VF Corporation (NYSE: VFC) is an American apparel corporation. VF corporation sells jeanswear, intimate apparel, daypacks, and workwear. The corporate headquarters are in Greensboro, North Carolina.
Using that bottom-line thinking to power the learning function, Lawrence said he devotes a great deal of energy to leadership and managerial development and professional skills training. Programs in these areas are delivered via a variety of methods, including instructor-led, blended and self-paced learning materials. Stateside diversity training for awareness purposes, for instance, is delivered using an online prework module followed by a highly structured, instructor-facilitated half-day session. Lawrence said managers follow up again months later with conversations among their intact teams.
“[That’s] very much a hit over time, the same content delivered in different channels, in different ways,” he explained. “We try to emphasize learning by doing whenever possible, but we pay a lot of attention to getting people onto action-learning and project teams, giving them different job assignments. We try to track movement. We know who’s in a new job or needs to be in a new job, and we’d rather do that than just rely on a training class. Not that we don’t think training programs work, but we’ve seen tremendous value in putting people into experiences where they have to do the job.”
It makes sense that just seeing tremendous value isn’t always enough — learning leaders need metrics to help quantify that development contributes to business success as a whole. Lawrence said to illustrate the link between dollars and development, VF relies on many traditional HR measures, such as the company’s employee-engagement survey data around satisfaction and its productivity and engagement index.
The company also is consistently mindful of Kirkpatrick’s evaluation framework, uses qualitative assessments for key leaders at all levels and measures retention from multiple filters, including overall retention, high performer retention, top talent retention and voluntary retention.
“Our attrition’s been extremely low, and that’s a tribute to the culture that VF has,” Lawrence said. “We ask: ‘Do they think training and development is contributing to their bottom line?’ We pay attention to how the company is doing on earnings and productivity, but there’s still an opportunity for us to keep building those metrics and making them as robust as they can be. We struggle with it for the reasons that most companies do — you can say there’s a correlation [between development and dollars], but it’s really hard to establish causality.”
Business Description
V.F. Corporation (VF) is a global apparel company based in the United States. VF designs and manufactures or sources from independent contractors a variety of apparel and footwear for all ages. VF is a diversified apparel company across brands, product categories, channels of distribution and geographies. VF owns a portfolio of brands in the jeanswear, outerwear, packs, footwear, sportswear and occupational apparel categories. These products are marketed to consumers shopping in specialty stores, upscale and traditional department stores, national chains and mass merchants. Products are marketed primarily under VF-owned brand names. VF is also engaged in travel gear, backpacks and technical outdoor equipment, and in occupational apparel. VF products are also sold in many countries through independent licensees and distributors. The Company's business segments include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear and Contemporary Brands.
VF Corporation (NYSE: VFC) is an American apparel corporation. VF corporation sells jeanswear, intimate apparel, daypacks, and workwear. The corporate headquarters are in Greensboro, North Carolina. The company was established first as Reading Glove and Mitten Manufacturing Company in Pennsylvania in October of 1899 by John Barbey and a group of investors. The company was started with $11,000 and a 320-square-foot (30 m) factory that was leased for $60/month. It was incorporated in Pennsylvania on December 4 of that same year. The manufacture of undergarments is begun in 1919 and is accompanied by a name change to Vanity Fair Mills. Shares were sold to the public in 1951. The H.D. Lee Company (now Lee Jeans) was acquired by the company in 1969 and the corporate name is changed to VF Corporation to reflect the more diverse product line. Blue Bell Inc., the owner of such brands as Wrangler and JanSport, was acquired in 1986, effectively doubling the size of VF and making it the largest
VF Corporation operates under a Code of Business Conduct, which sets forth the key principles under which the Company and its worldwide subsidiaries are required to operate. The Code of Conduct states that the conduct of business with employees, customers, consumers, suppliers and all others shall be on an honest, fair and equitable basis. It has been and will continue to be the Company's policy to obey the laws of each country and to honor our obligations to society by being an economic, intellectual, and social asset to each community and nation in which the Company operates.
In the selection of its contractors, suppliers and agents, VF works hard to choose reputable business partners who are committed to ethical standards and business practices compatible with those of the Company. At the very minimum, VF expects its contractors, suppliers and agents to comply with all legal requirements applicable to their operations and employment.
The purpose of these TERMS OF ENGAGEMENT is to make clear that, taking into account differences in cultures and legal requirements, we expect that wherever our products are manufactured they will be manufactured in a manner compatible with the high standards that have contributed to the outstanding reputation of our brands and our Company. Each of the Company's contractors, suppliers and agents agrees that, by accepting orders from the Company or any of its subsidiaries, it will abide by and implement these Terms of Engagement and require the same from each of its VF approved and authorized subcontractors. Each of the Company's contractors, suppliers and agents acknowledges that its failure to honor this agreement will compel VF to reevaluate, and possibly terminate, its business relationship with such supplier.
