ASSIGNMENT l COMPENSATIONS AND BENEFITS

COMPENSATIONS
AND
BENEFITS

1
Background Information
1. Type of business: Wegmans Food Markets is a supermarket chains.
2. History: This Company was established in the year 1916 by John and Walter Wegman
with a name Rochester Fruit and Vegetable Company (Wegman., 2020).
3. Mission statement: They are committed to providing best experience to the customers
by helping people in their stores and helps with appealing food from their cooks and
the freshest elements. With the help of offering choice, value and quality in every area
they are hoping building the experience of shopping a delight for a company
(Comparably. 2019).
4. Organisational Philosophy: This Company’s philosophy is to put the employees at the
first position and customers at the second.
5. Company size: This Company has 101 stores till the end of 2019.
Corporate culture of Wegman
1. There is a positive work environment at the Wegman stores as they keep their
employees as their first priority. They are providing better compensation and
exceptional benefits that helps in improving the motivational level of employees
which has a role in the making a good environment within the company (EQ Applied.,
2018).
2. Their values include:
 This Company care about the success and well-being of every individual.
 Higher standards are understood as a life-style and hence Wegman maintain this
in everything.
 A variance is created in all the community that they provide service..
 The Company listen & respect their stakeholders.
 Wegman empower their stakeholders to construct decisions which enhance their
work quality and hence it benefits their customer and the firm itself.
3. Perks and benefits that are provided:
 Scholarship Competition
 Paid Time Off
 Dental Coverage
 Wegmans Retirement Plan