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Employee Retention of Intel

Employee Retention of Intel

Discuss Employee Retention of Intel within the Human Resources Management (H.R) forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; Intel Corporation (NASDAQ: INTC) is an American global technology company and the world's largest semiconductor chip maker, based on revenue.[4] ...

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Employee Retention of Intel
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Pratik Kukreja
pratikkk is on a distinguished road
 
pratikkk
Student of PGDM at PATLIPUTRA MEDICAL COLLEGE
Jamshedpur, Jharkhand
Experienced MPite
 
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Posts: 1,222
Join Date: Mar 2011
Location: Jamshedpur, Jharkhand
Employee Retention of Intel - April 12th, 2011

Intel Corporation (NASDAQ: INTC) is an American global technology company and the world's largest semiconductor chip maker, based on revenue.[4] It is the inventor of the x86 series of microprocessors, the processors found in most personal computers. Intel was founded on July 18, 1968, as Integrated Electronics Corporation (though a common misconception is that "Intel" is from the word intelligence) and is based in Santa Clara, California, USA. Intel also makes motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphic chips, embedded processors and other devices related to communications and computing. Founded by semiconductor pioneers Robert Noyce and Gordon Moore and widely associated with the executive leadership and vision of Andrew Grove, Intel combines advanced chip design capability with a leading-edge manufacturing capability. Though Intel was originally known primarily to engineers and technologists, its "Intel Inside" advertising campaign of the 1990s made it and its Pentium processor household names.
Intel was an early developer of SRAM and DRAM memory chips, and this represented the majority of its business until 1981. While Intel created the first commercial microprocessor chip in 1971, it was not until the success of the personal computer (PC) that this became its primary business. During the 1990s, Intel invested heavily in new microprocessor designs fostering the rapid growth of the computer industry. During this period Intel became the dominant supplier of microprocessors for PCs, and was known for aggressive and sometimes controversial tactics in defense of its market position, particularly against AMD, as well as a struggle with Microsoft for control over the direction of the PC industry.[5][6] The 2010 rankings of the world's 100 most powerful brands published by Millward Brown Optimor showed the company's brand value at number 48.

Everybody knows that a company’s people are an important audience/stakeholder group to keep in mind when building strong CSR programs. Retention, satisfaction and productivity, it can be argued, are enhanced when people are aware of good things their employer does to be a good corporate citizen. Good pay helps too. So do nice incentives. At Intel we have both. There are many incentives I could write about, but this post is focused on one particular incentive that’s got me, well, smiling broadly: the Intel Sabbatical. Why focus on this one? Because my Sabbatical begins tomorrow.

As you probably can guess from the sound of the word, “Sabbatical” has Biblical roots. According to the Online Etymology Dictionary (research has gotten so easy with the advent of the Internet), it refers to a period set forth in Mosaic Law. After six years, land was to remain untilled and debtors and slaves released in the seventh year. Presumably the land would go back into service and the debtors and slaves would have to be rounded up and put back to work in year eight. But boy! The freedom they’d enjoy on their sabbatical!

I will avoid the obvious allusions between employees and “debtors and slaves,” and instead get to the point: generally, every Intel full time employed person in the U.S. is eligible for an eight week period away from work after a seven year service. This sabbatical period, according to program overview documents, is “not a benefit earned for past service, but an incentive for continued service.”

Tacking an eight week sabbatical at the end of seven years service is a pretty nice incentive to having a person return in year eight. In the time of Moses, I surmise that the idea behind the sabbatical was to let the land go fallow so it could refresh, rejuvenate. I suppose in the same way Intel want’s me to go fallow…to rejuvenate…and come back with new ideas and fresh perspectives. Indeed, that’s basically what the official document says the program’s all about.

So, what will I do with all that time off? Travel to exotic lands? Learn to fly? Or laze around like a bum? Well, mostly, I’m going to enjoy the time, work on a novel that’s begging to be born and visit my folks. Oh, I’m also going to go fallow. And while I do that, I’ll let my cubicle to go fallow too. And while all that fallowing will remind me that no matter what people say (including myself), Intel remains one of the best companies to work for.

Folks at FACE Intel; When I (working at Digital's Fab 6 plant in Hudson Ma.) first heard about the FACE Intel website, I thought it was a bunch of do-nothing complainers and that no company could be as bad as the website made it out to be, but I was WRONG.

Since we have become Fab 17 the stranglehold has been slowly tightening and killing anything that was left of the Digital culture in HLO. Oh, sorry, we are now HD.

First we were promised more money if we signed on to the Intel pay scale, (with the ECBP) and the other great things that Intel will do for us. Most fell for it and as time moved on it was becoming very apparent that all was not as golden as it first seemed.

The first sign that things were about to change was a VSP (Voluntary Severance Package) where Intel had a "first call, first win, game show" where the first callers into the EASE phone number would be the winners of a severance package that equaled; 4 months pay + 1.25 weeks pay for each year of Digital/Intel service,

Next, on September 22, 1998 we had an ISP (Involuntary Severance Package) thrust on us, where certain organizations were targeted as excess and offered a similar package as the VSP.