As a leader in global lifestyle brands, we know that our people are crucial to our ongoing success. To attract and retain the best in the business, we offer VF associates a Total Rewards Program, including a comprehensive competitive benefits package. Our diverse benefit offerings meet a variety of the needs of our associates and are tailored to reflect the unique cultures of our brands and the lifestyles of our associates around the world.
Benefits Eligibility
Full-time associates (those scheduled to work 30 or more hours per week) are eligible for benefits. Waiting periods may vary according to the specific benefit plan.
Coverage is also available for family members, including spouse, same sex domestic partner (medical, dental, and vision only), and children.
Medical Coverage
All full-time VF associates have the option of enrolling in medical plans from a menu of providers. Most associates are offered PPO plans through Blue Cross Blue Shield and/or United Healthcare.*
Dental Coverage
All full-time VF associates have the option of enrolling in a dental plan through VF, primarily Metlife Dental.*
Vision Coverage
All full-time VF associates have the option of enrolling in a vision plan through VF, primarily Spectera or VSP.
Life and Accidental Death/Dismemberment Coverage
Full-time VF associates are covered by basic life insurance. Accidental death and dismemberment coverage also is available.
Disability Coverage
Full-time VF associates are eligible for disability programs.*
Retirement Savings Plan - 401(k) and Other Plans
Most VF Associates are eligible to participate in a 401(k) plan.
Vacation/Holiday Pay
Vacation and holiday pay is available to most VF associates. Vacation and holiday schedules and requirements may vary by work location.
Other Benefits Available to VF Associates*
• Tuition assistance
• Matching grant program
• Employee assistance programs
• Flexible Spending Accounts (health care and dependent care)
• Scholarships for children of associates
• VF product discounts
• Credit unions
• Direct deposit and payroll deduction services
• Community service volunteer opportunities
• Wellness programs
• Training and development opportunities
These Compliance Principles apply to all facilities that produce goods for VF Corporation, or any of its subsidiaries, divisions, or affiliates, including facilities owned and operated by VF and its contractors, agents and suppliers herein referred to as "VF Authorized Facilities".
While VF recognizes that there are different legal and cultural environments in which factories operate throughout the world, these Compliance Principles set forth the basic requirements all factories must meet in order to do business with VF.
VF strongly encourages contractors, agents, and suppliers to exceed these Compliance Principles and to promote best practices and continuous improvement throughout all of their factories. These Global Compliance Principles or their equivalent must be posted in all major workplaces, translated into the language(s) of the employees.
Using that bottom-line thinking to power the learning function, Lawrence said he devotes a great deal of energy to leadership and managerial development and professional skills training. Programs in these areas are delivered via a variety of methods, including instructor-led, blended and self-paced learning materials. Stateside diversity training for awareness purposes, for instance, is delivered using an online prework module followed by a highly structured, instructor-facilitated half-day session. Lawrence said managers follow up again months later with conversations among their intact teams.
“[That’s] very much a hit over time, the same content delivered in different channels, in different ways,” he explained. “We try to emphasize learning by doing whenever possible, but we pay a lot of attention to getting people onto action-learning and project teams, giving them different job assignments. We try to track movement. We know who’s in a new job or needs to be in a new job, and we’d rather do that than just rely on a training class. Not that we don’t think training programs work, but we’ve seen tremendous value in putting people into experiences where they have to do the job.”
It makes sense that just seeing tremendous value isn’t always enough — learning leaders need metrics to help quantify that development contributes to business success as a whole. Lawrence said to illustrate the link between dollars and development, VF relies on many traditional HR measures, such as the company’s employee-engagement survey data around satisfaction and its productivity and engagement index.
The company also is consistently mindful of Kirkpatrick’s evaluation framework, uses qualitative assessments for key leaders at all levels and measures retention from multiple filters, including overall retention, high performer retention, top talent retention and voluntary retention.
“Our attrition’s been extremely low, and that’s a tribute to the culture that VF has,” Lawrence said. “We ask: ‘Do they think training and development is contributing to their bottom line?’ We pay attention to how the company is doing on earnings and productivity, but there’s still an opportunity for us to keep building those metrics and making them as robust as they can be. We struggle with it for the reasons that most companies do — you can say there’s a correlation [between development and dollars], but it’s really hard to establish causality.”
Business Description
V.F. Corporation (VF) is a global apparel company based in the United States. VF designs and manufactures or sources from independent contractors a variety of apparel and footwear for all ages. VF is a diversified apparel company across brands, product categories, channels of distribution and geographies. VF owns a portfolio of brands in the jeanswear, outerwear, packs, footwear, sportswear and occupational apparel categories. These products are marketed to consumers shopping in specialty stores, upscale and traditional department stores, national chains and mass merchants. Products are marketed primarily under VF-owned brand names. VF is also engaged in travel gear, backpacks and technical outdoor equipment, and in occupational apparel. VF products are also sold in many countries through independent licensees and distributors. The Company's business segments include Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear and Contemporary Brands.
