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Hewlett Packard Presentation

Hewlett Packard Presentation - Salary cuts to remaining...

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Click to edit Master subtitle style 4/6/11 Hewlett Packard Lauren Hanrahan MGT 331-07
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4/6/11 Company Background l Founded in 1939 l International Company, headquarters: Palo Alto, California l Technological industry l Products: PCs, software, support.. l 2nd to IBM in the computer industry
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4/6/11
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4/6/11 The Hewlett Packard Environment l Before Carly Fiorina and Mark Hurd Friendly Environment Very Flexible Happy Employees l During Mark Hurd Employees treated as costs Employee happiness was low priority No rewards
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4/6/11 Strategy Throughout the Recession l Cut Costs! Mainly cutting employees l Impersonal E-mail l Top 50 U.S. companies l 600,000 overall [a little over 60%] Decreasing employee’s salaries l Anywhere from 5% - 20%
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4/6/11 Effect on Hewlett Packard l Uncomfortable Work Environment Cutting of cubicle sizes/offices Merging centers l Unmotivated/Unhappy Employees
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Unformatted text preview: Salary cuts to remaining employees • No rewards = no motivation “At this point, it isn't about my pay (although it would at least be nice to keep up with the standard of living. ...rub a lamp); it's about being underappreciated. I venture to guess that most, if not all, employees (below Sr Mgmt level) feel disrespected, unappreciated and unvalued. And, it's not all just for shareholder profits; it's about lining Mark Hurd's pockets.”-HP former employee, been working there for over 25 years 4/6/11 Hewlett Packard Turnout l Successfully survived the recession. • Low employee morale l Mark Hurd Resignation l Léo Apotheker hired in as CEO. • Higher than expected 4th quarter revenue • Looking to increase employee confidence l Raising Salaries l Holiday Bonus 4/6/11 Questions?...
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