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Employee Retention of Ecolab

Discuss Employee Retention of Ecolab within the Human Resources Management (H.R) forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; Employee Retention of Ecolab : Ecolab, Inc. (NYSE: ECL; known as Economics Laboratory prior to 1986)[1] is a St. Paul, ...

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Pratik Kukreja
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Employee Retention of Ecolab - April 8th, 2011

Employee Retention of Ecolab : Ecolab, Inc. (NYSE: ECL; known as Economics Laboratory prior to 1986)[1] is a St. Paul, Minnesota based sanitation supply company founded in 1923.
The company provides sanitation and pest control supplies, foodservice equipment repair and parts, food safety services and consulting to restaurants, hospitals, food and beverage plants, laundries, schools, retail and commercial properties.[2] With sales of $5.5 billion and more than 26,000 sales-and-service associates, Ecolab Inc. is the global leader[3] in cleaning, sanitizing, pest elimination services, food safety and infection prevention products and services. Ecolab delivers comprehensive programs and services to foodservice, food and beverage processing, healthcare, and hospitality markets in more than 170 countries.
Ecolab sells chemical products used by beef and poultry processors to reduce pathogens, such as E. coli and salmonella, on uncooked beef and poultry.[4]
The company stock is a component of the Standard and Poor's 500.[5]
In 2010, Ecolab was named one of the “World's Most Ethical Companies” by Ethisphere magazine. The extensive research process included reviewing over 10,000 of the world's leading companies on six continents. Fewer than 100 companies were chosen for the award.[6]
In 2010, Ecolab was ranked #365 in Fortune 500 magazine, moving up seventy three spots over last year. Ecolab also ranked 228 in terms of market value, 183 on return on sales, 111 for return on total assets, 131 for return on equity and 72 in total return (stock price plus dividends) to shareholders over the ten years ending in 2007.

the Twin Cities metro area is a region, and a regional approach to business retention and recruitment is smart. We appreciate the idea of regional economic development and new efforts to make it happen.

But, with all due respect and regard for regionalism, we say: Ecolab, we're glad you're staying in downtown St. Paul.

Late last week, we learned that Ecolab, a commercial supplier of cleaning supplies and pest control services with a downtown St. Paul workforce of about 1,300 people, had re-signed a lease on a 150,000-square-foot building on Wabasha Street. The building houses 550 employees and is adjacent to the corporate headquarters. Ecolab had examined alternative sites because its lease on that building was expiring.

St. Paul's director of planning and economic development, Cecile Bedor, said her department had worked closely with Ecolab on the lease renewal. Ecolab is an important anchor downtown, and CEO Doug Baker has been a key community leader, Bedor said. "We are thrilled that they will remain in downtown St. Paul," she said.

"We're happy to be here," company spokes-man Mike Monahan told reporter Gita Sitaramiah. "We like downtown St. Paul."

We also send best wishes to the new owner of the historic Pioneer-Endicott buildings, residential dev-eloper Pak Properties, led by Rich Pakonen. As Sitaramiah reported, the 16-story Pioneer Building downtown was St. Paul's earliest skyscraper and later was connected to the six-story Endicott.

Ecolab understands that a comprehensive benefits program is important to you and your family. That is why our benefits go beyond simply caring for your health. We also offer programs to help you plan for your financial future.

Your benefits package is also an important part of your total compensation, including Ecolab’s contribution toward Social Security and Workers’ Compensation. On average, Ecolab benefits add about 40% to your total compensation. While Ecolab pays for the entire cost of several benefit options, you contribute to the cost of others. By sharing the cost of our benefits plans, we are able to provide high quality programs while controlling the cost.

Ecolab understands that a comprehensive benefits program is important to you and your family. That is why our benefits go beyond simply caring for your health. We also offer programs to help you plan for your financial future.

Your benefits package is also an important part of your total compensation, including Ecolab’s contribution toward Social Security and Workers’ Compensation. On average, Ecolab benefits add about 40% to your total compensation. While Ecolab pays for the entire cost of several benefit options, you contribute to the cost of others. By sharing the cost of our benefits plans, we are able to provide high quality programs while controlling the cost.

Overview
The Audit Committee is composed entirely of independent directors. The Committee fulfills, and assists the Board of Directors' oversight of, its responsibilities to monitor:
the quality and integrity of our consolidated financial statements and management's financial control of operations,
the qualifications, independence and performance of the independent auditors,
the role and performance of the internal audit function, and
our compliance with legal and regulatory requirements. The Committee meets regularly and privately with our management and internal auditors, and with our independent registered public accounting firm, PricewaterhouseCoopers LLP.

Benefit Plan Ecolab Pays Entire Cost Ecolab and You Share the Cost You Pay entire Cost
Ecolab Medical Plans

Ecolab Prescription Drug Plans

Ecolab Dental Plan

Ecolab Vision Plans

Basic Life Insurance

Basic AD&D Insurance

Business Travel Accident Insurance

Optional Life/AD&D Insurance

Optional Spouse/Domestic Partner Life Insurance

Optional Dependent Child(ren) Life Insurance

Health Care Flexible Spending Accounts

Dependent Care Flexible spending Accounts

Employee Assistance Plan

Short-Term Disability Plan*

Long-Term Disability Plan **

Ecolab Savings Plan

Ecolab Pension Plan

Employee Stock Purchase Plan*

Personal Plans (Home, Pet, Auto, Long Term Care)

Vacation

Holidays

Other Time Off

Educational Assistance Program

Work and Family Programs
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Last edited by bhautik.kawa; July 20th, 2016 at 12:19 PM..
   
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