pratikkk

MP Guru
Cisco Systems, Inc. (NASDAQ: CSCO, NYSE: CSCO, SEHK: 4333) is an American-based multinational corporation that designs and sells consumer electronics, networking, voice, and communications technology and services. Headquartered in San Jose, California, Cisco has more than 70,714 employees and annual revenue of US$ 40.0 billion as of 2010. The stock was added to the Dow Jones Industrial Average on June 8, 2009, and is also included in the S&P 500 Index, the Russell 1000 Index, NASDAQ 100 Index and the Russell 1000 Growth Stock Index.[4] Cisco is one of the world's biggest technology corporations.

Increase Employee Retention

Retailers typically face high levels of employee turnover. Cisco TelePresence can help reduce turnover by improving hiring processes and delivering face-to-face training, which can increase employee competence and job satisfaction. Information from headquarters can be communicated more effectively to help improve store profitability and customer satisfaction.
Cisco TelePresence delivers a unique, simulated in-person experience with remote participants, to help you:
Accelerate decision-making and responsiveness
Increase productivity while reducing travel stress and cost
Share specialized resources among all store locations

Retail is a challenging industry, even in the best economic climates. Operational and energy costs are rising, which narrows profit margins. At the same time, consumers hold high expectations of their shopping experiences, requiring you to find new ways to continuously differentiate your brand and products while delivering high levels of customer service. Even when consumers shop and spend less, you cannot raise prices to offset higher costs and lower revenue without the risk of losing customers to competitors. As consumers reduce spending during turbulent economic conditions, you are challenged to maintain both profitability and consumer loyalty.

Gain Competitive Differentiation
Cisco TelePresence solution delivers immediacy and accelerates ninitiative execution. For example, a large consumer electronics retailer is rapidly expanding its share in new markets, both domestic and global. Using Cisco TelePresence, the company can quickly assemble headquarter executives, local employees, and project leads. Headquarters-based executives can scale their management expertise and insight and provide guidance to multiple stores across the globe with minimal travel, improving their productivity. Cisco TelePresence is used to recruit local talents remotely while maintaining a strong brand presence and identity. By deploying Cisco TelePresence solution the retailer is able to differentiate itself against competitors with timely execution of initiatives based on input from pertinent stakeholders at a fraction of the cost.
Improve Supply Chain Efficiency
Collaboration with critical supply chain members can help accelerate product innovation, time to market, and response to trends. U.S.-based Procter & Gamble uses Cisco TelePresence solutions to link 138,000 employees in dozens of countries and improve collaboration among its product teams and outside creative agency. The ability to collaborate in real time enables the company to stimulate innovation and reduce time to market for new products. Other Cisco customers have been able to quickly tune product selections, adjust pricing strategies, and take advantage of unexpected buying opportunities by using Cisco TelePresence to link essential members of their global supply chains.

Competent businesses are adept at hiring and firing workers. Great businesses however are skilled at developing and deploying talent in ways that continuously grow their experience, stretch their abilities and enable their achievements. Creating work environments that promote people agility across jobs and organizational boundaries is the next imperative for companies seeking competitive advantage through their talent. It is surprising how few companies develop and move their talent around the organization. They know how to recruit stars, fire failures and replace leavers – but few seem to know how to provide one of the most important factors in retaining talent – opportunities to achieve, move and grow – within the company. Ever hire a star only to see them leave in frustration 9-18 months later because they felt stuck? Or experience shock when an outstanding performer leaves your company after 5 years because they were ‘too valuable’ in their current job to be allowed to move to a different position or department? So instead, they moved to a different company. There are many organizational and cultural reasons why companies constrain talent. Performance obsessed managers are often reluctant to give up the people resources they feel are needed to achieve ever more challengingly goals and performance objectives. This short sighted behavior is reinforced by management and incentive systems that reward business results but not development of people. HR and line managers often lack the tools and information to understand and manage the supply and demand of people and skills dynamically. Thus they are likely to be slow and reactive in responding to shifts in skill requirements and opportunities to grow new competencies. They may also be prone to rely on traditional hiring and firing processes as a means of matching skills demand and supply rather than more complex retraining and redeployment of existing resources

Employee needs change depending on their personal and family circumstances. With an increasingly multigenerational work force, employers are designing methods to attract new talent and retain experienced professionals. While compensation may be a solution for some employers, other companies turn to nontraditional means to maintain productive, satisfied and engaged workers. Innovative benefits programs include an array of options never before offered by employers or even considered possible by employees.

On-Site Child Care
Working parents may discover that balancing family obligations and professional responsibilities can be difficult. On-site child care or subsidized child care benefits are popular among working parents. There's peace of mind knowing your children are in close proximity to your workplace. Employer-sponsored day care facilities are convenient for commuters and employees whose job responsibilities require them to work alternate shifts or longer hours. In addition to the convenience factor, pre-tax dollars set aside through employers' dependent care accounts make this employee benefit doubly attractive.

Employee Wellness
Overall health and wellness aren't just for new year's resolutions, according to employers who offer discounts on fitness and gym memberships. Employers encourage their employees to adopt healthy lifestyles through providing easy access to means that improve employee wellness. Wellness benefits also include workplace seminars and workshops on alternative, nonmedical topics such as meditation, yoga or other low-impact activities. Participating in these activities strengthens the mind and body, which translates into productive employees who may be better equipped to manage workplace and interpersonal relationships.

Employee Concierge
Imagine not having to stop at the dry cleaner on the way home, or enjoying a relaxing meal during your lunch hour without rushing to squeeze in multiple errands during an hour's time midday. Forward-thinking employers realize the value of time management and the stress employees encounter in achieving a work-life balance. Employers who offer concierge services give their workforce the luxury of simply handing over a to-do list to someone whose sole job is to provide errand services for employees.

Employee Retreats
An innovative employee benefit employees' families can enjoy are annual retreats. This can be an expensive benefit offering; however, employees who combine their family vacation with a work retreat may actually save money. Some employers have been known to host all-expenses paid retreats for employees to exotic destinations where there are activities for working adults and their children.
 
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