qualcomm communications

11
Qualcomm A peek into R&R practices April 2012

Upload: best-workplaces-conference

Post on 01-Nov-2014

5.669 views

Category:

Business


1 download

DESCRIPTION

 

TRANSCRIPT

Page 1: Qualcomm Communications

Qualcomm – A peek into R&R practices

April 2012

Page 2: Qualcomm Communications

2

Fortune 500 Company

Member of the S&P 100 & 500 Indexes

Celebrating more than 25 years of driving the evolution of wireless communications

World’s largest fabless semiconductor company, #1 in wireless

Making wireless more personal, affordable and accessible to people everywhere

2011 All-America

Executive Team

Award Winner

Page 3: Qualcomm Communications

3

WIRELESS

COMPANY

FABLESS

COMPANY

RFIC

COMPANY

SEMICONDUCTOR

COMPANY

Leading the Semiconductor Industry

Source: iSuppli for Dec. 2010

Page 4: Qualcomm Communications

4

Total Rewards Programs

Page 5: Qualcomm Communications

5

The Total Rewards package

Page 6: Qualcomm Communications

6

Unique Practices

Semi Annual Review Process

Total Rewards programs are composed of three main categories:

• Fixed Pay – Base Salary • Reflects the competitive market, maintains internal equity across jobs, provides the

ability to recognize individual contributions

• Generous Health And Benefits Programs • Provide extensive protection and security for employees and their families

• Examples: QFlex, recognition of life events, vacation donation programs

• Variable Awards • Offer rewards for meeting and exceeding company and individual goals

• Performance bonus and retention stock grants • Qualstar/Super Qualstar Awards

Retaining the high performers, recognizing efforts, recognizing and rewarding areas over and above role performance; practices that are generous & thoughtful

Page 7: Qualcomm Communications

7

What is unique about your Rewards and Recognition philosophy?

• Our strategy is simple – multiple programs offering varying levels of value, from simple ways of saying, “Thanks!” to customized awards

• Wide range of tools and ideas – both formal and informal – so that they may offer meaningful and timely rewards and powerful recognition

• Full spectrum of recognition tools • Qcards - eCards • Qualstars • Super Qualstars • Division and Custom awards • Patent awards

• All employees are eligible and anyone can make a nomination

• Resources to learn tips about how to and why of recognition • Includes process notes, links to recognition tools and guides for presenting awards

Page 8: Qualcomm Communications

8

Recognition Programs

Page 9: Qualcomm Communications

9

Methods used to ensure transparency, fairness in assessments for rewards/recognition

Fairness - Varied review mechanisms based on process/tool being used Employees have the option to Agree/Partially Agree/Disagree with their performance

reviews delivered by the Manager Role of Human Resources is to engage with employee to understand and act on

concerns

Transparency and Equity:

MySource – Employee Self service portal with access to information on programs, policies, guidelines etc.

Semi-annual review of internal equity and market positions for similar positions based on knowledge, skill, ability, and responsibility.

We strive to keep pace with our changing marketplace and business needs by doing salary surveys twice a year.

Nominations for recognition not only manager driven; peer-peer recognition encouraged

Page 10: Qualcomm Communications

10

Measuring effectiveness of the practices

Effectiveness assessed through varied sources • HR Open houses • Skip Level Meetings • Climate Survey ( Organization wide survey) • 1 on 1 Feedback • Analytics on Rewards Usage Pattern • Benchmarking

Page 11: Qualcomm Communications

Thank you