Question: *please help* Based on the content provided: 1. What are some suggestions for improvement of General Mills' Performance Measurement and Incentive Plan? 2. What are
*please help*
Based on the content provided:
1. What are some suggestions for improvement of General Mills' Performance Measurement and Incentive Plan?
2. What are the Pros and Cons of the current plan(s)?


Benefits Hore are a few ghlights of the benefits General Mils offers Pay Employees cam a compartitive salary and annual bonus when they mout our ambitious goals Salaries are you wodach year, with increases based on performance and the market value of the position Annual cash bonuses are based on performance individual company and in som buss Medical, dental and vision General Mills offers omplaces and agible dependents medical, dontal and vision plans starting on the day of employment. Coverage is able to amployees in all locations employees more time to make adjustments and focus priorities as needed. We prepared managers with training and resources Setting priorities: In the past employees worked with their managers to establish a list of objectives for their development in 2014, we began mplementing a shift to setting a smaler number of focused priorities - and going through the process earlier in the year so employees have more time to achieve them Communicating impact: We provided extensive training to help managers comunicate with employees about changes designed to more accurately reward employees for desired performance Changes included adjustments to performance evaluation pay and job classifications. We trained 1340 people - 8 percent of managers in the US and Canada in 2016 Retirement and savings plans General Mis offers tools and resources to manage current and future savings goals. Engibility for General Mit 40100 Pun starts on the first day of employment Employees can recondenti ducation managing money college and tax swings, and more Stock options and ownership Company stock is avatable in the Plan. Our voluntary stock purchase program allows another ownership opportunity Annual stock option grants are available to some management over amployees Insurance long-term care legal and auto and homeowners Insurance is plus company pand short and long term disability insurance Educational assistance Loans and scholarship opportunities are valable for employees and family members, plus rambursement for job-related courses Employees may be slig ble for an unpaid love of thoston Flexible work arrangements We offertlecommuting time and part-time arrangements whore business conditions Through our FUSE Flexible Use Shared Environment) program malayot create workspaces that prove collaboration and acancy Performance & Rewards Compensation and benefits We make food people love. We also provide a choice of benefits that our crployees love Our briefits program Total Rewards includes comprehensive and competitive offerings that work together to enhance employees overall well-beinig - at work and inte 64-LA10, LAT Parenting benefits Generalforsamty low boots to birth mothers and sofos benefits to now fathers and adoptive parents Credit Union Employous and their families are for complete banking and facial service from the General Mills Federal Credit union established in 1915, Performance management and rewards Maternity Leave Performance management Each year, approximately 14.000 General Mills employees globally participate in our performance management process. The process includes setting priorities, frequent chockins and foedback and a formal performance evaluation process. Employees also create individual development plans as part of the process further helping to facilitate and encourage professional development and growth Expanded employee benefits At General putopistand that start with our malaysia on the generation wwwth Www out a lot of time and with me and wings about their ponts and what contributes to fing 18-20 Parental Leave Recognition Our Champions Award celebrates outstanding achievements and leadership by individuals and tears at General Mills. Since the late 1980s we have been recognizing award recipients who have overcome obstacles with determination and persovered to deliver significant results for our business, our employees and our communities. Based on our Champions Award criteria, employees are able to nominate colleagues who exempty Our core values play to win: win as a team act body and move quickly grow and inspire and do the right thing all the time in 2018. we added Engaging Leader behaviors to the criteria Seventy Champions Award winners were selected in 2018 Go 12 WEENS in August 2018 wounded amployee benefits beginning in fc 2010 for wry including Encu mwand for other parts Leave for at testes 123 Set Priorities Check Progress Now improved berament wave and short tormidability benefit Expanded benefits obiity to include compartir AGuna is performance management Employee well-being Our approach We believe that providing wellness opportunities for our employees and their families is crucial to upholding our company values Caro - We support our employees career development with numerous opportunities for personal and professional growth as well as resources to promote work/life balance Learn more Our progress In April 2019, we launched our new My Well-being program in the US that takes a holistic approach and Supports many aspects of well-being A sampling of our programs includes Physical - We encourage good nutrition, affer employees healthy dining choices and programs at our facilities, and provide opportunities to increase physical activity Emotional - Our Life Works Employee Assistance program helps buld restency through counseling emotional support and referrals for US. amployees and their families In 2018 we added a digital sloop program focused on helping those with troubled sloep get the resources and are they need. In 2019, we are changing the way we aproach mental health: We've started by adding digital ways to engage with counseling support and resources to holproduce barriers and start breaking the stigma Many locations also offer stress and resilience programs Financial - We support the financial well-being of our employees by providing them with competitive programs resources salaries and benefits. Learn more. We also have financial wellness tools and resources that allow employees and families to get on track toward their short and long-term financial goals Social/community. We help connect employees with community based programs