e welcome creativity and innovation that lead to growth and improvement in order to adapt to a changing market.(Employee handbook, Pg#2, The above information is from one source.)EMPLOYEE RELATIONS:In addition to the Bay having it’s own set of Core Values to make the business more profitable , the Bay concentrates on it’s Employee Relations to bridge the gap between employer and employee.There are many ways that the Bay creates this great relationship. Performance Appraisals are conducted upon every new employee to assess performance and work progress. Communication is very important in a large business like the Bay. As a result of this, daily and weekly meetings are held to exchange vital information and to discuss some issues. In addition to this, the employee is kept well informed with operations by means of Company Newsletters, Store Newsletters, Communication Binders and How To Manuals. Personal Development is considered a very meaningful item when it comes to a job. To improve employee skills, Computer Based Training course are available to increase product knowledge, systems, and merchandise education(Employee Handbook, Pg #8, The above information is from one source)EMPLOYEE BENEFITS:As an employer, the bay provides it’s employee with the essential benefits they require. One illustration of this is the Hudson’s Bay Share Ownership Plan. All HBC employees are entitled to contribute a minimum of $10.00 per month, to a maximum of 10% of annual base salary. The plan’s most important feature is that company contribution is related to success as measured by earnings per share. A minimum of $1.00 will be contributed by the company for each $6.00 contributed by the employee. The H.B.C. Pension Plan is designed to gives the employee security when he/she retires. All new regular full-time staff must join the plan. Plan members will contribute 3% of annual earnings and is matched by the company, d...
