Our Team decided to research a company named Siemens. Siemens
consists of a managing board, this board is “committed to serving the interests
of the company and achieving sustainable growth in company value”. Siemens is a
global company, but for this section I will be talking about the extension in
the United States. Lisa Davis is the Chair and CEO, Heribert Stumpf is the
Chief Financial Officer (CFO), and Mike Panigel is the Senior Vice President
and Chief Human Resources Officer.
Lisa Davis focuses mostly on the Power and Gas Division and
the Power Generation Services Division. Most of her professional history is with
gas companies such as Exxon, Texaco, and Royal Dutch Shell. Heribert Stumpf has
been a mix between CFO’s and CEO’s through out his professional career. Along with
contributing to the United Sates portion of Siemens he has also worked with the
Germany and Switzerland portions. Most of his work has been with Siemens, he
has been with them since 1982. Mike Panigel is responsible for the strategic direction,
design and governance of human resources policies and practices for Siemens U.S
and the Americas. Before moving to the Healthcare department, he was in the Global Compensation and Benefits for Siemens
in Munich, and before that he led the human resources portion in South Africa
and 14 other neighboring countries.
Siemens is a global company, meaning that they need executive
leaders for each part of the world they’re in, and employees. Siemens has
approximately 351,000 employees scattered across 190 countries. This being said, it can be very difficult to
run this company because it’s so large. Yet at the same time, with the correct
amount of employees and executive staff at each Siemens branch across the world
it can work out perfectly and be fine. With leading and managing this company
you’re able to have many opportunities and benefits. One of the main benefits
that comes when managing a large company like Siemens is the fact that you are
able to be a contributor to the countries innovations and ideas as our country
develops with time. You are able to help come up with new ideas concerning
energy-efficient and resource saving technologies as well. Another challenge would
be maintaining a healthy economic system, when a company this big is capable of
becoming bankrupt (just like any other company), it’s very important to be on
top of everything economic. It is the CEO’s job to make sure everything in the
company is going well and up to date. They are in charge of everything within
regards to the certain branch that they are a CEO of. Everyone has to work
together in able to Siemens to run properly and it’s very crucial for teamwork
to continue.
When it comes to Siemens Human Resources and how they
recruit people, it’s mostly based upon intelligence and whether or not you’re a
graduate. They look for smart minds that will help work towards building a
better future. They look to recruit people in Engineering, Manufacturing,
Research and Development, IT, Sales and Marketing, and Operations. One challenge/benefit
of working at Siemens is, if you are a graduate they are willing to help
prepare you to start working at Siemens. The programs you can take as an
employee at Siemens helps you develop into the ideal Siemens employee and makes
everything a lot easier in the long run because you learn how exactly the
company functions. Since the company is so large though it may be hard for the people
in charge to motivate each and every employee to do their best individually.
https://www.equitymaster.com/detail.asp?date=08/25/2003&story=5&title=Siemens-Performance-appraisal
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