Strategic Human Resource Management

(Barry) #1
Section One

from the entertainment industry. The Disney Company’s Walt
Disney World has three classifications of employees: (1) full-
time, in which employees work no fewer than four days and 20
hours per week; (2) casual regular, in which weekly minimums
of one day and maximums of less than four days apply except
during peak periods when more days may be worked; and
(3) casual temporary, in which employees work during peak
periods or as needed in nonpeak periods.^84


A tactic oriented more toward the long term involves
linking larger proportions of employee compensation to
company performance, which has the effect of reducing costs
during downturns.^85 Of course, employees would no longer be
assured of an even income stream but the likelihood of being
laid off would decrease. Profit sharing and stock options have
become common compensation components in many
companies. As profit sharing, stock options, and other forms of
variable pay account for greater proportions of employee
compensation, there could be reduced layoffs when economic
conditions deteriorate.

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