Kathmandu Case Study: Human Resources (HSC SSCE Business Studies): Flashcards

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Strategies in Human Resource Management
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Kathmandu's HR management approach style

Consultative approach - actively engages with staff

Performance management definition

Systematic review of employee performance with feedback

Kathmandu's 'flipped' performance approach

Annual reviews combined with regular ongoing coaching

3 components of executive remuneration

Base salary, short-term incentives, long-term incentives

CEO short-term incentive breakdown

70% cash for financial targets, 30% for achieving KPIs

Non-management financial rewards (4 types)

Base pay, competitive pay, bonuses, staff discounts

Non-management non-financial rewards (examples)

Competitions, star awards, KPI challenges, photo shoots

4 consultation methods at Kathmandu

Performance systems, surveys, team meetings, interviews

Kathmandu's COVID-19 ethical supply chain action

Avoided cancelling orders to maintain factory employment

Training hours during COVID-19 via local partners

680 hours of training

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