where they can volunteer receive support and strengthen connections Learn more about our community angagement programs in the ou Community section of this report Benefits Hore are a few ghlights of the benefits General Mils offers Pay Employees cam a compartitive salary and annual bonus when they mout our ambitious goals Salaries are you wodach year, with increases based on performance and the market value of the position Annual cash bonuses are based on performance individual company and in som buss Medical, dental and vision General Mills offers omplaces and agible dependents medical, dontal and vision plans starting on the day of employment. Coverage is able to amployees in all locations employees more time to make adjustments and focus priorities as needed. We prepared managers with training and resources Setting priorities: In the past employees worked with their managers to establish a list of objectives for their development in 2014, we began mplementing a shift to setting a smaler number of focused priorities - and going through the process earlier in the year so employees have more time to achieve them Communicating impact: We provided extensive training to help managers comunicate with employees about changes designed to more accurately reward employees for desired performance Changes included adjustments to performance evaluation pay and job classifications. We trained 1340 people - 8 percent of managers in the US and Canada in 2016 Retirement and savings plans General Mis offers tools and resources to manage current and future savings goals. Engibility for General Mit 40100 Pun starts on the first day of employment Employees can recondenti ducation managing money college and tax swings, and more Stock options and ownership Company stock is avatable in the Plan. Our voluntary stock purchase program allows another ownership opportunity Annual stock option grants are available to some management over amployees Insurance long-term care legal and auto and homeowners Insurance is plus company pand short and long term disability insurance Educational assistance Loans and scholarship opportunities are valable for employees and family members, plus rambursement for job-related courses Employees may be slig ble for an unpaid love of thoston Flexible work arrangements We offertlecommuting time and part-time arrangements whore business conditions Through our FUSE Flexible Use Shared Environment) program malayot create workspaces that prove collaboration and acancy Performance & Rewards Compensation and benefits We make food people love. We also provide a choice of benefits that our crployees love Our briefits program Total Rewards includes comprehensive and competitive offerings that work together to enhance employees overall well-beinig - at work and inte 64-LA10, LAT Parenting benefits Generalforsamty low boots to birth mothers and sofos benefits to now fathers and adoptive parents Credit Union Employous and their families are for complete banking and facial service from the General Mills Federal Credit union established in 1915, Performance management and rewards Maternity Leave Performance management Each year, approximately 14.000 General Mills employees globally participate in our performance management process. The process includes setting priorities, frequent chockins and foedback and a formal performance evaluation process. Employees also create individual development plans as part of the process further helping to facilitate and encourage professional development and growth Expanded employee benefits At General putopistand that start with our malaysia on the generation wwwth Www out a lot of time and with me and wings about their ponts and what contributes to fing 18-20 Parental Leave Recognition Our Champions Award celebrates outstanding achievements and leadership by individuals and tears at General Mills. Since the late 1980s we have been recognizing award recipients who have overcome obstacles with determination and persovered to deliver significant results for our business, our employees and our communities. Based on our Champions Award criteria, employees are able to nominate colleagues who exempty Our core values play to win: win as a team act body and move quickly grow and inspire and do the right thing all the time in 2018. we added Engaging Leader behaviors to the criteria Seventy Champions Award winners were selected in 2018 Go 12 WEENS in August 2018 wounded amployee benefits beginning in fc 2010 for wry including Encu mwand for other parts Leave for at testes 123 Set Priorities Check Progress Now improved berament wave and short tormidability benefit Expanded benefits obiity to include compartir AGuna is performance management Employee well-being Our approach We believe that providing wellness opportunities for our employees and their families is crucial to upholding our company values Caro - We support our employees career development with numerous opportunities for personal and professional growth as well as resources to promote work/life balance Learn more Our progress In April 2019, we launched our new My Well-being program in the US that takes a holistic approach and Supports many aspects of well-being A sampling of our programs includes Physical - We encourage good nutrition, affer employees healthy dining choices and programs at our facilities, and provide opportunities to increase physical activity Emotional - Our Life Works Employee Assistance program helps buld restency through counseling emotional support and referrals for US. amployees and their families In 2018 we added a digital sloop program focused on helping those with troubled sloep get the resources and are they need. In 2019, we are changing the way we aproach mental health: We've started by adding digital ways to engage with counseling support and resources to holproduce barriers and start breaking the stigma Many locations also offer stress and resilience programs Financial - We support the financial well-being of our employees by providing them with competitive programs resources salaries and benefits. Learn more. We also have financial wellness tools and resources that allow employees and families to get on track toward their short and long-term financial goals Social/community. We help connect employees with community based programs where they can volunteer receive support and strengthen connections Learn more about our community angagement programs in the ou Community section of this report
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
