Mcdonald's Essay

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Running Head: MCDONALD’S CASE STUDY McDonald’s Case Study Assignment #1 Tammie Y. Harris Professor Laina Molaski, PhD. Talent Management-HRM532007VA016-001 July 15, 2013 MCDONALD’S CASE STUDY Abstract McDonalds, for the first time records loss in its history in 2002, which calls for company’s immediate attention to improve its Talent Management to arrange all goals and strategies. This process will help the company to achieve long term growth and success. In this case study, McDonalds implements initiatives to strengthen the company. The case study discusses how and why the changes were made, how they were implemented, and the impact it had on the business future success. MCDONALD’S CASE STUDY Outline the talent management program that led to success for the company. In order to achieve success, McDonalds primarily decide to redesign their performance development system for all positions within the company. The current system is based on performance, in which all employees are measures falsely representing excellent or above average reviews while the company was becoming insolvent. McDonalds have introduced performance drivers to measure how they achieve their accomplishments. The company also introduces four point rating and a new compensation incentive. All candidates potential were revised on the basis of their specific abilities that restricts that no more than 25% of the managers in a year to be eligible to be “ready now” or “ready for the future”. McDonalds for all of its officer level positions introduced a stringent and transparent Talent Review Process. It allows president’s from each division from all over the world to meet and discuss their leadership capabilities, divisional diversities and extension of their talents. All the answers are gathered to create a template of

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