FACULT GUIDED PROJECT REPORT

ON
COCA-COLA, PEPSICO& McDonalds
Compensation Management
SUBMITTED BY:
KENA DUDANI (19SOMBA21006)
RAHIL SIPAI (19SOMBA21021)
SUMITTED TO:
Prof. Manthan Joshi
SCHOOL OF MANAGEMENT
RK UNIVERSITY

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Coca cola:

Benefits Summary
 Retirement & Financial Benefits
- Profit Sharing
- 401(k) Plan
- Pension Plan
 Health & Insurance Benefits
- Health Insurance
- Dental Insurance
- Life Insurance
- Vision Insurance
- Accidental Death & Dismemberment Insurance

Compensation Benefits:

- Basic salary
- Bonus
- Medical facility
- Pick & Drop
- Gratuity fund
- Social security

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Wages:

- Coca-cola is providing smart wages to its employees, which are competitive

and really satisfactory. With wages lot of facilities and amenities, are
provided according to the policy.
• Structure of wages can be described as:
• Blue collar workers are offered wages along with commission salesman are
offered wages plus commission pursuing certain criteria.
• White collar workers who are the officers and the executives draw a handsome
amount salary with incentives.

Rewards:
- A Coca-Cola Red Tag program rewards employee with travel and
merchandise as a way to recognize exceptional
performance. Employees also get tuition reimbursement, and their children
can qualify for scholarship funds. Car discounts, free parking and employee
discount programs are also offered.

Training and Mentoring

- Allowing employees, the opportunity to grow in their skills and be trained to
do even more is a big focus at Coca-Cola. The company offers a number of
development programs to encourage and motivate employees. Peak
Performance offers continual opportunities for employee rewards;
developmental forums offer teaching opportunities; and functional
developments let employees build job skills for their area of focus. Coca-
Cola University is an online teaching environment for employees. In
addition, employees are given short-term assignments that give them a
chance to work in a field different from their own, whether it's a different
department or a different country.

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Financial Rewards
- Coca-Cola also offers financial rewards to motivate employees to reach
greater pinnacles. Compensation is competitive. Every year, employees have
performance reviews that give them a chance to receive merit raises. A
Coca-Cola Red Tag program rewards employee with travel and merchandise
as a way to recognize exceptional performance. Employees also get tuition
reimbursement, and their children can qualify for scholarship funds. Car
discounts, free parking and employee discount programs are also offered.

Energizing Environment
- Coca-Cola also strives to offer an energizing environment that will motivate
employees every day. On site, employees have access to a cafeteria, dry
cleaning, a credit union, a store and free parking. Different Coca-Cola work
sites offer different perks. In the UK, the Coca-Cola headquarters includes
free drinks and fruit, special hours during the summer and an on-site gym.

Awards
- Everyone appreciates being noticed for doing hard work. Create certificates
that express your appreciation and display these outside people’s offices.
You can download a template or create your own certificate format and print
it on colored paper, foil paper or parchment. You can also create humorous
awards. These certificates reward deserving employees and provide
mementos and decorations for the office. You also can give out medals,
trophies and ribbons.

Contests
- During employee appreciation week, you want to thank your staff for their
hard work. You also want to motivate employees to continue their diligence.
Run raffles and other contests. For example, set up a table with balloons and
banners announcing the contest. Play music to draw attention to the area.
You can set up a suggestion box or hand out feedback surveys at this
location. For prizes, give gift cards, movie tickets or restaurant gift

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 certificates. You also can give out coupons for company services, award free
parking or even extra vacations days.

Annual Leave policy:

- Coca Cola believes that employees should have opportunities to enjoy time
away from work to help balance their professional and personal lives. The
Company encourages all employees to spend time with family for leisure,
taking care of personal work, or rest due to medical reasons.

• Privileged Leave
- This has been designed to give you vacation periods for rest and relaxation
and to provide time off for your personal needs. You will however be
entitled to these leave @ 2 days per month Only on completion of 1 year of
your service. This can be carried forward too.

• Sick Leave
- Sick leave may be used when you—
- *Receive medical, dental, or optical treatment
- *Are incapacitated by physical or mental illness, injury, pregnancy, or
childbirth;
- *Would, because of exposure to a communicable disease, jeopardize the
health of others by your presence on the job etc.
- Sick Leave is @ 0.5 days per month

• Half-Day
- The half day period should either be the first 4 hours of the day or the last 4
hours of the day & this will be adjusted towards Casual leave or Sick Leave
if your permission is due to health reasons.
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• Casual Leave
- The period of such leave is limited to 6 days in a
- Calendar year and is granted in such a manner that the total period of
absence including holidays (prefixed or suffixed) does not ordinarily exceed
8 days. Casual Leave is @ 0.5 days per month.

