The Hershey Company Presentation

  • This presentation will describe the organization
  • The current challenges facing the organization and future expected problems
  • The presentation will determine the capabilities of the organization and the competencies necessary for its success
  • The report will also study and report on the existing total rewards program.
  • The presentation will also explore the existing metrics in the organization.

 

  • The Hershey Company is one of the largest chocolate producers worldwide. It is an American company founded on February 9th, 1894 in Derry Township by Milton Hershey.
  • The founder received help from consumers, community, shareholders, and children when starting the company. It has however faced a lot of criticism due to the presence of underage employees.
  • The company, however, inspires and rewards its employees through total rewards programs which motivate their loyalty and commitment. Hershey has more than 13,000 employees and with a focus on growing its presence over the world as the biggest sugar confectionary producer.
  • With a presence in more than 90 nations, the company has seen annual growth of 20%.

 

 

  • Quality products
  • Affordable products
  • A large variety of products
  • Loyal customers
  • International Brand
  • Still growing after all these years

 

  • Customer oriented.
  • Community driven.
  • Effective team builders.
  • High ethics and values.
  • Priority setting.
  • Decision makers.

 

  • Delays in their automated ordering and distribution system can cause snarls in the delivery due to spot shortages of Hershey’s candy and the high cost of operation.
  • Constant change is a challenge that Hershey could face to keep up with technology because there are numerous modern methods of making chocolate. Technology is useful from the beginning of the chocolate making process up to the consumer.
  • Knowing how to use telecommunication in a way that will benefit the company on a global scale is a technological challenge for the company.

 

  • Implementation of innovative technologies in the handling of milk and cocoa products is a challenge that the company needs to address.
  • There is growing competition from other candy producers such as Cadbury which pose a threat to the Market share of Hershey.

 

  • A total rewards program is a description of the tools accessible to an employer which may be used to attract, motivate or retrain employees.
  • It is a reward strategy that includes the investments made by an organization in its workforce.
  • The purpose of a total reward program is to motivate employees to perform better toward specific business goals.

 

  • The company offers its employees a total compensation package in which individuals choose the best plan for themselves.
  • The employees receive recognition and rewards for outstanding performance.
  • Through the “Partners in Privileges” program, employees receive a portion of the profits which exceed the budget after a successful year.
  • The company also offers the employees opportunities for professional growth through an in-house training team.

 

  • The Hershey company evaluates its competitive level frequently through specific program evaluation tools such as offer acceptance rates and salary range exceptions and commensuration with industry averages.
  • The company uses the method of compensation costs per dollar of profit to get the whole picture, including quantity, quality, time, value and effectiveness.
  • Compensation costs per dollar of revenue is also used to develop a benchmark to use for evaluating progress towards a performance goal.

 

  • The company has a committed workforce whose qualities and efforts are crucial to customer retention.
  • However, Hershey currently faces some challenges related to technology which need to be addressed to avoid the same in future.
  • In summary, the Hershey Company offers its employees a diverse total rewards program from which the employees have to choose the plan of their preference.

According to the metrics existing currently in the company, the total reward programs are working.

Do you need high quality Custom Essay Writing Services?

Custom Essay writing Service