SlideShare a Scribd company logo
Slide 1: Hi! My name is Danielle Regoni, and this is my presentation regarding the CVS Health
Corporation and current human resources practices and concerns
Slide 2: CVS was established as a family-owned convenience store in Rhode Island in 1963, and
since has grown into a multi-national corporation with over 7800 locations and over 218,000
employees. Today, CVS faces strong competition from similar retail pharmaceutical stores such
as Walgreens, Rite-Aid, and privately owned stores
Slide 3: Over the past several years, CVS has experienced larger than average growth. This is
due to several factors, such as greater offerings of generic pharmaceuticals and the growing
number of American citizens with healthcare coverage.
Slide 4: Currently, CVS consists of 3 distinct lines of business: corporate headquarters,
pharmacy services, and retail departments. Generally speaking, each store location consists of
general management who are responsible for the overall store, and separate department managers
for the pharmacy and retail divisions.
Slide 5: The online employer-rating platform Glassdoor.com has consistently rated CVS as “one
of the worst places to work” for several years. Employees have expressed many concerns
regardless of store location that can be placed into 2 main categories: concerns regarding the
high-stress work environment and concerns regarding feelings of being “undervalued” by the
company as a whole. These serious concerns should be addressed by CVS’ human resources
department, and will be addressed throughout the rest of this presentation.
Slide 6: Regarding selection of new employees, CVS already utilizes a variety of assessment
methods to employ high-quality candidates, and the majority of CVS’ current HR concerns
revolve around problems with retention, not candidate selection. Therefore, no changes need to
me made with the selection process at this time.
Slide 7: On this slide, CVS’ current benefits offerings are highlighted in red, and suggestions for
additional employee benefits are listed in black. It is important to note that some of the current
benefits offerings, such as opportunities for advancement & pay increases, wellness programs,
and tuition reimbursement are highly limited, and should be enhanced.
Slide 8: CVS’ current performance review strategy, denoted in red, consists solely of an annual
review with slight pay increase for receiving the highest designation of “Outstanding
Performance.” However, it is suggested that for newly hired employees, the review process
should consist of more than one formal review during the first year. Additionally, CVS
management needs to foster more open communication to provide greater feedback to all
employees throughout the year. Also, CVS currently does not utilize any goal-setting, employee
recognition programs, or other rewards for goal achievement. Including such practices would
significantly assist in helping employees feel more valued within the company.
Slide 9: The current training process at CVS could be described as “rapid on-boarding,” in which
employees are expected to become highly productive very quickly. However, employees at CVS
have repeatedly expressed concerns that these training practices are not adequately preparing
them for work expectations. Therefore, significant changes should be made to the training
process including: company orientation, extensive customer service training, extensive job-task
training, & periodic review of company procedures.
Slide 10: The 1st of 2 major HR concerns at CVS revolve around the high-stress environment in
which employees work. If no actions are taken by leadership, the company will continue to
experience high rates of turnover, as well as low task performance, high absenteeism, job
dissatisfaction, and burnout.
Slide 11: By creating an extensive expansion in the number of store workers, CVS could
effectively address a number of current employee concerns including: long work shifts with
inadequate breaks, feeling ill-equipped to handle the high volume of customers, and struggles
with handling customers and additional work tasks. Additionally, CVS should consider
enhancing their wellness programs to include stress relief sessions, such as: techniques for
handling stress and yoga or meditation classes.
Slide 12: The 2nd major HR concern within CVS stems from the employees’ feelings of lack of
value within the company. This also leads to high absenteeism, high turnover, lack of
motivation, and job dissatisfaction. A number of successful methods can be implemented to
instill feelings of value within the company. These include employee recognition and incentive
programs.
Slide 13: Currently, CVS contracts with a firm called “EthicsPoint” to provide an anonymous
hotline for employees to report any concerns. However, if this method is not able to enact
change within the company, then this procedure is highly ineffective. Instead, CVS should
consider implementing more channels of open communication among employees at all levels,
such as through instituting an open-door policy.
Slide 14: Despite CVS’ tremendous growth in recent years, the company continues to experience
high employee turnover and high levels of job dissatisfaction. Unfortunately, the concerns
expressed by multitudes of employees appear to have fairly straightforward solutions that the
company should consider implementing. Thank you for your time!