• Comp- Off’s
- Employee can avail for the extra shift they have worked or for having
worked on a declared holiday. Part shifts or working for 2 hours extra does
not entitle the employee for a Compensatory Off.

Times Management:
- 8 a.m. to 4 p.m. (all departments other then technical departments),
- 4 p.m. to 12 p.m. (Technical department)

Recruitment & Selection:

Recruitment:
- Cokes recruitment process is well established 1st of all the company gives
ads in newspapers, company website, institutions etc.

Process of Recruitment:

- Internal: recruiting source seeking applicants for positions from among the
ranks of those currently employed.

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External:
1. Media Advertisement
2. E-recruitment
3. Employment agencies
4. Executive search firms
5. Special events recruiting
6. College Recruiting
7. Summer internships

Selection Process:
a. Interview
b. Group exercises
c. Presentations
d. Psychometric tests
e. role-play/situational exercises
f. Group discussion.

Training & Development:

1. Facilitation and Administration.
2. Orientation.
3. Development pathways.
4. Learning and Development programmes.
5. Coca Cola skills seminar.
6. Job specific training.
7. Policy development.
8. Leadership development.
9. Mentoring.
10. Coaching.

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PMS:
- 360-degree feedback is also known as multilayer feedback or multi-
dimensional feedback or multi-source feedback annual basis. It is a very
good means of improving an individual’s effectiveness (as a leader and as a
manager). It is a system by which an individual gets a
comprehensive/collective feedback from his superiors, subordinates,
peers/co-workers, customers and various other members with whom he
interacts.

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PEPSICO

Benefits Summary
 Retirement & Financial Benefits
- Profit Sharing
- 401(k) Plan
- Stock Bonus
- Pension Plan

 Health & Insurance Benefits

- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Accidental Death & Dismemberment Insurance

Compensation Benefits:
 Health & Insurance Benefits:

- MEDICAL
- DENTAL
- VISION
- REIMBURSEMENT ACCOUNTS
- LIFE INSURANCE

 Wellness:

- PAID VACATION
- HEALTHY LIVING PROGRAMS
- HEALTHY MONEY PROGRAMS

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  Work/Life Benefits:

- MATERNITY & PATERNITY LEAVE

- ADOPTION ASSISTANCE
- CHILD AND ELDER CARE
- SCHOLARSHIP PROGRAM FOR CHILDREN
- TUITION REIMBURSEMENT FOR EMPLOYEES

ADDITIONAL COMPANY BENEFITS:

Holidays:
- 6 regular holidays, New Year’s Day, Memorial Day, July 4th, Labor Day,
Thanksgiving, Christmas.

Personal Days
- 0 personal days, however we give 3 days we call Floating Holidays that can
be used as such.

Sick Days
- 0 sick days per year, may use Floating Holidays or Vacation time. $200 sick
pay for approved medical leave for surgery, hospitalization, maternity.

Vacation
- 1 week after 1 year anniversary, 2 weeks second year, 3 weeks after 8 years,
4 weeks after 15 years.

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Uniform Allowance
- Leased or purchased through Aramark, company pays 70% of cost,
employee pays 30%.

401K Plan
- After 1 year of service, and attaining age 21, you are eligible to participate in
the 401K Plan For the first 2% of salary you contribute, Pepsi will also
contribute 2% For the next 4% of salary you contribute, Pepsi will contribute
another 2%.

Auto &Car Employee Discounts:

- Shop for PepsiCo Employee Discounts on Auto Services, Auto Warranties,

Car Buying Services, Car Insurance, Car Auto Loans, Car Parts and

Accessories, Roadside Assistance, and Tire Discounts.

Entertainment Employee Discounts:

- If you are a PepsiCo Employee looking for fun and Discounts on

entertainment, we have deals on Golf Discounts, Theme Park Discounts,

Movie Ticket Discounts, and Magazine & Newspapers Discounts.

Financial Employee Discounts:

- Get PepsiCo Employee Perks on Financial Services Discounts, Credit Cards,
Credit Repair, Credit Scores & Monitoring, Home Loans and Refi, ID
Monitoring & Protection, and even Personal Loans.

