This document discusses the initiatives taken by Wesfarmers, a retail brand in Australia, to promote performance, culture, and engagement in the workplace. It explores the company's focus on career development, diversity, stakeholder engagement, and provides recommendations for improvement.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: CONTEMPORARY LEADERSHIP People, Culture and Contemporary Leadership Name of the Student: Name of the University: Author’s Note:
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Introduction The company chosen is the famous retail brands in Australia called Wesfarmers. They have one of the most well-developed work cultures. They make sure that they are taking all the possible initiatives in order to promote the overall welfare of both their customers and their employees as well. This is a very important aspect of modern day organizations. This is because the nerve takes any of their responsibilities lightly. They always try to take and use the method of job training so that the employees get the opportunity of learning along with carrying on with their job. Performance-related initiatives Wesfarmers has started taking many innovative initiatives that will be helping them to develop as one of the most important and well known companies in the industry. They are recognizedasthelargestemployerswhoprovideemploymenttoapproximately217000 employees. They are successful in providing employment to one in every 60 working people in Australia. The greatest initiative that has been used by the company is giving an opportunity to their people to develop their career and their performance at the same time(Group 2019). They make sure that none of their employees is suffering in their career paths just in order to satisfy their job-related duties. In order to improve their performance they provide thejob-specific and careerdevelopmenttrainingopportunitiesthatcovertechnicalskills,customerservice, teamwork, leadership, and much more. They have adopted a newtraining and development model that is based on innovation, simplicity, flexibility and collaboration. In order to make sure that the employees are getting full guidance to improve their performance they provide the bespoke 360-degree assessments and individual development plans for more than 60
general managers and leaders in critical divisional leadership team roles.The other initiative toimprovetheirperformanceisthefocusovertheirtalentedteam.Wesfarmershas appointed a talented teamthat helps the organization to provide specialized training to the managers and the leaders as well. This is helpful as it helps the company in understanding the exact qualities that they need to see within their employees of today and the future as well. Wesfarmers know that none of the strategies can be successful without proper feedback and follow up is taken about the results. As they are using many strategies they have to make sure that they also measure the amount of success that is obtained due to these strategies.TSR or the total shareholder returns is the strategy that is used by them to measure if they are getting any satisfactory returns. The key factor in determining the TSR is the share price of Wesfarmers that can actually be influenced by many factors outside factors like the market sentiment, business cycles, interest rates and exchange rates. Culture-related initiatives Wesfarmers thrives on providing a very unique and inclusive workplace for the entire employee to work in. This is because they always try to appoint employees belonging from different cultural backgrounds. This helps them in creating a gender-balanced work ambiance. They also make sure that they include the indigenous people as well. The company sees this approach as a multipurpose approach. The inclusion of the indigenous people in their workforce will not only help them in getting g a culturally rich ambiance but they will also be able to generate values for their customers and their shareholders as well. Different people belonging from different cultural backgrounds will be helpful in understanding the demands of the customers belonging g from a different background. Thus this will help the company to innovate
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
its manufacturing and production process in order to cater to the needs of all the customers. Gender balance ambience is one of the major aspects of the cultural background of the company. They make sure that they are hiring women in their high paying job positions as well. They have made sure that about 28 percent of the executive positions of the company are being occupied by men. RAP is one of the important strategies by Wesfarmers to ensure inclusion of the indigenous people with their workforce. RAP was launched about 10 years ago and since then it has been trying to include thelevel of Indigenous representation in their workforce(Carlson,O’Cass and Ahrholdt 2015).The company follows thehorizontal communicationsystem. In other words they supervisors and the managers make sure that their subordinate employees to be able to reach out to them without any hesitations. They make sure that allthe employees belonging from different cultures are able to reach put to the supervisors without any hesitations. Thelow level employees are able to reach the high level employees without any tough or lengthy process. No matter how complex are the business decisions the superiors make sure that they are involving their employees at all points of time. Wesfarmers also make sure that there is no disparity between the indigenous and the non- indigenous employees. They make sure that their company is being able to utilize the diversity and the uniqueness that the employees coming from different cultural backgrounds bring along with them. Their primary goal is to carry on with the policy of sustainable employment. Wesfarmers have been capable of employing about 997 more indigenous team members, and indigenous team members now total 5,228 which are 2.5 per cent of Wesfarmers’ Australian workforce(Niesche and Ridsdale 2017). They make sure that there is no disparity in the pay scale or the respect that is given to their employees. Wesfarmers make sure that the indigenous employeesare gettingequal careerdevelopmentopportunitiesjust as the non-indigenous
