WOOLWORTHS LIMITED

Woolworths Limited

Introduction1

Part A1

Discussion1

Recruitment in Woolworths (Part A)1

Part B3

Name and Job Title of Relevant People3

Remuneration in Woolworths3

Share Purchase Plan4

Superannuation4

Performance Development4

Training and Development5

Networking and Mentoring in Woolworths6

Recruitment Process at Woolworths (Part C)6

Conclusion8

References9

Appendix11

Woolworths Limited

Introduction

Part A

Woolworths Limited is retail company based in Australia which consists of different businesses which provide the customers with value, range quality and low prices. It is built on the basis of passion for retail, hard work, attention to detail and the safety of employees and customers. The mission of Woolworths is to provide customers the right shopping experience every time. Its first store opened in 1924 and since then it has changed retailing in Australia (www.woolworthslimited.com.au).

Woolworths Limited consists of a portfolio of a retail business that is extended across Australia. It consists of established businesses which include Big W and Woolworths Supermarkets and new ventures which include home improvement business. There are many branches which are operating in the regional, urban and the remote areas of New Zealand and Australia. It is considered to be one of the largest employers in private sector in Australia which employees about 200000 people across New Zealand and Australia (www.woolworthslimited.com.au).

Discussion

Recruitment in Woolworths (Part A)

It sources majority of candidates for vacant roles from their internal talent pool. In terms of supplement to the development and promotion of its own employees, it also hires talent from the local market. In the situation when the local candidates are not available Woolworths sources them from the international market. This enables the company to get fresh ideas along with consolidating the industry expertise and knowledge. In 2009, there were almost 54000 people who started working with the company and only 0.5 percent were sourced internationally (woolworthscrr09.reportonline.com.au).

The external recruitment mainly focuses on the specialist roles. The candidates are sourced through different channels so that the people who are best suited to the company are selected. It consists of the online beard jobs, press advertising, career expos, word of mouth, employee referrals, recruitment agencies and industry magazines. One of the key sources of talent for Woolworths is its Graduate Program. It is open to their employees in the final year of the tertiary qualification. It offers tailored development and job rotation experiences in the chosen field of graduate (woolworthscrr09.reportonline.com.au).

Woolworths has a strong commitment towards the building of internal capability. It is considered to be one of the main drivers of the ability to perform, grow and change. The company has retained many people and the turnover rates have decreased across all seven states of Australia. This turnover has also declined at executive level. The company also ensures that it retains diverse employee base by offering a wide range of non-financial and financial employee benefits. They consist of range of wellness programs, paid maternity leave, flexible working arrangements and options for professional development (woolworthscrr09.reportonline.com.au).

The company continually seeks to find new ways to meet the changing needs of the workforce. In their retention strategy, the company conducts engagement surveys for identifying the employee priorities and issues for ...