More Related Content

Similar to Presentation speaking notes

10 Customer Acquisition and Relationship ManagementDmitry .docx
10 Customer Acquisition and Relationship ManagementDmitry .docx10 Customer Acquisition and Relationship ManagementDmitry .docx
10 Customer Acquisition and Relationship ManagementDmitry .docx
christiandean12115
 
10 Customer Acquisition and Relationship ManagementDmitry .docx
10 Customer Acquisition and Relationship ManagementDmitry .docx10 Customer Acquisition and Relationship ManagementDmitry .docx
10 Customer Acquisition and Relationship ManagementDmitry .docx
trippettjettie
 
The Compression Session
The Compression SessionThe Compression Session
The Compression Session
PayScale, Inc.
 
Services Marketing - Service Encounter Failure & Recovery
Services Marketing - Service Encounter Failure & RecoveryServices Marketing - Service Encounter Failure & Recovery
Services Marketing - Service Encounter Failure & Recovery
Himansu S Mahapatra
 
Attrition control and retention strategies for changing times
Attrition control and retention strategies for changing timesAttrition control and retention strategies for changing times
Attrition control and retention strategies for changing times
Pranav Kumar Ojha
 
Remuneration and Incentive Planning
Remuneration and Incentive PlanningRemuneration and Incentive Planning
Remuneration and Incentive Planning
Craig West
 
Innovative employee compensation_methods_to_motivate_employees
Innovative employee compensation_methods_to_motivate_employeesInnovative employee compensation_methods_to_motivate_employees
Innovative employee compensation_methods_to_motivate_employees
chantirayala
 
BALANCED SCORECARD 2Daniel OrtizStrategic .docx
BALANCED SCORECARD 2Daniel OrtizStrategic .docxBALANCED SCORECARD 2Daniel OrtizStrategic .docx
BALANCED SCORECARD 2Daniel OrtizStrategic .docx
rock73
 
Ring central engage-whitepaper-empowering-agents
Ring central engage-whitepaper-empowering-agentsRing central engage-whitepaper-empowering-agents
Ring central engage-whitepaper-empowering-agents
ClubCX
 
WEIGHING YOUR CAREER OPTIONS: A LEAN SIX SIGMA APPROACH TO SELECTING THE BEST...
WEIGHING YOUR CAREER OPTIONS: A LEAN SIX SIGMA APPROACH TO SELECTING THE BEST...WEIGHING YOUR CAREER OPTIONS: A LEAN SIX SIGMA APPROACH TO SELECTING THE BEST...
WEIGHING YOUR CAREER OPTIONS: A LEAN SIX SIGMA APPROACH TO SELECTING THE BEST...
Kelly Services
 
Small Business Consulting Report I. INTRODUCTION In this sma.docx
Small Business Consulting Report I. INTRODUCTION In this sma.docxSmall Business Consulting Report I. INTRODUCTION In this sma.docx
Small Business Consulting Report I. INTRODUCTION In this sma.docx
jennifer822
 
Running headWORKING IN TEAMS 1PAGE .docx
Running headWORKING IN TEAMS          1PAGE  .docxRunning headWORKING IN TEAMS          1PAGE  .docx
Running headWORKING IN TEAMS 1PAGE .docx
anhlodge
 
Dependent Verification: What You Don't Know Can Hurt You
Dependent Verification: What You Don't Know Can Hurt YouDependent Verification: What You Don't Know Can Hurt You
Dependent Verification: What You Don't Know Can Hurt You
Hodges-Mace
 
Onboarding 101: Why Customer Onboarding Matters More Than You Think
Onboarding 101: Why Customer Onboarding Matters More Than You ThinkOnboarding 101: Why Customer Onboarding Matters More Than You Think
Onboarding 101: Why Customer Onboarding Matters More Than You Think
Sogolytics
 
Attrition Control and Retention Strategies for Changing times.ppt
Attrition Control and Retention Strategies for Changing times.pptAttrition Control and Retention Strategies for Changing times.ppt
Attrition Control and Retention Strategies for Changing times.ppt
AshrafUC1
 
Siva0088
Siva0088Siva0088
Pay-for-Performance.pptx
Pay-for-Performance.pptxPay-for-Performance.pptx
Pay-for-Performance.pptx
JeromeFormalejo2
 
Revolutionising HR in Healthcare - a real life example
Revolutionising HR in Healthcare - a real life exampleRevolutionising HR in Healthcare - a real life example
Revolutionising HR in Healthcare - a real life example
Siddharth S. N.
 
