The document discusses HR practices at FedEx, including recruitment and selection, training and development, performance management and communication, and employee retention. It provides details on each of these functions and their importance. FedEx emphasizes training employees and providing benefits to motivate performance and reduce turnover. The document also briefly introduces competitors DHL and UPS and recommends ways for FedEx to further improve employee retention, such as providing childcare services.
Mastering Vendor Selection and Partnership Management
Human Resource Management of FedEx
1. HR PRACTICES
• HRM FUNCTION IS PLANNING, STAFFING, CONTROLLING, LEADING AND
ORGANIZING.
• FUNCTIONS OF HRM :
RECRUITMENT & SELECTION
TRAINING & DEVELOPMENT
PERFORMANVE MANAGEMENT& COMMUNICATION
EMPLOYEE RETENTION
2. FEDEX BACKGROUND
• WAS ESTABLISHED IN 1971 BY FREDERICK W. SMITH
• OFFICIALLY BEGAN OPERATION ON 19TH APRIL 1971 WITH ONLY 389 MEMBERS
• NOW DELIVER 7,500,000 & MORE PACKAGES DAILY MORE THAN 220
COUNTRIES
3. RECRUITMENT & SELECTION
A SET OF ACTIVITIES TAKEN BY COMPANY TO GET POTENTIAL CANDIDATES
WITH SKILLS, KNOWLEDGE & EXPERIENCE NEEDED FOR JOB (FLOREA & MIHAI,
2014)
HUMAN CAPITAL THEORY- PEOPLE WITH SKILL, ABILITY & EXPERIENCE
COULD BE CONTRIBUTION FOR ORG SUCCESS (ARMSTRONG,2006)
FEDEX SEE EMPLOYEE AS ASSET
IMPORTANCE: COST EFFECTIVENESS, RETENTION, LOYALTY &
PRODUCTIVITY
4. TRAINING & DEVELOPMENT
TRAINING - METHODS USED TO GIVE NEW/PRESENT EMPLOYEES THE SKILLS
THEY NEED TO PERFORM THEIR JOB (STOREY, 1994)
HERZBERG THEORY-HELP DEVELOP THEIR SKILLS
FEDEX GOT CUSTOMER SATISFACTION – PROVIDING SERVICE & INCREASE
PRODUCTIVITY
PROVIDE TRAINING TO DEBELOP NEW SKILLS WITH CBU COMPANY IN IT &
MANAGEMENT SKILLS
MCCELLAND THEORY- POWER & AFFILIATION IMPORTANT TO MOTIVATE
EVERY 6 MONTHS FEDEX CONDUCT JOB KNOWLEDGE TESTING PROGRAM
5. TRAINING & DEVELOPMENT
IMPORTANCE
TRAINING – EMPLOYEE BE EFFICIENT & JOB COST REDUCED
ADV:
PERFORMANCE & PRODUCTIVITY INCREASE
FEDEX- UNDERGO PROGRAM TO TEACH PROCEDURES & POLICIES
“THE HIRE ORIENTATION KIT” GUIDE MANAGER FOR EMPLOYEE IN
ORIENTATION PROCESS
6. PERFORMANCE MANAGEMENT &
COMMUNICATION
PERFORMANCE MANAGEMENT: CONTINUOUS PROCESS OF IDENTIFY,
MEASURE & DEVELOP INDIVIDUAL PERFORMANCE & ALIGN WITH ORG GOAL
(AGUINIS, 2009)
COMMUNICATION: 2 WAY COMMUNICATION BETWEEN EMPLOYEE &
MANAGEMENT
GOAL SETTING THEORY- SETTING GOAL & ITS IMPORTANCE TO HELP
EMPLOYEE PERFORMANCE
EXPECTANCY THEORY- EMPLOYEES’ BEHAVIOUR & HOWTHEY ADAPT TO GET
MAX SATISFACTION LEVEL FROM GOALS
7. PERFORMANCE MANAGEMENT &
COMMUNICATION
IMPORTANCE:
HELP TO ACHIEVE GOAL & OBJ
PROVIDE VITAL INFORMATION IN DECISION MAKING TO ADMIN MATTER
GIVE EMPLOYEE CLEAR PICTURE OF SUPERVISOR EXPECTATION
ADV:
SURVEY, FEEDBACK & ACTION (SFA) – PROVIDE FEEDBACK IN MANAGEMENT
OPEN DOOR POLICY – SUBMIT CONCERN THRU ONLINE
8. EMPLOYEE RETENTION:
COMPENSATION
REWARD PROVIDED TO EMPLOYEE FOR THEIR SERVICES
MASLOW THEORY – HUMAN LIVE WITH 5 NEEDS (SELF-ACTUALIZATION, SELF-
ESTEEM, SOCIAL, SECURITY & PHYSIOLOGICAL)
FEDEX: COMPENSATION PLANS (SALARY INCREMENT) AND FIVE STAR
AWARD
IMPORTANCE:
MOTIVATED TO STAY IN ORG
PERFORM BETTER TO BE RECOGNISED
HEALTHY COMPETITION WITHIN EMPLOYEE
PROVIDE WAY FOR CAREER ADVANCEMENT
12. COMPETITORS INTRODUCTION
DHL
FOUNDED IN 1969
ADRIAN DALSEY, LARRY HILLBLOM &
ROBERT LYNN
220 COUNTRIES, MORE THAN
325,000 EMPLOYEE
VISION OF “ THE LOGISTICS
COMPANY OF THE WORLD”
UPS
FOUNDED IN 1907
JAMES E
200 COUNTRIES
AIM IS TO GROW BUSINESS BY
LOOKING EMPLOYEE NEEDS &
GROW IN FINANCIAL STABILITY AREA
17. FEDEX’S COMPETITIVE EDGE
PEOPLE-SERVICE-PROFIT (1973) – TO TAKE CARE OF EMPLOYEE TO GET
BETTER SERVICES
REWARDS EMPLOYEE WITH RECOGNITION AWARD – FIVE STAR & GOLDEN
FALCON AWARD
BENEFITS – EDUCATION SUBSIDY, TRAVEL DISCOUNT & SHIPPING,
FUTURE PLAN HELP - RETIREMENT PLAN
BEST COMPANIES TO WORK IN US IN 2008 RECOGNITION
18. RECOMMENDATION
• CHILD / OLD PARENT CARE SERVICE
• HARVARD MEDICAL SCHOOL – NURSING
HOME FACILITIES FOR OLD PARENT
• IBM - $50MIL DEVELOP CHILDCARE FACILITIES
• CHANCE FOR DISABLE CANDIDATE
• IBM – HIRE FOR PROJECTS SPECIALISED FOR
DISABLE APPLICANTS
19. CONCLUSION
• IMPORTANT AS IT AFFECTS OVERALL
COMPANY PERFORMANCE
• EFFECTIVE EMPLOYEE RETENTION & LOW
TURNOVER RATE FOR 7%
• ENCOURAGE PROMOTION WITHIN
ORGANIZATION
• TRANSPARENT COMMUNICATION
• TRAINING TO HELP DEVELOP SKILLS &
PERFORM BETTER
• OVERALLSUCCESS AS EMPLOYEE-FRIENDLY &
SERVICE ORIENTED ORG