Next on October 2, 1998 people working in the SAT (Sort, Assembly, Test) area were again gathered into a meeting where they were promised an additional ($10,000 non-exempt, or $15,000 exempt) to stay on until the transfer of the Assembly and Test operations to Penang (T3) was complete.

Over the next few months most of the folks in SAT were making plans on what they were going to do with the money and where they were going to go next.

On (about) February 25, 99 everyone in the S.A.T group were called into a meeting where they were told that Intel had decided that we all could "have a job somewhere in the Hudson facility' and the ISP program had been canceled...

Since then the workload has been doubled, and most people have now realized that this is Intel's way of getting rid of the excess headcount without spending any of Craig's $116,000,000.

Attached are copies of the letters we received on 9/22, and 10/2 but notice, nothing ever came out in writing about these programs being canceled, and it is not available on the web like all other meeting are. This last year has made me want to jump up and yell at the top of my lungs - "INTEL, WHAT A GREAT PLACE TO WORK."



INTEL IN HEALTHCARE

In the world of personal computers and other electronic devices, everyone knows what Intel offers. It's smart technology. It's fast performance. It's reliability. It's cost-efficient productivity. It's the power of tomorrow. But what does Intel bring to healthcare? Along with our history of innovation, we have the knowledge and experience to connect people and information in new ways. We have technologies that can enable a shift from the reactive healthcare of today to an ongoing endeavor that puts patients' wellness at the center.

We're also a company with a long track record of bringing different companies with different philosophies together to find mutually beneficial solutions to a myriad of problems. That's because Intel sees problems as opportunities. Opportunities to solve the unsolvable. To collaborate in new and unexpected ways. It's a point of view healthcare needs, because healthcare has more than its fair share of problems. Costs are rising at alarming rates. Millions of people don't have acceptable access to care. Industry-wide inefficiencies are compromising the quality of care. But now is the time to address these problems. Because by acting today, we can change the way patients and clinicians interact tomorrow. So let’s find new avenues to wellness. Let's connect information and make it work for us. Let's do it more cost effectively than ever before. But most importantly, let's start now.

Changing the healthcare model. Along with our history of innovation, we have the knowledge and experience to connect people and information in new ways. We have technologies that can enable a shift from the reactive healthcare of today to an ongoing endeavor that puts patients' wellness at the center.

Learn more about how we're using these qualities to transform healthcare.


People-Centered Innovation >
Our company champions a new approach to healthcare built on more than a decade of research. An approach that puts people first.

IT in Healthcare >
We are working with healthcare IT leaders around the world to build an information architecture that better connects people to information and lays the groundwork for smarter care.

Standards and Policies >
Intel consults with industry influencers and government policy makers to ensure widespread adoption of the open standards, interoperable systems, and people-centered policies that are critical for shifting the healthcare model.

Corporate Commitment >
Our dedication to healthcare is something that is seen throughout our entire company. Learn how our efforts to transform healthcare started with internal initiatives.

Products and Solutions >
Intel and our partners offer a wide range of innovative products, each designed to improve the way patients and clinicians use information to improve health.



INTEL IN HEALTHCARE

In the world of personal computers and other electronic devices, everyone knows what Intel offers. It's smart technology. It's fast performance. It's reliability. It's cost-efficient productivity. It's the power of tomorrow. But what does Intel bring to healthcare? Along with our history of innovation, we have the knowledge and experience to connect people and information in new ways. We have technologies that can enable a shift from the reactive healthcare of today to an ongoing endeavor that puts patients' wellness at the center.

We're also a company with a long track record of bringing different companies with different philosophies together to find mutually beneficial solutions to a myriad of problems. That's because Intel sees problems as opportunities. Opportunities to solve the unsolvable. To collaborate in new and unexpected ways. It's a point of view healthcare needs, because healthcare has more than its fair share of problems. Costs are rising at alarming rates. Millions of people don't have acceptable access to care. Industry-wide inefficiencies are compromising the quality of care. But now is the time to address these problems. Because by acting today, we can change the way patients and clinicians interact tomorrow. So let’s find new avenues to wellness. Let's connect information and make it work for us. Let's do it more cost effectively than ever before. But most importantly, let's start now.

Changing the healthcare model. Along with our history of innovation, we have the knowledge and experience to connect people and information in new ways. We have technologies that can enable a shift from the reactive healthcare of today to an ongoing endeavor that puts patients' wellness at the center.

Learn more about how we're using these qualities to transform healthcare.


People-Centered Innovation >
Our company champions a new approach to healthcare built on more than a decade of research. An approach that puts people first.

IT in Healthcare >
We are working with healthcare IT leaders around the world to build an information architecture that better connects people to information and lays the groundwork for smarter care.

Standards and Policies >
Intel consults with industry influencers and government policy makers to ensure widespread adoption of the open standards, interoperable systems, and people-centered policies that are critical for shifting the healthcare model.

Corporate Commitment >
Our dedication to healthcare is something that is seen throughout our entire company. Learn how our efforts to transform healthcare started with internal initiatives.

Products and Solutions >
Intel and our partners offer a wide range of innovative products, each designed to improve the way patients and clinicians use information to improve health.
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Last edited by pratikkk; April 12th, 2011 at 05:39 PM..
   
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