation
Basics of compensationPravin Kumar
 
Compensation Management full details management
Compensation Management full details managementCompensation Management full details management
Compensation Management full details managementRajeshKumarRout11
 
cmpensation final report
cmpensation final reportcmpensation final report
cmpensation final reportSazia Ahmed
 
Reward management ( part 1 )
Reward management ( part 1 )Reward management ( part 1 )
Reward management ( part 1 )Min Khaung
 
compensation-120408054457-phpapp02.pdf
compensation-120408054457-phpapp02.pdfcompensation-120408054457-phpapp02.pdf
compensation-120408054457-phpapp02.pdfMarkAngeloGasesTV
 
certified compensation and benefits manager sample-material
certified compensation and benefits manager sample-materialcertified compensation and benefits manager sample-material
certified compensation and benefits manager sample-materialVskills
 
HRM(human resourse management )
HRM(human resourse management )HRM(human resourse management )
HRM(human resourse management )iqra ishfaq
 
Should You Use a Professional Employer Organization? Top Factors to Consider
Should You Use a  Professional Employer Organization? Top Factors to ConsiderShould You Use a  Professional Employer Organization? Top Factors to Consider
Should You Use a Professional Employer Organization? Top Factors to ConsiderInsideUp
 

Similar a HR Strategies Boost Verizon Performance (20)

Reward Management System
Reward Management SystemReward Management System
Reward Management System
 
Compensation system
Compensation systemCompensation system
Compensation system
 
Liberty power -final_ppt
Liberty power -final_pptLiberty power -final_ppt
Liberty power -final_ppt
 
Role of Compensation in Organisation, Non-financial Compensation System and C...
Role of Compensation in Organisation, Non-financial Compensation System and C...Role of Compensation in Organisation, Non-financial Compensation System and C...
Role of Compensation in Organisation, Non-financial Compensation System and C...
 
Compensation Management
Compensation ManagementCompensation Management
Compensation Management
 
compensation.pptx
compensation.pptxcompensation.pptx
compensation.pptx
 
20 tools for attrition
20 tools for attrition20 tools for attrition
20 tools for attrition
 
Incentives and Fringe benefits in HRM
Incentives and Fringe benefits in HRMIncentives and Fringe benefits in HRM
Incentives and Fringe benefits in HRM
 
Basics of compensation
Basics of compensationBasics of compensation
Basics of compensation
 
Compensation Management full details management
Compensation Management full details managementCompensation Management full details management
Compensation Management full details management
 
Compensation ppt
Compensation pptCompensation ppt
Compensation ppt
 
cmpensation final report
cmpensation final reportcmpensation final report
cmpensation final report
 
Reward Management
Reward ManagementReward Management
Reward Management
 
Reward management ( part 1 )
Reward management ( part 1 )Reward management ( part 1 )
Reward management ( part 1 )
 
compensation-120408054457-phpapp02.pdf
compensation-120408054457-phpapp02.pdfcompensation-120408054457-phpapp02.pdf
compensation-120408054457-phpapp02.pdf
 
certified compensation and benefits manager sample-material
certified compensation and benefits manager sample-materialcertified compensation and benefits manager sample-material
certified compensation and benefits manager sample-material
 
Compensation management
Compensation managementCompensation management
Compensation management
 
HRM(human resourse management )
HRM(human resourse management )HRM(human resourse management )
HRM(human resourse management )
 
compensation
compensationcompensation
compensation
 
Should You Use a Professional Employer Organization? Top Factors to Consider
Should You Use a  Professional Employer Organization? Top Factors to ConsiderShould You Use a  Professional Employer Organization? Top Factors to Consider
Should You Use a Professional Employer Organization? Top Factors to Consider
 

Último

8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCRashishs7044
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfpollardmorgan
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Seta Wicaksana
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...lizamodels9
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...lizamodels9
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadIslamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadAyesha Khan
 
Future Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionFuture Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionMintel Group
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...lizamodels9
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Timedelhimodelshub1
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby AfricaKenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africaictsugar
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...ictsugar
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...lizamodels9
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfJos Voskuil
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaoncallgirls2057
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...ssuserf63bd7
 

Último (20)

8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in IslamabadIslamabad Escorts | Call 03070433345 | Escort Service in Islamabad
Islamabad Escorts | Call 03070433345 | Escort Service in Islamabad
 
Future Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted VersionFuture Of Sample Report 2024 | Redacted Version
Future Of Sample Report 2024 | Redacted Version
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Time
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 
Kenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby AfricaKenya’s Coconut Value Chain by Gatsby Africa
Kenya’s Coconut Value Chain by Gatsby Africa
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
 
Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...
 

