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Employee Retention of C. H. Robinson Worldwide

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Pratik Kukreja
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Employee Retention of C. H. Robinson Worldwide - April 6th, 2011

Employee Retention of C. H. Robinson Worldwide : C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) is a Fortune 500 third-party logistics provider which provides domestic and international freight transportation and logistics services.
Charles Robinson (born in New York City) incorporated C.H. Robinson Company in 1905 in the city of Grand Forks, North Dakota, as a produce and general merchandise brokerage firm. After several years, Robinson expanded their business to address the complex problem of how to transport and distribute perishable products by horse and buggy before they spoil.
In 1968, the company entered the regulated trucking business with a contract carrier known as Meat Packers Express, and later created ROBCO Transportation as an irregular route carrier. Robinson became wholly owned by its employees in 1976. In 1978, The Fresh1 brand was introduced for Robinson’s produce brokerage business. Robinson bought its first IBM mainframe in 1979, which began an era of centrally supported technology, electronics communications and information sharing.
The passage of the Motor Carrier Act of 1980 deregulated transportation, allowing C.H. Robinson to act as a freight brokerage for any type of product. In 1986, ROBCO was divested and Robinson became a completely non-asset based logistics provider. The company went public on October 16, 1997, as C.H. Robinson Worldwide (NASDAQ: CHRW).
On March 4, 2010, Fortune magazine named C. H. Robinson as the most admired transportation, trucking, and logistics company in the world.

C.H. Robinson Worldwide, Inc. (C.H. Robinson) is one of the largest third party logistics (3PL) companies in the world with operations in the United States, Canada, Mexico, Europe, Asia, and South America.

Simply put, we help our customers ship their products around the world, managing the transportation and logistics of all kinds of cargo from electronics to automobile parts to fresh produce. Our customers include the people who supply raw materials and products (growers and manufacturers), the people who ship them (carriers), and the people who sell them (retail and grocery markets). We also provide our customers with valuable services and resources that drive efficiency into their systems and processes. The items that you purchase and consume every day are a direct result of the supply chain that we’ve helped keep in motion for the past 100 years.

Imagine being part of a company that maneuvers one of the most crucial systems in the world. There is no place in the world that doesn’t need or use the supply chain. It’s time to make your move. Step inside our world of career opportunities.

Our Areas of Expertise
Transportation
When companies have cargo to ship, whether by truck, train, ship, or plane, our transportation employees are ready to handle it. As one of the world’s largest transportation and logistics providers, we tap into our network of contract carriers and speed our customers’ products through the global supply chain.

Sourcing
Our Sourcing Division works with a variety of produce growers and suppliers including grocery retailers, restaurant chains, and convenience stores to nurture collaborative, value-based business. First, we work with the growers on what to plant and create brands and packaging. Then, we manage the transportation and logistics of time-sensitive produce as it travels along the supply chain, ensuring it arrives fresh and ready to eat.

Information Technology
Our business runs on innovative technology. We’ve created industry-leading systems that connect us with our customers and contract carriers and enable them to successfully manage their businesses. With visibility to orders and shipments available on our customer website, CHRWonline®, customers can track and trace their shipments. Other services such as T-Chek® and CHRWTrucks® provide support to our contract motor carriers.

Retention

At C.H. Robinson, we invest in our people and support our employees both in and outside of the office. We provide tools and resources to help our employees focus on living a healthy life by promoting overall wellness through Physical, Financial, and Emotional Wellness. These wellness resources include:

• Medical, dental, and vision insurance
• 401(k) and profit sharing
• Employee stock purchase plan
• Flexible spending accounts
• Life and disability insurance
• Paid vacation and holidays
• Employee Assistance Program

Insurance benefits are available to all employees working 30 or more hours per week. Employees are eligible for benefits on the first day of the month following 30 days of employment.

C.H. Robinson’s Legal Department has the authority to establish, maintain, and implement a comprehensive Records Retention Schedule, including updates and modifications thereto. It also has the authority to approve uniform practices, procedures, and guidelines for the management, maintenance, and destruction of documents. Adherence to the Records Retention Schedule is intended to assure that the following objectives are met:
+ All records necessary for business reasons will be retained for a period of time that will reasonably assure their availability when needed.
+ All records required to be developed and retained to document or support the company’s compliance with applicable federal, state, and local laws and regulations will be developed and retained for the required periods.
+ All records not necessary for legal or business purposes will be destroyed to reduce the high cost of space, equipment, and personnel necessary to store, organize, and handle the vast number of records when retention is no longer required.
+ Privacy and security of records will be protected.
+ Destruction of records will take place in compliance with standard procedures, in order to avoid any inference that any record was destroyed in anticipation of a specific problem.
+ All destruction procedures will be suspended when a record or group of records are placed on legal hold, which is described below.
A current version of C.H. Robinson’s Records Retention Schedule is available on the Legal Department’s WorkNet portal.
The Records Retention Schedule controls the maintenance, storage and destruction of all Company records. As a general rule, a record is any compilation of information, regardless of its physical characteristics, which was created or received by C.H. Robinson and which should be preserved because of its business or evidentiary value. The majority of the records covered bythe Records Retention Schedule are paper documents (or electronic images of paper documents) which have been created or received by C.H. Robinson. However, records may also be in the form of computer tapes and discs, microfilm, video and other electronic mediums. The Records Retention Schedule applies to all records maintained by C.H. Robinson regardless of the format in which they are maintained.






The Records Management and Retention Policy has been developed to provide all employees of C.H. Robinson with a comprehensive set of guidelines for the management, handling and disposition of company documents and information, including financial records.
Applicable Laws and Regulations
United States law, including the U.S. Foreign Corrupt Practices Act (“FCPA”), requires that C.H. Robinson’s financial records accurately reflect all transactions, including any payment of money, transfer of property or furnishing of services. These transactions must be recorded
accurately regardless of whether the transactions are legal at the place where the transaction occurs.
The FCPA establishes the following requirements with regard to record-keeping and communications. All employees are responsible to comply with the following requirements:
+ C.H. Robinson’s financial statements, accounting records and all transaction supporting documentation must accurately reflect all transactions.
+ All disbursements of funds and all receipts must be properly, accurately and promptly recorded.
+ All transactions must be recorded in reasonable detail to accurately and fairly reflect the substance of the transaction.
+ No undisclosed or unrecorded fund may be established for any purpose.
+ No false or artificial statements or entries may be made for any purpose in the records of C.H. Robinson or in any internal or external correspondence, memoranda, or communication of any type, including telephone or wire communications.
+ No employee shall intentionally allocate costs to contracts when those costs are contrary to contract provisions or accepted accounting practices.
The FCPA also requires C.H. Robinson to devise and maintain a system of internal accounting controls sufficient to provide reasonable assurances that:
+ Transactions are executed and access to assets is permitted only in accordance with management authorization and that
+ Transactions are recorded in a way so as to permit financial statements to be prepared in accordance with GAAP.
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Last edited by bhautik.kawa; July 19th, 2016 at 07:03 PM..
   
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