Business Ethics Governance & Risk - A - ST.docx
Business Ethics Governance & Risk - A - ST.docxBusiness Ethics Governance & Risk - A - ST.docx
Business Ethics Governance & Risk - A - ST.docx
smumbahelp
 
Building a Digital Supply Chain - report - 9 APR 2018
Building a Digital Supply Chain - report - 9 APR 2018Building a Digital Supply Chain - report - 9 APR 2018
Building a Digital Supply Chain - report - 9 APR 2018
Lora Cecere
 

Similar to Presentation speaking notes (20)

10 Customer Acquisition and Relationship ManagementDmitry .docx
10 Customer Acquisition and Relationship ManagementDmitry .docx10 Customer Acquisition and Relationship ManagementDmitry .docx
10 Customer Acquisition and Relationship ManagementDmitry .docx
 
10 Customer Acquisition and Relationship ManagementDmitry .docx
10 Customer Acquisition and Relationship ManagementDmitry .docx10 Customer Acquisition and Relationship ManagementDmitry .docx
10 Customer Acquisition and Relationship ManagementDmitry .docx
 
The Compression Session
The Compression SessionThe Compression Session
The Compression Session
 
Services Marketing - Service Encounter Failure & Recovery
Services Marketing - Service Encounter Failure & RecoveryServices Marketing - Service Encounter Failure & Recovery
Services Marketing - Service Encounter Failure & Recovery
 
Attrition control and retention strategies for changing times
Attrition control and retention strategies for changing timesAttrition control and retention strategies for changing times
Attrition control and retention strategies for changing times
 
Remuneration and Incentive Planning
Remuneration and Incentive PlanningRemuneration and Incentive Planning
Remuneration and Incentive Planning
 
Innovative employee compensation_methods_to_motivate_employees
Innovative employee compensation_methods_to_motivate_employeesInnovative employee compensation_methods_to_motivate_employees
Innovative employee compensation_methods_to_motivate_employees
 
BALANCED SCORECARD 2Daniel OrtizStrategic .docx
BALANCED SCORECARD 2Daniel OrtizStrategic .docxBALANCED SCORECARD 2Daniel OrtizStrategic .docx
BALANCED SCORECARD 2Daniel OrtizStrategic .docx
 
Ring central engage-whitepaper-empowering-agents
Ring central engage-whitepaper-empowering-agentsRing central engage-whitepaper-empowering-agents
Ring central engage-whitepaper-empowering-agents
 
WEIGHING YOUR CAREER OPTIONS: A LEAN SIX SIGMA APPROACH TO SELECTING THE BEST...
WEIGHING YOUR CAREER OPTIONS: A LEAN SIX SIGMA APPROACH TO SELECTING THE BEST...WEIGHING YOUR CAREER OPTIONS: A LEAN SIX SIGMA APPROACH TO SELECTING THE BEST...
WEIGHING YOUR CAREER OPTIONS: A LEAN SIX SIGMA APPROACH TO SELECTING THE BEST...
 
Small Business Consulting Report I. INTRODUCTION In this sma.docx
Small Business Consulting Report I. INTRODUCTION In this sma.docxSmall Business Consulting Report I. INTRODUCTION In this sma.docx
Small Business Consulting Report I. INTRODUCTION In this sma.docx
 
Running headWORKING IN TEAMS 1PAGE .docx
Running headWORKING IN TEAMS          1PAGE  .docxRunning headWORKING IN TEAMS          1PAGE  .docx
Running headWORKING IN TEAMS 1PAGE .docx
 
