Examine The Approach Trader Joe
1. Examine the approach Trader Joe’s uses to promote a positive work environment for its employees. Determine at least three (3) ways in which Trader Joe’s is able to increase job satisfaction and performance.
Trader Joe's has become a multi-billion dollar national chain partly through its ability to find cheap real estate, skip name brands and smartly manage its supply chain.
Trader Joes is a company that truly appreciates it employee. They literally put their money where its mouth is. This company has no problem with compensating its employees. They make considerably more than its competitors also they are given a generous discount with instore purchases. Each employee is also given a great compensation package.Compensation within this company is great. Manager can potentially earn over 120,000 per year. They only hire from within. Another area in which Trader Joe's excels is in showing people what some call the "rainbow" or "light at the end of the tunnel." Demonstrating that there is a career path, or at least opportunities for advancement, helps bring higher-quality people into the organization from the outset. "It's good that [Trader Joe's has] been able to show how people move up in the organization and that it's not necessarily going to take six or seven years of scanning products to get there," Arnold says. "You have to show them they can move up in one or two years, or else you start to lose good people."
1. Determine how Trader Joe’s uses the management process (planning, organizing, leading, and controlling) to develop its employees.
Potential Managers are sent to Trader Joe Univerity to learn the company. With this training they are able to run the store according to Trader Joes guidelines. They Have an intense loyalty to the company. Managers are able to teach part-time employee how to handle their customers and give them the loyalty they exspect.
1. Suggest two (2) ways that leaders can effectively manage relationships in general by using the
Trader Joe's has become a multi-billion dollar national chain partly through its ability to find cheap real estate, skip name brands and smartly manage its supply chain.
Trader Joes is a company that truly appreciates it employee. They literally put their money where its mouth is. This company has no problem with compensating its employees. They make considerably more than its competitors also they are given a generous discount with instore purchases. Each employee is also given a great compensation package.Compensation within this company is great. Manager can potentially earn over 120,000 per year. They only hire from within. Another area in which Trader Joe's excels is in showing people what some call the "rainbow" or "light at the end of the tunnel." Demonstrating that there is a career path, or at least opportunities for advancement, helps bring higher-quality people into the organization from the outset. "It's good that [Trader Joe's has] been able to show how people move up in the organization and that it's not necessarily going to take six or seven years of scanning products to get there," Arnold says. "You have to show them they can move up in one or two years, or else you start to lose good people."
1. Determine how Trader Joe’s uses the management process (planning, organizing, leading, and controlling) to develop its employees.
Potential Managers are sent to Trader Joe Univerity to learn the company. With this training they are able to run the store according to Trader Joes guidelines. They Have an intense loyalty to the company. Managers are able to teach part-time employee how to handle their customers and give them the loyalty they exspect.
1. Suggest two (2) ways that leaders can effectively manage relationships in general by using the