I neeed help with HR Unit 5 IP
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Running head: HUMAN RESOURCE ENVIRONMENT 1
HUMAN RESOURCE ENVIRONMENT 11
Human Resource Environment
Sandra Fitzhugh
American InterContinental University
Abstract
The McKesson's company is a pharmaceutical distribution supply chain, with medical supplies, equipment and health care services. This is a company that will meet the needs and challenges of healthcare while helping you eliminate tomorrow's challenges.
Benefits and Compensation
McKesson has a retirement package in place for their employees that seems to be well thought out. Employees can take advantage of the profit sharing investment plan which is a 401k, and can also take advantage of the employee stock purchase plan. The salaries range from $22,000 -126,000 depending on your position. Below are a few salaries and job titles.
· Accounts Receivable Specialist $22,184 - $39,885
· Material Handler $23,411 - $36,374
· Operations Supervisor $40,017 - $69,531
· Software Engineer $56,327 - $126,787
The bonus salaries run on average from $6,000-$15,00 annually and the commission for this company after 20 years of service is about 25,000. Although McKesson seems to be on average with salaries and compensation they were in the news about their compensation practices for executives. The McKesson CEO in 2012 had a total compensation of $131 million which was rejected by shareholders by 78 percent. There was another incident in Florida, where a worker expressed some compensation concerns at a meeting about the low pay in the distribution center there and that they were unable to get health care nor participate in the 401(k) plan. It seems as though the person in question was fired behind his concerns and the National Labor Relations Board got involved and had a judge to order that the company reinstate him, which has not happened as of yet.
Business Leadership and Strategy
McKesson business ideas were built on development in society and human activities in which to make money and build on the infrastructure. When the company was founded in 1833 it was from an idea that they could bring therapeutic drugs and chemicals on sailing ships. In 1990 McKesson was successful at getting other smaller companies to merge with them so that they would not have to depend on the larger companies and this acquisition strategy allowed them to get to the top and remain there today. Another good business strategy was buying Automated Healthcare, and General Medical who are distributors of medical/surgical supplies in 1993. In order to have good business strategies you have to include things such as
· enterprise intelligence
· prospective modeling
· area organization partnerships
· improvement efforts
· Share visions
It is important to any business that you involve the people that do the work in order to keep your process flowing. Keeping your staff well trained on all system and system processes is a sure way to stay on top.
Diversity
McKesson is a company that prides itself on diversity and that comes with people from all walks of life. They believe that diversity brings about vitality and creativity in their employees that help make the company a success. Diversity is something that improves the company demographics, quality, decision making, teamwork and help to build on a good customer base.
McKesson has put in place a Diversity Advisory Board to ensure their managers and employees are trained in all aspects of diversity. McKesson is also committed to the diverse suppliers to help with the expansion of their business. They work together with minority and veteran owned businesses so that everyone's needs are met. McKesson has a goal that deals with diversity in which they will hold themselves accountable while they find other ways to improve in this area. One way they have broken ground is by having 100 of their top executives in the United Kingdom and the United States to stand and fight against ethnic diversity and discrimination.
McKesson’s diversity recognition efforts include:
· Human Rights Campaign Corporate Equality Index
· Magazine Top Diversity Company
· Women to Watch
· Diversity Woman
Employee Relations
McKesson makes every effort to support their employees and their families on their healthcare. There is a vitality rewards program for each employee who makes their health a top priority. The reward system gives them points to spend when they engage in the health activities this will also allow them to save on their monthly health plan. This company measures their health benefits through surveys that the employees takes to let them know how their benefits rate to other companies. The outcome of the surveys has been good which help the company receive recognition for high performance. Compensation is very important in regards to performance expectations and rewarding their employees for their contribution to the success of the company. The total rewards package they have in place affords them the opportunity to retain high performers and allow employees to share in ownership of company stocks.
McKesson offers a university program to help potential employees the knowledge they need to secure the job through their various programs such as:
· Internship Program
· Cooperative Program
· Graduate Training Programs
· Graduate Level Internship Program
These programs are just one of the tools they use to make sure that the employees skills are a fit for their company. They're commitment to hire people who have a high degree of motivation, intelligence, commitment and creativity. They have teams that will help the employees improve the business of healthcare.
Ethics and Corporate Social Responsibility
McKesson's is a company that is committed to corporate citizenship by creating good value for society and the company. There is a holistic view of health at McKesson Canada. The company has a Corporate Social Responsibility Program that is called Lifting Barriers whose primary role is to help people reach their fullest mind-body potential. McKesson tackles barriers very serious when it comes to health care and are in the business of lifting barriers with mental illness so by lifting these barriers it will help to make sure that all people in Canada will have the ability to get medications, work, play and simply live. They want to make dreams come true.