Dependent Verification: What You Don't Know Can Hurt You
Dependent Verification: What You Don't Know Can Hurt YouDependent Verification: What You Don't Know Can Hurt You
Dependent Verification: What You Don't Know Can Hurt You
 
Onboarding 101: Why Customer Onboarding Matters More Than You Think
Onboarding 101: Why Customer Onboarding Matters More Than You ThinkOnboarding 101: Why Customer Onboarding Matters More Than You Think
Onboarding 101: Why Customer Onboarding Matters More Than You Think
 
Attrition Control and Retention Strategies for Changing times.ppt
Attrition Control and Retention Strategies for Changing times.pptAttrition Control and Retention Strategies for Changing times.ppt
Attrition Control and Retention Strategies for Changing times.ppt
 
Siva0088
Siva0088Siva0088
Siva0088
 
Pay-for-Performance.pptx
Pay-for-Performance.pptxPay-for-Performance.pptx
Pay-for-Performance.pptx
 
Revolutionising HR in Healthcare - a real life example
Revolutionising HR in Healthcare - a real life exampleRevolutionising HR in Healthcare - a real life example
Revolutionising HR in Healthcare - a real life example
 
Business Ethics Governance & Risk - A - ST.docx
Business Ethics Governance & Risk - A - ST.docxBusiness Ethics Governance & Risk - A - ST.docx
Business Ethics Governance & Risk - A - ST.docx
 
Building a Digital Supply Chain - report - 9 APR 2018
Building a Digital Supply Chain - report - 9 APR 2018Building a Digital Supply Chain - report - 9 APR 2018
Building a Digital Supply Chain - report - 9 APR 2018
 

Recently uploaded

Structural Design Process: Step-by-Step Guide for Buildings
Structural Design Process: Step-by-Step Guide for BuildingsStructural Design Process: Step-by-Step Guide for Buildings
Structural Design Process: Step-by-Step Guide for Buildings
Chandresh Chudasama
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
marketing317746
 
buy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accountsbuy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accounts
Susan Laney
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
Corey Perlman, Social Media Speaker and Consultant
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
NZSG
 
Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024
Top Forex Brokers Review
 
Chapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .pptChapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .ppt
ssuser567e2d
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
fisherameliaisabella
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Lviv Startup Club
 
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024
Kirill Klimov
 
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraTata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Avirahi City Dholera
 
Best practices for project execution and delivery
Best practices for project execution and deliveryBest practices for project execution and delivery
Best practices for project execution and delivery
CLIVE MINCHIN
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
taqyea
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
LuanWise
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
FelixPerez547899
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
agatadrynko
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
my Pandit
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
techboxsqauremedia
 
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...
ABHILASH DUTTA
 
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
my Pandit
 

Recently uploaded (20)

Structural Design Process: Step-by-Step Guide for Buildings
Structural Design Process: Step-by-Step Guide for BuildingsStructural Design Process: Step-by-Step Guide for Buildings
Structural Design Process: Step-by-Step Guide for Buildings
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
 
buy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accountsbuy old yahoo accounts buy yahoo accounts
buy old yahoo accounts buy yahoo accounts
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
 
-- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month ---- June 2024 is National Volunteer Month --
-- June 2024 is National Volunteer Month --
 
Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024Best Forex Brokers Comparison in INDIA 2024
Best Forex Brokers Comparison in INDIA 2024
 
Chapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .pptChapter 7 Final business management sciences .ppt
Chapter 7 Final business management sciences .ppt
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
 
Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024Organizational Change Leadership Agile Tour Geneve 2024
Organizational Change Leadership Agile Tour Geneve 2024
 
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraTata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s Dholera
 
Best practices for project execution and delivery
Best practices for project execution and deliveryBest practices for project execution and delivery
Best practices for project execution and delivery
 
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
一比一原版新西兰奥塔哥大学毕业证(otago毕业证)如何办理
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
 
Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024Company Valuation webinar series - Tuesday, 4 June 2024
Company Valuation webinar series - Tuesday, 4 June 2024
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
 
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...
 
Creative Web Design Company in Singapore
Creative Web Design Company in SingaporeCreative Web Design Company in Singapore
Creative Web Design Company in Singapore
 
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...
The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...
 
