McGrew_MBA 713 High Performance Workplace

McGrew_MBA 713 High Performance Workplace - McGrew | 1...

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M c G r e w | 1 Franklin University High Performance Workplace Prepared for: MBA 713-E1WW Dr. Cashman Prepared by: Trish McGrew June 16, 2010
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M c G r e w | 3 To: Dr. Cashman From: Trish McGrew Subject: Sherwin-Williams; High Performance Workplace Date: June 16, 2010 Business Brief The success of an organization is dependent upon upper management, which sets the overall mood of the company. High morale is achieved when most of the employees report they are satisfied with their current job. In addition, companies who nurture their employees achieve higher productivity and satisfaction levels . Traditional management often holds the belief that employees are simply replaceable resources, and are supposed to succumb to the orders of their superiors. However, times have changed and it is now just the opposite. Companies have come to realize that their employees are a valuable asset to the success of business. Methods Sherwin-Williams uses to enhance morale and job satisfaction Sherwin-Williams takes into consideration that hiring expenses are astronomical and that high retention rates reduce costs associated with recruitment, training, lost productivity, new hire, and lost sales. Therefore, Sherwin-Williams believes that happy employees are more profitable and have lower labor costs. In addition, they believe that beyond the basic job description, managers need to communicate the company’s vision, energize staff, build trust, and develop genuine connections with their coworkers. According to Sherwin-Williams “At Sherwin-Williams, we are proud of the company we keep – our family of dedicated employees. We are committed to
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McGrew_MBA 713 High Performance Workplace - McGrew | 1...

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