employees.The Clontarf Foundationhas been supported by Wesfarmers since 2001 in order to provide educational, life skills, and self-esteem goals for the indigenous young people by using football as a foundation. Engagement-related initiatives Stakeholderengagementisoneofthemajoraspectsthataretakencareofthe Wesfarmers.Bunnings continued to actively seek ways to collaborate with a wide range of stakeholders on community awareness and sustainability initiatives. One of their important and well known stakeholders is the New Zealand Ministry of Civil Defence and Emergency Management. In order to get a proper connection and engagement with them, Wesfarmers got involved in the get ready week project. This project was mainly for the raising of the awareness campaigns that would be needed in order to make the households aware about the safety and preventive measures that they can take in order to save themselves from the natural calamities like Tsunami, earthquake and others. Theemployee engagementis done by making sure that the managers are listening to the ideas and the opinion of their employees. In other words, the managers always involve the employees in their business decisions. Regular meetings are conducted in order to make sure that the employees are taking part in the business decision. The company make sure that they are not only listening to the ideas of their employees but are also working upon them to bring in the desired change that is needed by the employees. They make sure that their employees are having a voice in the company. The company does facilitate channels where each employee can raise their issues and also give their feedbacks.Peer-to-peer
learning and the group discussionmethods are encouraged by the company o that their employees can learn from each other. Wesfarmers also carried on many DIY campaigns and also many of the in-store displays and workshops in order to engage their stakeholders. Wesfarmers also made sure that they are capable of developing a proper engagement with the Water Corporation's Waterwise Garden. Wesfarmers made sure that they are redeeming these vouchers and they also distributed the same overall Australia through their two-year program. To make sure that they can engage properly with the customers in their community, they have to do something good and useful for the communityasawhole. They supported AustraliancharityShare the Dignity’s “It’s in the Bag” Christmas campaign through which they made their customers make some contributions in order to distribute the same for the poor and unprivileged women of the country. Recommendations Adoption of the IT technologies must be used so that they can speed up their process of billing. In order to stay in competition in this modern era, they have to use all the scientificallyandtechnologicallyadvancedmaterials.Theymustswitchontothe automated use of the billing technology. This will help them in carrying on their transaction process in a fast, soother and easier manner. Wesfarmers must realize that in order to stay in the competition they have to fight with the other powerful competitors like Woolsworth, Foodworks and others. In order to develop customer loyalty they have to provide offers like discounts, coupons, seasonal
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
vouchers and others in order to make sure that the customers are not switching over to other alternatives. Wesfarmers has to develop an online string presence by developing their online shopping apps. In order to retain their customer base they have to make the whole shopping experience much easier and memorable. Wesfarmers can do this by making some online shopping apps that will be helping the customers to browse through the app and then make their purchases accordingly. The services like home delivery, self pick up must also be initiated so that the customers can shop without losing any time. Wesfarmers has to make sure that they are recruiting people from all the diversified cultures like indigenous cultures. They have to conduct much cross-cultural awareness programs that will be helping the employees of the organization to understand one another. The employees belonging from the non-indigenous backgrounds will be able to understand and also respect the cultures of the ones coming from non-indigenous backgrounds. Wesfarmers must start a policy of rewards or additional benefits like the flexible shifts so that they can get better engagement and response from their employees. The efforts of the employees must be rewarded so that they get the encouragement of connecting with the company. Conclusion Thus it can be concluded that the company is doing good work in order to promote the overall welfare of their customers and their employees. However in order to stay in this era of
tough competition, they have to use all the modern technological advancements in order to provide better shopping experiences to their customers. They have to develop a very strong online presence so that the customers can get a fast, error-free and smooth shopping experience. This will help the customers in getting a very memorable
Reference List Carlson, J., O’Cass, A. and Ahrholdt, D., 2015. Assessing customers’ perceived value of the online channel of multichannel retailers: A two country examination.Journal of Retailing and Consumer Services,27, pp.90-102. Cavallo, A., Diewert, W.E., Feenstra, R.C., Inklaar, R. and Timmer, M.P., 2018. Using Online Prices for Measuring Real Consumption across Countries. InAEA Papers and Proceedings(Vol. 108, pp. 483-87). Group,D.(2019).Home.[online]Wesfarmers.com.au.Availableat: https://www.wesfarmers.com.au/ [Accessed 11 Apr. 2019]. Niesche, C. and Ridsdale, C., 2017. Commercial mind, social heart.Company Director,33(10), p.56. Terry-Armstrong, N., 2015. Managing staff: Happy, safe and contented.Busidate,23(2), p.2.