REI, the outdoor retailer, has become a regular on Fortune's 100 Best Companies to Work For...
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REI, the outdoor retailer, has become a regular on Fortune's "100 Best Companies to Work For" list. The year 2018 was the twenty-first consecutive year that the company was recognized on Fortune's list. REI also won a Glassdoor's Employees' Choice Award in 2018. Both awards are based on employees' opinions about what it's like working for their companies. One employee's Glassdoor review described how, at REI, there are "fellow co-workers who really, really love their jobs and love working there, and want you to love working there too. REI designed some of their benefits to appeal to employees with outdoor inter- ests. For instance, there are "Yay Days" two paid days each year for employees to participate in a favorite outdoor activity or help maintain outdoor spaces. "People lit- erally use [Yay Days] to go have fun in the outdoors. When you request your Yay Day, you tell your manager what you're doing with it," explained Raquel Karls, Senior Vice Part 5 Leading President of Human Resources at REL. The company also started the #OptOutside perk several years ago. This is an additional day off with pay on Black Friday, a day that the company now closes its stores to encourage employees and customers to enjoy the outdoors rather than work or shop. There are other benefits that aren't outdoor-oriented, but also enhance the experi- ence of being a REI employee. REI offers up to six weeks of paid parental leave. There are annual incentive plans, company contributions to employee retirement plans, and tuition reimbursement offerings All employees get a 50 percent discount on REI brands. If you work at least twenty hours per week, you are provided with health in- surance. And once an employee works at REI for fifteen years, they receive four weeks of paid sabbatical time in addition to vacation time. DISCUSSION QUESTIONS 16-11. In what ways could the work environment at REI help satisfy one of the needs in Three-Needs theory? 16-12. How could the outdoor-oriented benefits offered at REI apply to expectancy theory? 16-13. What else could REI do to improve how they motivate their employees? 16-14. What are advantages and disadvantages of hiring employees at REI who REI, the outdoor retailer, has become a regular on Fortune's "100 Best Companies to Work For" list. The year 2018 was the twenty-first consecutive year that the company was recognized on Fortune's list. REI also won a Glassdoor's Employees' Choice Award in 2018. Both awards are based on employees' opinions about what it's like working for their companies. One employee's Glassdoor review described how, at REI, there are "fellow co-workers who really, really love their jobs and love working there, and want you to love working there too. REI designed some of their benefits to appeal to employees with outdoor inter- ests. For instance, there are "Yay Days" two paid days each year for employees to participate in a favorite outdoor activity or help maintain outdoor spaces. "People lit- erally use [Yay Days] to go have fun in the outdoors. When you request your Yay Day, you tell your manager what you're doing with it," explained Raquel Karls, Senior Vice Part 5 Leading President of Human Resources at REL. The company also started the #OptOutside perk several years ago. This is an additional day off with pay on Black Friday, a day that the company now closes its stores to encourage employees and customers to enjoy the outdoors rather than work or shop. There are other benefits that aren't outdoor-oriented, but also enhance the experi- ence of being a REI employee. REI offers up to six weeks of paid parental leave. There are annual incentive plans, company contributions to employee retirement plans, and tuition reimbursement offerings All employees get a 50 percent discount on REI brands. If you work at least twenty hours per week, you are provided with health in- surance. And once an employee works at REI for fifteen years, they receive four weeks of paid sabbatical time in addition to vacation time. DISCUSSION QUESTIONS 16-11. In what ways could the work environment at REI help satisfy one of the needs in Three-Needs theory? 16-12. How could the outdoor-oriented benefits offered at REI apply to expectancy theory? 16-13. What else could REI do to improve how they motivate their employees? 16-14. What are advantages and disadvantages of hiring employees at REI who
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Intermediate Accounting Volume 1
ISBN: 9781260881233
8th Edition
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
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