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Health & Medical Employee Discounts:
- Are you a PepsiCo Employee looking for CBD Oil Discounts, Dental
Discounts, Health Insurance, Hearing Aids, Makeup Discounts, Medicare,
Medical Alert Discounts, Prescription Discounts, Vitamins And
Supplements, or Vision Discounts, we have promotions designed for you.

Home Services Employee Discounts:

- If you are a PepsiCo Employee looking for fun and Discounts on

entertainment, we have deals on Golf Discounts, Theme Park Discounts,

Movie Ticket Discounts, and Magazine & Newspapers Discounts.

Insurance & Warranty Employee Discounts:

- Get peace of mind with discounts for PepsiCo employees on complete

coverage with Car Insurance, Health Insurance, Home Insurance, Home

Warranty, Life Insurance, Medicare, and Renters Insurance.

Travel & Vacations Employee Discounts:

- PepsiCo employees can save on their next vacation or trip with Travel and

Vacation Discounts on Airlines and Flights, Car Rentals, Cruises, Hotels,

Camping, RVs and Resort Deals

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Pet Offers Employee Discounts:

- Are you a PepsiCo employee with a furry family member? Save on Pet

Offers and Discounts on products and services like Pet Insurance, Pet Care,

and Emotional Support Animal Registration.

Unique Offers Employee Discounts:

- We provide Unique and Special Offers to PepsiCo employees on products

like Baby Clothes And Gifts, Clothing, Flowers, School Supplies, Shoes,

Watches, and Jewelry. We also have deals on Wedding Favors And Gifts, as

well as Free Sample offer and Coupons.

Working Hours:
- Administration: General shift 9 AM to 5 PM.
- Technical Staff: On the basis of production schedule

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Recruitment & Selection:

Internal:
- Promotion
- Transfer
External:

Selection Process:
- Initial Screening
- Interviews
- Medical Test

Training & Development:

- For Fresh Employees Orientation & On Job Training Programs
- For Existing Employees Internal & External Training through Training
Institutions

- PMS:
PepsiCo uses the 180 degrees appraisal cycle through the technique or
methods that have been used by the PepsiCo is the Graphical Rating
Scale also known as the tabulation method. It is conducted through the
ERP system which is supported by the Oracle

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McDonald’s
Employee Benefits

Your Health and Protection

- Protecting your and your family's health and financial future is important.
That's why we offer the following plans:

- Eye care
- Dental
Employee and dependent life insurance
Accidental death and dismemberment insurance
Travel and Business travel accident insurance

Pay and Rewards

- Our pay and rewards program follows a "pay for performance" philosophy:
The better results, the greater your pay opportunities.

Incentive Pay
Long Term Incentives
Recognition Programs
Company Car Program

Investing in Your Future

- Taking care of your current and future financial needs can be challenging.
That's why McDonalds offer the following savings and money management
programs:
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 Profit Sharing and Savings Plan.

MCDirect Shares

- MCDirect Shares is a direct stock purchase plan that lets

employees further build ownership and reinvest dividends in the
company.

Credit Union

- All McDonald's employees can take advantage of a full range of

services available through the Corporate America Family Credit
Union.

Financial Planning Services

- This program gives employees access to professional financial

planning services through Ameriprise Financial or Merrill Lynch.

Helping Balance Your Work and Life

- Balancing work with your life outside of it can be challenging. McDonald's

believes that it's important to strike the right balance. That's why we offer
many programs designed to help our employees maintain or regain the right
balance.

Vacation, Holidays

- McDonald's offers paid vacation for corporate, region and

division office employees as well as Restaurant Management
employees. The amount of vacation time employees has available
depends on how long they have worked at McDonald's. In
addition, McDonald's offers nine paid holidays (less for part-time
workers) for eligible employees.

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 Anniversary Splash

- Eligible employees get an extra week of paid time off in the year
when they reach an anniversary “on the fives” – their five-,
fifteen-, twenty-five- or thirty-five-year anniversary.

Short Fridays

- From mid-May through mid-September, McDonald's corporate,

division and region offices' work hours begin a half hour early in
order to end early (1:00) on Fridays.

Leave of Absence

- Because employees may be faced with difficult situations that

require them to take time from work, McDonald's provides a
leave of absence program with specific policies regarding types of
leave such as family and medical leave, adoption leave and
funeral leave.