VF Corporation (NYSE: VFC) is an American apparel corporation. VF corporation sells jeanswear, intimate apparel, daypacks, and workwear. The corporate headquarters are in Greensboro, North Carolina. The company was established first as Reading Glove and Mitten Manufacturing Company in Pennsylvania in October of 1899 by John Barbey and a group of investors. The company was started with $11,000 and a 320-square-foot (30 m) factory that was leased for $60/month. It was incorporated in Pennsylvania on December 4 of that same year. The manufacture of undergarments is begun in 1919 and is accompanied by a name change to Vanity Fair Mills. Shares were sold to the public in 1951. The H.D. Lee Company (now Lee Jeans) was acquired by the company in 1969 and the corporate name is changed to VF Corporation to reflect the more diverse product line. Blue Bell Inc., the owner of such brands as Wrangler and JanSport, was acquired in 1986, effectively doubling the size of VF and making it the largest
VF Corporation operates under a Code of Business Conduct, which sets forth the key principles under which the Company and its worldwide subsidiaries are required to operate. The Code of Conduct states that the conduct of business with employees, customers, consumers, suppliers and all others shall be on an honest, fair and equitable basis. It has been and will continue to be the Company's policy to obey the laws of each country and to honor our obligations to society by being an economic, intellectual, and social asset to each community and nation in which the Company operates.
In the selection of its contractors, suppliers and agents, VF works hard to choose reputable business partners who are committed to ethical standards and business practices compatible with those of the Company. At the very minimum, VF expects its contractors, suppliers and agents to comply with all legal requirements applicable to their operations and employment.
The purpose of these TERMS OF ENGAGEMENT is to make clear that, taking into account differences in cultures and legal requirements, we expect that wherever our products are manufactured they will be manufactured in a manner compatible with the high standards that have contributed to the outstanding reputation of our brands and our Company. Each of the Company's contractors, suppliers and agents agrees that, by accepting orders from the Company or any of its subsidiaries, it will abide by and implement these Terms of Engagement and require the same from each of its VF approved and authorized subcontractors. Each of the Company's contractors, suppliers and agents acknowledges that its failure to honor this agreement will compel VF to reevaluate, and possibly terminate, its business relationship with such supplier.
As a leader in global lifestyle brands, we know that our people are crucial to our ongoing success. To attract and retain the best in the business, we offer VF associates a Total Rewards Program, including a comprehensive competitive benefits package. Our diverse benefit offerings meet a variety of the needs of our associates and are tailored to reflect the unique cultures of our brands and the lifestyles of our associates around the world.
Benefits Eligibility
Full-time associates (those scheduled to work 30 or more hours per week) are eligible for benefits. Waiting periods may vary according to the specific benefit plan.
Coverage is also available for family members, including spouse, same sex domestic partner (medical, dental, and vision only), and children.
Medical Coverage
All full-time VF associates have the option of enrolling in medical plans from a menu of providers. Most associates are offered PPO plans through Blue Cross Blue Shield and/or United Healthcare.*
Dental Coverage
All full-time VF associates have the option of enrolling in a dental plan through VF, primarily Metlife Dental.*
Vision Coverage
All full-time VF associates have the option of enrolling in a vision plan through VF, primarily Spectera or VSP.
Life and Accidental Death/Dismemberment Coverage
Full-time VF associates are covered by basic life insurance. Accidental death and dismemberment coverage also is available.
Disability Coverage
Full-time VF associates are eligible for disability programs.*
Retirement Savings Plan - 401(k) and Other Plans
Most VF Associates are eligible to participate in a 401(k) plan.
Vacation/Holiday Pay
Vacation and holiday pay is available to most VF associates. Vacation and holiday schedules and requirements may vary by work location.
Other Benefits Available to VF Associates*
• Tuition assistance
• Matching grant program
• Employee assistance programs
• Flexible Spending Accounts (health care and dependent care)
• Scholarships for children of associates
• VF product discounts
• Credit unions
• Direct deposit and payroll deduction services
• Community service volunteer opportunities
• Wellness programs
• Training and development opportunities
These Compliance Principles apply to all facilities that produce goods for VF Corporation, or any of its subsidiaries, divisions, or affiliates, including facilities owned and operated by VF and its contractors, agents and suppliers herein referred to as "VF Authorized Facilities".
While VF recognizes that there are different legal and cultural environments in which factories operate throughout the world, these Compliance Principles set forth the basic requirements all factories must meet in order to do business with VF.
VF strongly encourages contractors, agents, and suppliers to exceed these Compliance Principles and to promote best practices and continuous improvement throughout all of their factories. These Global Compliance Principles or their equivalent must be posted in all major workplaces, translated into the language(s) of the employees.
Last edited: