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    62 views2 pages

    Assignment HRM 01

    Uploaded by

    Farhad Ahamed

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    IBA, University of Dhaka

    Executive MBA, 27th Batch

    Assignment: 01

    Prepared for
    Prof. Khair Jahan Sogra
    Course Title: Human Resource Management

    Prepared by
    Md. Ridwanur Rahman (ZR1701006)
    Ashik Mahmud Shahriar (ZR1701011)
    Md. Husne Jamil (ZR1701017)
    Md Naimul Alam Khan (ZR1701025)
    Khairul Islam (ZR1701031)

    October 10, 2020


     Laurie Siegel, senior vice president of human resources for Tyco International, took over her job just after
    numerous charges forced the company's previous Board of Directors and top executives to leave the firm.
    Hired by new CEO Edward Breen, Siegel had to tackle numerous difficult problems starting the moment she
    assumed office.  For example, she had to help hire a new management team.  She had to do something about
    what the outside world viewed as a culture of questionable ethics at her company.  And she had to do
    something about the company's top management compensation plan, which many felt contributed to the
    allegations by some that the company's former CEO had used the company as a sort of private ATM.  

    Siegel came to Tyco after a very impressive career.  For example, she had been head of executive
    compensation at Allied Signal, and was a graduate of the Harvard Business School.  But, as strong as her
    background was, she obviously had her work cut out for her when she took the senior vice president of HR
    position at Tyco.

    Working in groups, use your mobile phones to conduct an Internet search to answer the following questions:
    What human resource management-related steps did Siegel take to help get Tyco back on the right track?  Do
    you think she took the appropriate steps?  Why or why not?  What, if anything do you suggest she do now?

    Background:
    The top executive of Tyco International had been accused of different charges like using the company's fund
    as personal use. As a result, a new CEO, Edward Breen, had appointed Laurie Siegel as a Senior Vice
    President of Human Resources. Siegel faced following 04 (four) major challenges:
    1. Setting up corporate governance
    2. Set up compensation system
    3. Hiring talented & honest management team and
    4. Raising the image of the Tyco International’s
    Human Resource Management related steps taken by Siegel:

    Initially, Siegel had to ensure a strict company code of ethics followed by arranging special ethics training
    frequently to Tyco International’s employee, circulating ethics policy. In addition to that, more internal
    auditor had to be hired to enforce a transparent operation of the company. She had to provide well directives
    to the compensation committee for introducing a new compensation plan to replace Tyco's old compensation
    structure i.e. old salary and bonus policy so that it could have ensured sustainable company growth. The new
    system should be based on measurable company performance. Performance bonuses of each functional
    department should be introduced based on objective measurements and Tyco International's overall
    performance.  
    Whether Siegel took appropriate steps or not:
    Siegel took the appropriate steps, the recovery of Tyco's finances, profits, and stock prices are testimony to the
    effectiveness of her approach.
    Suggestion for Siegel:
    Siegel should continued ethics training, HR strategies, and scorecards that drive the appropriate employee
    behaviors in support of the business strategy.

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