Hasbro’s total reward philosophy is simple: our employees deserve to be compensated fairly and competitively in return for their contribution
Hasbro enjoys excellent employee and labor relations. Periodically, the company surveys employees on a variety of workplace dimensions and in 2006 completed a global on-line survey in 12 areas including: Pride & Commitment, Leadership, Compensation & Benefits; Clarity of Strategy; Career Development; Teamwork; Customer Satisfaction & Quality; Performance Management; Performance Enablement; Treatment & Fairness; Diversity & Work-life Balance; and Communication.
While the survey prompted some action to improve a few aspects of our workplace environment, employee feedback was overwhelmingly positive, with 80% of employees worldwide indicating they would recommend Hasbro to others as a good place to work and 70% overall satisfaction with Hasbro. This strong positive sentiment is also reflected in the company’s relatively low voluntary turnover rate in the U.S. of less than 7% in our salaried workforce.
Hasbro maintains two games manufacturing facilities, one in East Longmeadow, MA, USA and the other in Waterford, Ireland. Production workers in both facilities are represented by unions/works councils and both environments enjoy excellent labor-management relations. There have been no work interruptions attributable to labor actions.
The company also works closely with other individual country works councils throughout Europe. Annually Hasbro convenes the Hasbro European Employees Forum (HEEF) for representatives from the European works councils. The aim of the HEEF is to provide information about the company’s performance as well as to provide insight into future business developments and initiatives. The most recent HEEF occurred in June 2007 in Nice. There were attendees from the works councils in UK, France, Belgium, Ireland, Spain, Germany, and Poland. Some of the agenda subjects included an update on company performance, Direct to Consumer business model, environmental and “green” initiatives, and emerging markets.
success. The company benchmarks its competitive position in the relevant labor markets in establishing competitive pay and benefits programs. Hasbro strives to be an employer of choice around the world. Wherever practical, Hasbro believes in emphasizing a strong pay for performance perspective in each employee’s total rewards package through merit based pay increases and variable bonus programs based upon company, business unit and individual performance.
In many Hasbro locations around the globe, considerable workplace flexibility has been employed on a local level to provide employees and management with the ability to adapt company-wide programs to fit local environments. For instance, our Hasbro Hours program provides for compressed work schedules at the beginning of the work week that allow for half work days on Fridays and alternative work schedules to accommodate family commitments. Hasbro’s Wizards of the Coast unit in Renton, WA, U.S. offers an on-site child care facility. Other locations, including both Rhode Island locations, offer on-site exercise facilities.