Alternative Work Approach

- To help corporate, division and regional office employees better

balance their work and personal life, they may be able to arrange
an Alternative Work Approach. There are two full-time options
(flex time and compressed work week) and two part-time options
(part-time schedule and job sharing).

Child Care

- McDonald's has agreements with three national child care

providers - Childtime Learning Center, Knowledge Learning
Corporation and La Petite Academy - for a 10% discount on
tuition for employees. (They do not offer discounted rates for
children under age 2.)

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 Matching Gift Program

- Our matching gifts program is designed to encourage employee

support of not-for-profit organizations. With this program,
McDonald's matches employee gifts to qualified educational,
civic, cultural, health and youth organizations with one dollar for
every dollar the employee contributes, up to $5,000 a year.

International Fitness Club Network

- Employees can receive discounts on new membership or other

rewards for existing membership at participating clubs
nationwide, plus discounts on home fitness equipment, and online
health and fitness information.

Recruitment & Selection:

Recruitment:
- Internal: Job Posting
- External: Advertisement on print media, Advertisement on website,
internship programs, Walk-ins

Selection Criteria: Fresh People, Justified selection

Selection Procedure: 1.Screening of applicants 2. Written test 3. Initial
interview 4. Reference check 5. Final interview.

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Training & Development:

1. on the job training

2. Classroom based training

3. Computer based training

PMS:
- McDonalds give our people 360-degree evaluation, with inputs from
superiors, peers, and subordinates. These are the roughest evaluation
McDonalds get, because people hear things about themselves, they’ve never
heard before.

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 Topics Coca Cola PepsiCo McDonalds
Compensation Profit Sharing Profit Sharing Eye care
Benefits 401(k) Plan 401(k) Plan
Dental
Bonus Stock Bonus
Pension Plan Pension Plan Employee and
Health Insurance Health Insurance dependent life
Dental Insurance Dental Insurance insurance
Life Insurance Vision Insurance Accidental death and
Vision Insurance Life Insurance dismemberment
Accidental Death & Accidental Death & insurance
Dismemberment Dismemberment Travel and Business
insurance Insurance travel accident
Medical facility insurance
Paid Vacation
Pick & Drop Incentive Pay
Healthy Living
Gratuity fund Long Term Incentives
Programs
Recognition Programs
Healthy Money
Programs Company Car Program
Travel & Vacations Profit Sharing and
Pet offers Savings Plan
Administration:
General shift 9 AM
to 5 PM.
Technical Staff: On
the basis of
production schedule

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 Topics Coca Cola PepsiCo McDonalds
Training & 1. Facilitation and • For Fresh 1. on the job training
Development Administration. Employees 2. Classroom based
2. Orientation. Orientation & training
3. Development On Job 3. Computer based
pathways. Training training
4. Learning and Programs
Development • For Existing
programmes. Employees
5. Coca Cola skills Internal &
seminar. External
6. Job specific Training
training. through
7. Policy Training
development. Institutions
8. Leadership
development.
9. Mentoring.
10. Coaching.

Rewards & Travel Employee of the

Recognition Merchandise month for each
tuition restaurant
reimbursement Employee of the
employee quarter for each
discount programs restaurant
Employee of the year
(national winner)
Restaurant of the year
Consultant of the year
Time Mgt. 8 a.m. to 4 p.m. (all Administration: 18 Hours
departments other General shift 9 AM
then technical to 5 PM
departments), .
•4 p.m. to 12 p.m. Technical Staff: On
(Technical the basis of
department) production schedule

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 Topics Coca Cola PepsiCo McDonalds
PMS 360 degree 180 degree feedback 360 degree feedback
feedback annually annually
Recruitment Internal: Internal: Promotion Internal: Job Posting
Promotion or or Transfer External:
Transfer External: Advertisement on
External: News papers print media,
1. Media Website Advertisement on
Advertisement website, internship
2. E-recruitment programs, Walk-ins
3. Employment
agencies
4. Executive search
firms
5. Special events
recruiting
6. College
Recruiting
7. Summer
internships
Selection Interview Initial Screening Selection Criteria:
Group exercises Interviews Fresh People,
Presentations Medical Test Justified selection
Psychometric tests
role- Selection Procedure:
play's/situational 1.Screening of
exercises applicants 2. Written
Group discussion. test 3. Initial
interview 4.
Reference check 5.
Final interview.

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