Google back to No:1 - Best Companies to Work For 2008

clipped from money.cnn.com Google Best Companies rank: 1 2006 Revenues (millions): $10,605 Headquarters: Mountain View, CA Get quote: GOOG What makes it so great? Back in our No. 1 spot, Google continued to mint millionaires as the stock cracked $700. The company gives stock options to 99% of employees.

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Departing HR Chief Laymon Leaving Ford ‘in Great Shape’

clipped from workforce.com Ford Motor Co. group vice president Joe Laymon has resigned and will be replaced as head of human resources by Felicia Fields, the automaker said Tuesday, March 25. Laymon, 55, has been with the company since 2000. Laymon was named vice president of human resources and medical services at Chevron Corp., effective immediately. Marty Mulloy will continue to lead labor relations at Ford, but now will have global responsibilities. He’ll report to manufacturing chief Joe Hinrichs. Fields will report to CEO Alan Mulally. The move comes one day after Automotive News published a story in which Laymon named six possible successors to Mulally. Mulally told Automotive News that Laymon notified Ford of his decision to leave Friday, March 21. It was Laymon’s decision to leave, Mulally said. “He’s leaving us in great shape,” Mulally said.

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Starbucks Terminates with Convergys

clipped from workforce.com Starbucks has terminated its HRO contract with Convergys. In a March 13 analyst presentation, John Gibson, president of Convergys’ employee care business, announced that the two companies had mutually agreed to terminate the contract because of “Starbucks’ shifting priorities to focus on short-term initiatives unrelated to HR management.” Gibson’s presentation cites a quote attributed to Starbucks saying, “The decision to discontinue the contract was made based on the changing needs of the business and in no way reflects on the quality of the work Convergys has done for Starbucks.” Starbucks had signed the multi-year HRO agreement with Convergys in July. Under the deal, the Cincinnati-based HRO provider was to handle HR administration and payroll for all of Starbucks’ employees in Canada and the U.S. and take over benefits administration for the company’s Canadian workforce. While terms of the deal were not disclosed, analysts estimated it to be valued at $350 million to $400 million.

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FORD Rewards Employees

clipped from www.workforce.com Ford Motor Co. is paying every U.S. and Canadian employee a $1,000 bonus even though the automaker lost $2.7 billion last year. In a companywide e-mail to all employees on Wednesday, March 5, CEO Alan Mulally said that although Ford fell short of its sales goals for 2007, the automaker “met or exceeded” its objectives in every other category. The bonus also will be paid to managers outside the U.S. and Canada. Mulally said the “performance awards” are based on improvements in cost performance, quality, automotive cash flow and financial results. “The board of directors believe it is important to reward employees for delivering significant results and keeping the company on track to become profitable again by 2009,” Mulally’s e-mail said. The bonuses will be paid this month.

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