HR Strategies Boost Verizon Performance

  • 1. Strategic HR and Reinforcement Verizon India
  • 2. Company Profile  Largest wireless and fixed telephone line service provider company. Started in 1983  Fortune 15 company and headquartered in New york  Services Voice and Data Info./Dir Publishing  Products Handsets Accessories Calling cards
  • 4. Balance score card and Employees  How Verizon implemented this balance score card to get the desired behavior from the employees..??  The Scorecard was designed to integrate HR policies with that of the business strategy
  • 5. Balance score card and Employees Balance Score Card and Employees Total Reward Concept Reward System Baisc Pay Performance Pay Indirect Pay Motivations and Enforcements Other Benefits
  • 6. Total Reward Concept Non Monetary People own their Career Training and Development Flexibility Work Life balance Open Culture & Security Job Enrichment Accountability Awards & Recognition Belongingness Safety Monetary Basic Pay Performance bonuses Profit Sharing Overtime Payments Other Benefits
  • 7. Total Reward Concept(Non Monetary factors)  Employees Own Their Career - IDP (Internal development Plan ) Employees decides how they want to develop in the organization on their own. - Company wants workforce to have careers not just jobs  Job Enrichment It includes more challenging task to be included in day to day task performed by the employee. Lack of interest of employee due to monotonous job can be avoided by this method. "CHANGE ENERGIZES US” widely used quotes in Verizon  Accountability
  • 8. Total Reward Concept(Non Monetary factors)  Training and Development  Amongst 80 hours of mandatory training, 40 hours is for technical training and 40 hours training is up to an employee what they want to learn  Invested more than $280 million in 2012 for learning and development  Offered more than 11,000 courses in a variety of formats, from collaborative learning in a classroom to self-directed learning online. 0 10 20 30 40 50 60 70 80 2010 2011 2012 Avg. Training hours Avg. Training hours
  • 9. Total Reward Concept(Non Monetary factors)  Flexibility It enables an employee to work as per their convenience and employees are responsible enough that they plan in such a way that deliverables will not exceed timelines.Exm: Work from home facility  Awards and Recognition This can be monetary or non monetary. Few of the awards and recognitions given by Verizon to its employees are as follows  On the spot Award  Credo award  Best Learner Award  Best Team Award  Five years completion Award
  • 10. Total Reward Concept(Non Monetary factors)  Diversity Verizon is improving in terms of maintaining diversity. It seeks diversity in terms of gender, skills etc. So that all people will get equal employment opportunity  Work Life balance Fun Friday – Every Friday some games, experience sharing etc. Day Care support for Mother having small Child, Largest leave provider in Industries
  • 11. Total Reward Concept(Non Monetary factors)  Belongingness  Punch line of Verizon is “WE ARE VERIZON” from the name itself it gives a feeling of belongingness  Verizon seeks advice from its employees to become a better organization, When employee take part in this kind of things they felt proud  Open Culture and Security  Verizon prefers open culture in the organization, any person can meet any other subordinates, peers of bosses at any point of time.  No need to take prior permission or
  • 12. Total Reward Concept(Non Monetary factors)  Safety  Safety is a top priority at Verizon. They are committed to ensuring that all employees have a safe and productive work environment.  BE SAFE  The focus is on raising safety awareness, encouraging safe behaviours and creating personal accountability for safety.  Ahead in safety across industries with a standard of 1.35 which is far better than 2.10 industry standard 0 5 2010 2011 2012 Injuries and Illness rate(Per 100 employee) Injuries and Illness rate(Pe r 100 employ ee)
  • 13. Total Reward Concept(Monetary Factors)  Basic Pay A fixed pay that constitutes a standard rate for the job defined by market pricing and job evaluation. It helps to establish mutual commitment in the employment relationship  Performance or variable Pay :  A component of pay that is directly related to work related behavior of an employee. Two types of variable pay in Verizon :  Performance related pay(PRP) – Based on individual or team performance  Organization performance pay – Based on the profitability of the firm like employee
  • 14. Total Reward Concept(Monetary Factors) Overtime payments For employees coming on weekends, regular payment plus some additional amount of payment is given by the company Leave Compensation Verizon provides highest number of leaves in the industries. It provides total of 32 leaves. Leave breakup is as follows Earned Leaves 18 EL, Casual Leave 12, Floating leave 2 An employee can use this as per the convenience and they may use it for monetary benefits if there is some leave available at the
  • 15. Impact of Total reward Concept Through Total reward Concept Verizon is able to integrate Business strategy with HRM strategy and below results is a proof for the same..!!  Price Quality
  • 16. Last but Surely Not the Least..!!  Apart from following best practices Verizon is also doing things which is creating awareness in society and making the brand value more credible, more famous. Below is one of such activities : Internet Safety Month : Verizon supports the Family Online Safety Institute's mission to promote a culture of responsibility online and encourage a sense of digital citizenship for all. Watch the Video and Enjoy..!