People, Culture and Contemporary Leadership

Running head: PEOPLE, CULTURE AND CONTEMPORARY LEADERSHIP
PEOPLE, CULTURE AND CONTEMPORARY LEADERSHIP
Name of the Student
Name of the University
Author Note

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PEOPLE, CULTURE AND CONTEMPORARY LEADERSHIP
Table of Contents
Introduction....................................................................................................................2
Performance-related initiatives......................................................................................2
Culture-related initiatives...............................................................................................3
Engagement-related initiatives.......................................................................................4
Recommendations..........................................................................................................5
Conclusion......................................................................................................................6
References......................................................................................................................7

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PEOPLE, CULTURE AND CONTEMPORARY LEADERSHIP
Introduction
Woolworths Supermarkets is grocery or supermarket based chain that is mainly
owned by Woolworths Limited. The organization was established in the year 1924 and has
been able to gain around 80% of shares in the entire retail market of Australia. Woolworths
mainly specialises in selling different types of products that include, groceries, magazines,
DVDs, beauty and health based products, baby and pet supplies, household products and
stationery based items. Woolworths operates around 1000 stores in different parts of
Australia (Woolworths.com.au 2019). The report will be mainly based on the ways by which
performance based, culture related and engagement based initiatives that have been
implemented by the organization.
Performance-related initiatives
Remuneration, performance development and recognition have been important parts
of the performance related initiatives that are implemented by the organization. The
remuneration structure that has been developed by the organization is mainly based on two
major components that include, fixed remuneration and the variable risk related components.
The short term incentive plan and long term incentive plan have been developed by
Woolworths in order to improve the performance levels of the employees. The short term
incentive plan is applied to most of the employees who are a part of Woolworths (Alagaraja
and Shuck 2015). On the other hand, long term based incentive plans are applicable to all the
employees of Woolworths. Performance development is considered to be a major aim of the
performance initiative that has been implemented by the organization. The company conducts
a review every year in order to analyse the performance levels of the employees. The Key
Performance Indicators are considered to be highly important for the initiatives that have
been implemented by the organization (Aliyu, Rogo and Mahmood 2015). The performance