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Essay / Research Paper Abstract
This 6 page paper examines the compensation package that Starbucks offer their employees or ‘partners’ and the way that the pay package referred to as “Your Special Blend” fits in with the general culture and approach of Starbucks. The bibliography cites 5 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEstarpay.rtf
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Unformatted sample text from the term paper:
Melcrum, 2005). The type of staff hired varies, from retail shop floor staff with few skills to head office and management staff. However, the high recruitment level is not due
to a fast staff turnover it is due the growth rate and the need to add rather than replace staff. In this type of fast moving environment it would
be easy to believe there would be an approach to compensation that would reflect the commercial needs of economics and efficiency, however, the approach taken is more far reaching and
can be seen as reflecting the companies culture and is also a tool by which the employees are shown commitment by the employer as a tool of motivation in a
way that fits in with the human relations school of thought. Looking at the Starbucks schemes we can look at the words of The Senior Vice President of Total
Pay; Chet Kuchinad who says "From the very beginning our firm belief has been that if you take care of people, people will take care of customers and be engaged
in" this reflects the approach taken by Starbucks and the way payment is seen in an holistic manner and as a way that Starbucks want to separate itself from the
competition in the eyes of the employees (Melcrum, 2005). The compensation scheme is called "Your Special Blend" and is referred to as a total pay package (Starbucks, 2006). The generous
offerings include stock options and discounts on stock purchases, healthcare, savings and rewards of different types (Starbucks, 2006). In Starbucks the employees are called partners and are treated in
such as way as they may feel, even if only to a small extent, that they are a partner in the business, working with as well as for the company.
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