Cypress: Alignment and Hr Strategy
Cypress Semiconductor
Qn: Is the Cypress strategy aligned with its HR strategy? Why or why not?
Cypress Semiconductor’s strategy mainly focuses on:
• Winning: Provide the best and does not tolerate losing. o Hiring the best people o Reward based on meritocracy o Maximizing revenue
• Innovation o Leading the innovation: best product, lowest pricing. o Constantly improving.
Alignment to HR strategy
Areas that the Cypress strategy aligns with its HR strategy:
1. Ownership
Threats employees like entrepreneurs. Allowing employees to run the business like their own actually gave them empowerment and vested interest to do their personal best for their job. Positive results are treated with high return and recognition. This also in turn ensured maximum revenue and profits for their projects.
2. Career Opportunities
Cypress Semiconductor is extremely aggressive to hire the best fit of people for their business. They will go to lengths of hiring the best people and pay them adequate compensation to retain them in the company.
3. Compensation
Meritocracy in nature, the compensation scheme maintains that outstanding performers are rewarded, non-performers are eliminated. Stock options were given to performers to instill a sense of ownership in the company and the last 3% are deemed as non-performing and are unacceptable.
4. Hiring
The almost military clock-work style in their hiring actions quick and precise. Offering at onset of the interview is an aggressive style in hiring and would probably a unique and effective way to get the people they want. Basically, Cypress is hiring people with the winning mentality, they are more likely to be looking for leaders in the hiring process. They will hire the people who can make quick and tough decisions and the candidates they hire are already pre-selected. The whole process of hiring I feel is indeed indigenous as it is self-eliminating. Survival of the toughest ensured that the best in the industry joined.
Qn: Is the Cypress strategy aligned with its HR strategy? Why or why not?
Cypress Semiconductor’s strategy mainly focuses on:
• Winning: Provide the best and does not tolerate losing. o Hiring the best people o Reward based on meritocracy o Maximizing revenue
• Innovation o Leading the innovation: best product, lowest pricing. o Constantly improving.
Alignment to HR strategy
Areas that the Cypress strategy aligns with its HR strategy:
1. Ownership
Threats employees like entrepreneurs. Allowing employees to run the business like their own actually gave them empowerment and vested interest to do their personal best for their job. Positive results are treated with high return and recognition. This also in turn ensured maximum revenue and profits for their projects.
2. Career Opportunities
Cypress Semiconductor is extremely aggressive to hire the best fit of people for their business. They will go to lengths of hiring the best people and pay them adequate compensation to retain them in the company.
3. Compensation
Meritocracy in nature, the compensation scheme maintains that outstanding performers are rewarded, non-performers are eliminated. Stock options were given to performers to instill a sense of ownership in the company and the last 3% are deemed as non-performing and are unacceptable.
4. Hiring
The almost military clock-work style in their hiring actions quick and precise. Offering at onset of the interview is an aggressive style in hiring and would probably a unique and effective way to get the people they want. Basically, Cypress is hiring people with the winning mentality, they are more likely to be looking for leaders in the hiring process. They will hire the people who can make quick and tough decisions and the candidates they hire are already pre-selected. The whole process of hiring I feel is indeed indigenous as it is self-eliminating. Survival of the toughest ensured that the best in the industry joined.