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Best Practice Sharing Initiatives<br />
It is vital for any global company to share practices that can be duplicated elsewhere. In fact, the ability to identify and<br />
implement ‘good’ or ‘best’ practices is the competitive advantage a global company has to offer against local operators. To<br />
kick off a more formal process in 2008, we initiated the Global Best Practice sharing event at the SLC which will be executed<br />
locally at Zone LPC events throughout the year. This will be a standard process every year. At the LPCs, submissions fall into<br />
in five categories:<br />
1. ZBB<br />
2. Supply & Logistics<br />
3. Commercial<br />
4. <strong>People</strong><br />
5. Other<br />
No more than three of these submitted practices are selected for presentation at the Zone LPC Best Practice fair. This is in a<br />
‘science fair’ format where people rotate from one booth to another to view and judge the practices that are presented by the<br />
owners themselves. The judging is based on the following criteria:<br />
1. The impact the practice had on results in the zone of origin<br />
2.The applicability of the practice in other areas of the business, zone, or globally<br />
3. The potential for results elsewhere if implemented.<br />
For each category, there is one winner and these are declared at the end of the LPC event. The best of these can then be submitted<br />
to the global event held each year at the SLC.<br />
These reward initiatives are only part of the engagement story. Each year, InBev measures Engagement through our company<br />
survey which in 2007 had an amazing response rate of 67%. Almost two-thirds of respondents said they have received some<br />
form of recognition, according to a poll in Feb 2007. But this means that 35% said they haven’t received any form of recognition<br />
at all. Receiving personal congratulations from a manager ranked first out of 67 potential sought-after incentives. Improvements<br />
are made each year based on action plans that come right from our Executive Board of Management which have these results<br />
in their targets each year.<br />
Things must be going well as InBev jumped one spot in the beverage category in the Fortune 500 list of the World’s Most<br />
Admired companies, ahead of Diageo. InBev is fifth overall and second among major brewers.<br />
Case study InBev recognized as a Most Admired Company<br />
The 2008 Fortune 500 World’s Most Admired Companies survey ranked InBev fifth among beverage companies ahead of<br />
Heineken and SABMiller. About 1500 executives in 26 countries are asked for their opinion, and companies nominated in this<br />
survey are all recognizable by their ability to execute consistently, to maintain stable leadership and to constantly innovate.<br />
Fortune first began publishing their rankings in 1997, and have since established a reputation for accurately identifying top<br />
employers around the world.<br />
Right results leading to the Right Rewards<br />
In a culture of ownership, InBev believes that people should have some of their pay based on the results they achieve.<br />
To make this work, InBev will ensure compensation well above the industry average, but only if targets for the individual and<br />
company are achieved. This is pay for performance and we find that some of the best talent in the world really appreciates<br />
this philosophy.<br />
InBev Citizenship 08<br />
<strong>People</strong> and Community 10