The McKesson employee is in a position that gives them the ability to impact healthcare. The company on a whole is in business to improved patient care and reduce costs. McKesson works hard to help the communities in which they serve through cash help, volunteering, strategic partnerships and social enterprise. The company has made great strides to lessen the impact at local levels and worldwide. There is a Giving Comfort program at McKesson that provide care packages to cancer patients and with the help of distribution partner that make this work throughout the United States. This program has helped patients in 139 locations in 32 states and the distribution total is at 25,000 packages. The company employees had raised about $290,000 for this great cause and have used walks for charity to get 16,000 packages from events involving volunteers.
Talent Management
McKesson role in talent management is vital to their operations in regard to recruiting initiatives. When it comes to the services they provide it will mainly cover talent acquisition and lifecycle management and the key components to this will be analysis and planning. Organizational strategies will be led by workforce trends. The company has implemented an open shift management solution to deal with flexible staffing that will help with better environment scheduling, this initiative will have enhanced efficiencies while reducing costs.
McKesson employees are willing and happy to assist with making the impact of healthcare positive. The goal is to improve on patient care while reducing cost to the patient and bringing forth a culture of excellence and respect to people's lives.
In addition to our daily work, we improve our local communities through volunteerism, cash giving, strategic partnerships and social enterprise. We also strive to reduce our impact on the environment, both enterprise-wide and at the local level.
When people feel that they can advance, they will be more engaged and this will promote retention and productivity. The company is committed to keeping their workforce in alignment with today's market. The improvement with talent acquisition have given the opportunity for accountability and higher goals. McKesson has made upgrades to their recruiting department, which has led to better hiring and making sure that the company is ready when the new hire is ready to start work. This process has lowered the turnover rate and has helped in the effort in finding the best people for the job. The work that McKesson does is one of shared principles.
Organizational and Employee Development
McKesson feels strong about transiting to value-based care and there have to be leaders who will focus on three important things such as: organizational alignment, putting in place a new care model that will take care of quality and cost. It is good business to plan for the transition and management of their own employee’s population that will build on core, competencies that will lay the foundation for your future success.
McKesson is proud to have veterans in the family of their business and found in management roles and other parts of the business. Veterans and their specialties are in demand, so their professional development and networking is key to the success of the McKesson veteran support. There are about 287 veteran-owned business suppliers that work for this company.
McKesson has in place a training and development group, which is called the McKesson Center for Learning that give employees the opportunity to expand their current knowledge and prepare for the next step in their careers. Other development tools in place are online book, videos and learning modules. There is an educational assistance program in place to help with the cost to further your education and growth through their partnership with Kaplan University. Employees are also offered certain job-related training while employed at McKesson.
The main objective is one of excellence for employees and customers. Thy are always looking for new ways to improve and measure progress. This mission is to provide quality and safety for everyone without fail. All employees have the ability to make a decision whether they are big or small with a good focus on ethics, respect and a commitment for the good of the company.
Technology
McKesson has developed an internal customer facing solution that will help with exchanging information while providing low cost and reducing time. The one cloud system is a self-service model that will speed up the healthcare process.
The imaging and workflow technology was put in place for hospitals for health record and is a part of the Paragon hospital information system. Which will improve on productivity, performance and quality
McKesson has a wide range of technology tools and resources to manage your day to day operations to include inventory control, reducing manual keying management expense and the ability to provide top of the line process that will help with business operations, supply management and cost effectiveness.
The McKesson Company is known as a leader in information technology, but announced that it will look at alternatives to its Enterprise Information Solutions that deals with hospital information systems. The company realizes the important of such services is key to the sense of their customers it will be in the best interests of all concerned to find a way to enhance the information systems. The importance of looking for a new strategic path will include systems like Paragon, ERP-related businesses and One Content. McKesson has assured their customer that the transition will be a smooth one. McKesson has also announced that they will be forming a new healthcare information technology company with Change Healthcare Holdings, which will include most of the current technology solution for McKesson.
References:
Data-Based Business Strategies for the New Healthcare Normal. (2012). Retrieved from
McKesson Business Strategies. (2015). Retrieved from
http://www.SuccessPrinciplesonline.com/business Strategies
Our employees. (2016). Retrieved from http://mckessoncorporatecitizenship.com/our-employees
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