Sonoco Products Company

By:Samina, Saumitra, Manish, Arushi, Pariddhi

A Case Study

XLRI

Overview

Industry Perspective

Rapidly changing consumer needs, segmentation of markets

Globalization and shift of Industries towards cheap labor cost countries

Increasing importance of packaging over advertising

Increasing competition and cost pressures

Heavy Pressure to restore shareholder value

Current HR Problems

Cost Cutting required to the tune of $2.8

million

Mismatched alignment of individual div goals

to business goals.

Alignment of Incentive plans with

Compensation

No Business support for Talent Management

Current Scenario

A

M

B

I

T

I

O

N

S

• Increasing accountability of GM’s for talent management.

• Proper division of HR across company divisions and consistency in HR processes

• Optimizing HR to provide customized, strategic support to GM’s businesses.

Overview

Central Hybrid

Flexible

Better talent management

First hand knowledge of

business

More accustomed to ground reality

Cross-Structural changes easier

Savings

More business oriented

Resolution Approaches

Recommendations

Hybrid model is not confined to center providing strategic link between corporate HR and businesses.Flexibility

Direct involvement with sector GMs and business, anticipating the HR support leads to proactive business support.

Building Business

Closely monitoring the talent, succession planning and formal coaching more proactively.

People Management

We recommend the use of Hybrid Model in the company because of its more comprehensive and business oriented approach.

Questions ?