PepsiCo, Incorporated (NYSE: PEP) is a Fortune 500, American global corporation headquartered in Purchase, New York, with interests in the manufacturing, marketing and distribution of grain-based snack foods, beverages, and other products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc. PepsiCo has since expanded from its namesake product Pepsi to a broader range of food and beverage brands, the largest of which include an acquisition of Tropicana in 1998 and a merger with Quaker Oats in 2001 - which added the Gatorade brand to its portfolio as well.[5]
As of 2009, 19 of PepsiCo’s product lines generated retail sales of more than $1 billion each,[6] and the company’s products were distributed across more than 200 countries, resulting in annual net revenues of $43.3 billion. Based on net revenue, PepsiCo is the second largest food & beverage business in the world,[7] Within North America, PepsiCo is ranked (by net revenue) as the largest food and beverage business.[7]
Indra Krishnamurthy Nooyi has been the chief executive of PepsiCo since 2006, and the company employed approximately 285,000 people worldwide as of 2010.[4] The company’s beverage distribution and bottling is conducted by PepsiCo as well as by licensed bottlers in certain regions.[8] PepsiCo is a SIC 2080 (beverage) company.
HR Introduction:
HR department follows the policies by the HR department of PEPSICO. At PEPSICO, their belief is that "their people are their greatest asset. They take great pride in acknowledging the contribution each one of them makes". they focus on People Development and for that they ensure:
Staff PEPSICO with world class Professionals and ensure that the right systems are in place to encourage them to develop to their full potential.
Create a collaborative and mutually supportive work environment that encourages people to grow.
Build a team of professionals who deliver expertise by participating in business decisions.
Develop Performance Management and reward systems underlying our Business strategy.
HR Objectives:
• To look out for the well being of all employees of the company.
• Provide leadership and direction to employees of the company.
• Career Development planning for all employees of the company.
• Ensure thorough training of nationwide employees.
• To provide individual employees with orientation on the company at the time of joining.
• To provide employees with solutions to their problems.
• Maintaining data records of all employees of PEPSICO (Human Resources information System).
• To evaluate and retain those employees who are assets to the company.
HR Policies:
• Friendly, conversant, flexible and congruent with business environment.
Policies are legally compliant with clearly expressed processes for timely revisions and a framework in place to foster employee adherence.
HRIS
• Development of interactive web-site aligned with all HR sub-functions to facilitate communication between employee and organization through dialogue boxes and speedy availability of information.
• Enhancing overall perception of HR, as with the help of HRIS the function of HR is changing direction and heading towards Relationship Building, in this all the links are being recreated and employees are given much more weight as compared to past.