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
 

Presentation speaking notes

  • 1. Slide 1: Hi! My name is Danielle Regoni, and this is my presentation regarding the CVS Health Corporation and current human resources practices and concerns Slide 2: CVS was established as a family-owned convenience store in Rhode Island in 1963, and since has grown into a multi-national corporation with over 7800 locations and over 218,000 employees. Today, CVS faces strong competition from similar retail pharmaceutical stores such as Walgreens, Rite-Aid, and privately owned stores Slide 3: Over the past several years, CVS has experienced larger than average growth. This is due to several factors, such as greater offerings of generic pharmaceuticals and the growing number of American citizens with healthcare coverage. Slide 4: Currently, CVS consists of 3 distinct lines of business: corporate headquarters, pharmacy services, and retail departments. Generally speaking, each store location consists of general management who are responsible for the overall store, and separate department managers for the pharmacy and retail divisions. Slide 5: The online employer-rating platform Glassdoor.com has consistently rated CVS as “one of the worst places to work” for several years. Employees have expressed many concerns regardless of store location that can be placed into 2 main categories: concerns regarding the high-stress work environment and concerns regarding feelings of being “undervalued” by the company as a whole. These serious concerns should be addressed by CVS’ human resources department, and will be addressed throughout the rest of this presentation. Slide 6: Regarding selection of new employees, CVS already utilizes a variety of assessment methods to employ high-quality candidates, and the majority of CVS’ current HR concerns revolve around problems with retention, not candidate selection. Therefore, no changes need to me made with the selection process at this time. Slide 7: On this slide, CVS’ current benefits offerings are highlighted in red, and suggestions for additional employee benefits are listed in black. It is important to note that some of the current benefits offerings, such as opportunities for advancement & pay increases, wellness programs, and tuition reimbursement are highly limited, and should be enhanced. Slide 8: CVS’ current performance review strategy, denoted in red, consists solely of an annual review with slight pay increase for receiving the highest designation of “Outstanding Performance.” However, it is suggested that for newly hired employees, the review process should consist of more than one formal review during the first year. Additionally, CVS management needs to foster more open communication to provide greater feedback to all employees throughout the year. Also, CVS currently does not utilize any goal-setting, employee recognition programs, or other rewards for goal achievement. Including such practices would significantly assist in helping employees feel more valued within the company. Slide 9: The current training process at CVS could be described as “rapid on-boarding,” in which employees are expected to become highly productive very quickly. However, employees at CVS have repeatedly expressed concerns that these training practices are not adequately preparing
  • 2. them for work expectations. Therefore, significant changes should be made to the training process including: company orientation, extensive customer service training, extensive job-task training, & periodic review of company procedures. Slide 10: The 1st of 2 major HR concerns at CVS revolve around the high-stress environment in which employees work. If no actions are taken by leadership, the company will continue to experience high rates of turnover, as well as low task performance, high absenteeism, job dissatisfaction, and burnout. Slide 11: By creating an extensive expansion in the number of store workers, CVS could effectively address a number of current employee concerns including: long work shifts with inadequate breaks, feeling ill-equipped to handle the high volume of customers, and struggles with handling customers and additional work tasks. Additionally, CVS should consider enhancing their wellness programs to include stress relief sessions, such as: techniques for handling stress and yoga or meditation classes. Slide 12: The 2nd major HR concern within CVS stems from the employees’ feelings of lack of value within the company. This also leads to high absenteeism, high turnover, lack of motivation, and job dissatisfaction. A number of successful methods can be implemented to instill feelings of value within the company. These include employee recognition and incentive programs. Slide 13: Currently, CVS contracts with a firm called “EthicsPoint” to provide an anonymous hotline for employees to report any concerns. However, if this method is not able to enact change within the company, then this procedure is highly ineffective. Instead, CVS should consider implementing more channels of open communication among employees at all levels, such as through instituting an open-door policy. Slide 14: Despite CVS’ tremendous growth in recent years, the company continues to experience high employee turnover and high levels of job dissatisfaction. Unfortunately, the concerns expressed by multitudes of employees appear to have fairly straightforward solutions that the company should consider implementing. Thank you for your time!