Compensation & Benefits

Attention Shoppers: Executive Compensation at Kroger, Safeway, Costco and Whole Foods

Sana Naseer - 1123033 MBA (Fall-2011) Student Gift University Gujranwala Department Of Management Sciences Supervised by: Mr. Naeem Hayat

1. Kroger

Vision To remain the largest and best grocery chain in the United States.

Mission "Our mission is to be a leader in the distribution and merchandising of food, pharmacy, health and personal care items, seasonal merchandise, and related products and services."

Value: To accomplish its mission, Kroger has six values provide guidance to its employees about how they do what they do every day. Those values are:

Honesty - Doing the right things, telling the truth. Integrity - Living our values in all we do, unified approach to how we do business and treat each other. Respect for Others - Valuing opinions, property and perspectives of others. Diversity - Reflecting a workplace that includes a variety of people from different backgrounds and cultures, diversity of opinions and thoughts. Safety - Watching out for others, being secure and safe in your workplace. Inclusion - Your voice matters, working together works, encouraging everyones involvement, being the best person you can be.

Compensation at Kroger: At Kroger they include the six elements: 1. Salary 2. Performance- based cash bonus 3. Performance - based long term cash bonus 4. Equity

5. Retirements & Benefits 6. Perquisities

2. Safeway
Vision Safely provide energy products vital to sustainable economic progress and human development throughout the world;Are people and an organization with superior capabilities and commitment;Are the partner of choice;Earn the admiration of all our stakeholders investors, customers, host governments, local communities and our employees not only for the goals we achieve but how we achieve them; Deliver world-class performance.

Mission We earn the loyalty of the people we serve by first anticipating, then fulfilling their needs with our superior-quality products, a unique shopping experience, customer-focused service and continuous innovation, while generating long-term profitable growth for our shareholders."

Value:Our Companys foundation is built on our values, which distinguish us and guide our actions. We conduct our business in a socially responsible and ethical manner. We respect the law, support universal human rights, protect the environment and benefit the communities where we work. Integrity: We are honest with others and ourselves. Trust: We trust, respect and support each other... Partnership: We have an unwavering commitment to being a good partner... Diversity: We learn from and respect the cultures in which we work... Ingenuity: We seek new opportunities and out-of-the-ordinary solutions... Protecting People and the Environment - We place the highest priority on the health and safety of our workforce and protection of our assets and the environment... High Performance - We are committed to excellence in everything we do, and we strive to continually improve...

Compensation at Safeway: They include five elements: 1. Salary 2. Annual Bonus 3. Equity 4. Retirement 5. Other Benefits

3. Costco
Vision: To continually provide our members with quality of goods and services at the lowest possible price control inventory

Mission: Costco's mission is to continually provide our members with quality goods and services at the lowest possible prices. In order to achieve our mission we will conduct our business with the following Code of Ethics in mind: Obey the law Take care of our member Take care of our employees Respect our vendors

Value: Obey the law, Take care of our members, Take care of our employees and Respect our suppliers. Compenstaion at Costco: They include Five elements: 1. Salary 2. Annual Cash Bonus

3. Equity 4. Other Benefits & Perquisites

4. Whole Foods

Vision: Vision Statement is a sentence or short paragraph providing a broad, aspiration image of the future. Mission: Whole food market is a dynamic leader in the quality food business. We are a missiondriven company that aims to the set the standards of excellence for food retailers. We are building a business in which high standards permeate all aspects of our company. Quality is a state of mind at whole food market. This mission explanation includes... "Whole Foods: We obtain our products locally and from all over the world, often from small, uniquely dedicated food artisans. Whole People: We recruit the best people we can to become part of our team. We empower them to make their own decisions, creating a respectful workplace where people are treated fairly and are highly motivated to succeed. Whole Planet: We recognize the connection between our lives, our communities and the environment."

Value: Selling the highest quality natural and organic product available Satisfying, delighting and nourishing our customer Supporting team member happiness and excellence Creating wealth through profit and growth Serving and supporting our local and global communities Creating ongoing win-win partnerships with our suppliers Promoting the health of our stakeholders through healthy eating education Practicing and advancing our environmental stewardship.

Compensation at Whole Foods: They include three elements: 1. Base Salary 2. Cash Bonus 3. Equity

Comparison: Kroger wants to become the market leader and to sustain in the market Kroger is paying more. The company is paying more cash benefit to it CEO rather than non cash benfits. Krogers minority supplier development activities as part of its business strategy. Each of Krogers divisions and buying groups has supplier diversity champions. Under Dillons leadership at Kroger, the company continued a strategy of expanding its middle position and also providing discount grocery at low rate. Wheresas the Safeway wants to gain the customer loyalty and continuously innovating the products by understanding the customer needs and its focus on the long term growth.