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Fundamentals of Human Resource Management, 5/e
book

Fundamentals of Human Resource Management, 5/e

by Gary Dessler
January 2015
Beginner
480 pages
32h 52m
English
Pearson
Content preview from Fundamentals of Human Resource Management, 5/e

Employee Engagement Guide For Managers

Learning Objective 7

  • Explain how to use benefits to improve engagement, productivity, and performance.

Costco’s Compensation Plan

Hard as it is to compete with Walmart’s low costs and prices, Costco’s per store sales beat those of Walmart’s Sam’s Club. How does Costco stay ahead? Instead of keeping benefits and pay low like Walmart, Costco pays employees more. For example, Costco pays about 90% of its employees’ health insurance costs. 220 This seems to produce higher employee engagement, productivity, and customer service. 221

Costco doesn’t use surveys to measure employee engagement; instead it tracks engagement by its “by-products,” such as turnover and productivity. 222 By those criteria, Costco’s ...

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Publisher Resources

ISBN: 9780134740218