Costco Company

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Costco :

Costco Yesenia Silva Arthur Cook Montserrat Mendoza Brian Scharbach

Background:

Background Founded by James Sinegal and Jeffery Brotman in 1976 First going by Price Club then PriceCostco then Costco First Costco was in Seattle Washington Costco has 335,000 employees

Slide3:

ORGANIZATIONAL CULTURE "Culture isn't the most important thing, it is the only thing." -Jim Sinegal, Co-founder International expansion Overseas managers are trained in the United States Culture teams are sent to ensure culture is in place when expanding into new markets Employees are satisfied Good pay ages Great health and financial benefits Promotions from within Semi-casual work attire Universal Culture + Employee Satisfaction = Cultural Success

Compensation & Benefits:

Compensation & Benefits High minimum wage= $17 per hour Health care coverage with low co-pay -vision, hearing, prescriptions Retirement plans -401K Paid leave -3 months Care assistance plans -Children & Adults

Recruitment practices :

Recruitment practices Costco recruits from within Costco promotes its own people rather then going out and looking “We would not dream of hiring a manager for one of our Costco’s from outside the company” This improves employees moral and shows to them that they are valued and can move up in the company.

Training Practices:

Training Practices Level 1Food Safety Training -In-house computer training system -Yearly assessment Advantages of e-training -Money saver -Used by multiple employees at the same time -Lectures can be viewed as many times needed -Employees learn at their own pace

References:

References Boyle.(2006)“Why Costco is so damn addictive”. Fortune , 154(9), 126 . Costco Wholesale Corporation. (2015) Costco has Great Benefits. Retrieved from http://www.costco.com/benefits.html Food Safety Magazine. ( n.d. ). Retrieved November 6, 2015. Jim Sinegal on Costco's "Promote From Within" Strategy and Why It Needs to Think Like a Small Company Kumar, D., & Shekhar , N. (2012). Perspectives envisaging employee loyalty: A case analysis. Journal of Management Research, 12 (2), 100. Strother , Judith B. "An assessment of the effectiveness of e-learning in corporate training programs." The International Review of Research in Open and Distributed Learning 3.1 (2002). Welcome to Costco Wholesale. ( n.d. ). Retrieved November 7, 2015.

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