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Compensation Management at Mcdonald

Compensation Management at Mcdonald

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Published by: rajarohini248 on Feb 21, 2011
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COMPENSATION MANAGEMENT AT McDonald
 
INTRODUCTION
The McDonald’s Corporation is one of the most successful global restaurantchains around the world. They have used effective management and global expansionstrategies to enter new markets and gain a share of the foreign fast foodmarket.McDonald's is not just a burger company serving people; they are a peoplecompany serving burgers. McDonald’s strategy of standardizing their products on its preparation, techniques of presentation along with the adaptation strategy has createda difference in McDonald’s as compared to that of its competitors.
McDonald
McDonald's success is built on the highest standards of quality, service andcleanliness delivered to customers in each of its restaurants. Well-trained crew andmanagers are the first step to achieving these standards. It is company policy to provide career opportunities that allow employees to develop their full potential.McDonald's restaurant is structured as an independent business, with restaurantmanagement responsible for accounting, operations, inventory control, communityrelations, training and human resources.
 Vision:
"McDonald's vision is to be the world's best quick service restaurantexperience. Being the best means providing outstanding quality, service, cleanliness,and value, so that we make every customer in every restaurant smile."
Mission:
Be the best employer for our people in each community around the world• Deliver operational excellence to our customers in each of our restaurants; and• Achieve enduring profitable growth by expanding the brand and leveraging thestrengths of the McDonald's system through innovation and technology.
 
McDonald’s began its journey in India in October 1996.The average McDonald's restaurant employs as many as 40 people - fromcrew to the restaurant manager. As of today, they employ close to 2,500 people inIndia.McDonald’s has over 30,000 local restaurants in more than 120 countries 70 percent of our restaurants worldwide are owned and operated by independent, local businessmen and businesswomen.McDonald's recruit people through various means including advertisements,campus interviews, people referrals, placement agencies, Internet etc. McDonald'sTraining is a combination of on-floor and classroom training provided through our Learning and Development Team with exposure to the various aspects of the business.The applicant attends a first stage interview and is offered "On JobExperience" (OJE). This is a 2-day assessment in a restaurant. Successful completionat OJE will lead to a final interview, after which the manager decides whether or notto hire the applicant
 
MCDONALDS ORGANISATION STRUCTURE:
McDonald’s Wages and Salary Administration:
McDonald’s is an equal opportunity employer. Rates of pay and conditions of employment are established and granted without regard to race, color, religion, age,gender, national origin, disability, or ancestry. However Average mcdonald's worker salaries can vary greatly due to company, location, industry, experience and benefitsMost employees are paid by the hour and are referred to as 'crew members'.Other “
hourly-paid employees
” who work alongside them include Training SquadMembers, Dining Area Host/esses, Party Entertainers, Administrative Assistants,Security Co-ordinators, Maintenance Staff, Night Closers, Floor Managers and ShiftRunning Floor Managers. These employees carry out more specific job functions andto ensure the restaurant runs efficiently.The remaining restaurant-based employees are salaried managers. There aretwo types of managers each has a wage that reflect their responsibilities“Swing”“Salary”

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