metro compensation slides

7/30/2019 Metro compensation slides

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Introduction of GroupMembers Muhammad Faisal Zafar

Muhammad Abdullah Qureshi

Rafia Muhammad Tariq Zara Batool


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Company History

Operates more than 600 outlets in 29countries around the globe.

With over 100,000 employees

worldwide.

Company achieved sales of 31.7 billionin 2010.

METRO Cash & Carrys unique business-to-business model are targeted onlytowards professional customers such as

hotels and restaurants as well as smalland mid-sized retailers or institutions.


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METRO in Pakistan

METRO Cash & Carry announced itsoperations in Pakistan in January 2006.

Under the supervision of Managing

Director Mr. Giovanni Soranzo.

METRO Cash & Carry Pakistan hasopened its first store in the city of Lahore

in October 2007.


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Mission Statement

"Metro is a Cash & Carry Distributor forbusinesses and professionals. Metroprovides quality products and business

solutions at the lowest possible prices".


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Introduction of Interviewee

Shahzad Munir

Human Resource Manager

MBA from Punjab university 20 years working experience

Joined Metro Two Months ago


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Question # 1

1)Do you share Job description of acompensation specialist?

Yes , he did share job description of floormanager.


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Question # 2

Does Metro participate in wage surveys?


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Answer # 2

Yes they do to learn about the markettrends, and to analyze that what therecompetitors are paying to theiremployees, but he did not share any

wage survey with us.


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Question # 3

What type of plans are being used inMetro to provide incentive to employees(What is the implementation policy? )


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Answer # 3

Incentives are performance based.

Incentives are in the form of bonuses.

Performance is analyzed on quarterlybasis.

Incentives are not only in monetaryform.


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Question # 4

What is the rate of success of theincentive plans?


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Answer # 4

Internal Promotions

Re-Hiring of Employees


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Question # 5

Criterion for recruitment and selection?


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Answer # 5

Varies from job to job.

Recruitment is done on merit basis.


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Question # 6

What is the job evaluation policy inMetro?


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Answer # 6

They evaluate their employees on thebasis of their Task. The Monthlyperformance reports are prepared. After

evaluation the hardworking employeesare promoted as well as rewarded. Theyconduct 360 appraisal One copy isfilled by the worker and other by the

supervisor, then they have a dialogueabout this.

Metro also have a training staff to train

their existing and new staff.


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Question # 7

Compensation of top managers andlabor?


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Answer # 7

International training for top managers ,and paid holidays for them as well.

For other workers they conduct

Excellence awards every month, lifeinsurance, family insurance, medicalinsurance. Even their part timeemployee is insured.

Souvenirs, names engraved mugs,clocks etc are given to employees,birthday celebration, Meal coupon(Buffet

system).


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Question # 8

How Metro`s Compensation plan isdifferent from other Multi Nationals?


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Answer # 8

Metro`s compensation plan is a bitdifferent because, they focus moretowards intrinsic satisfaction byproviding them non financial benefits like

excellence awards, souvenirs,Insurancepolicy,Parties,Meal Coupons, lucky drawon monthly basis.


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Future Plan

Employee nights

Cricket tournament

Movie in cinema Farm house Party


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Conclusion

The setup of Metro is good andstandardized. They have gainedcompetitive advantage. They have a

good compensation plan, employees arewell motivated. Metro is investing a lot inhuman capital whereas other companiesare going for cost cutting, and this is the

reason of Metro`s success. It also relates to our compensation

lectures, because they offer Merit Base

pay

metro compensation slides

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