Preview

Philip Morris International: Company Overview

Good Essays
Open Document
Open Document
341 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Philip Morris International: Company Overview
Philip Morris International:
Philip Morris International Inc. (PMI) is the leading international tobacco company, with products sold in approximately 180 countries. In 2011, the company held an estimated 16.0 percent share of the international cigarette market outside of the U.S., or 28.1 percent excluding the People's Republic of China and the U.S. In terms of market share, they are the number one company in 13 markets and number two in a further ten of the 30 largest markets by cigarette industry size.
The company’s aim is to generate superior returns for shareholders, provide high quality innovative products to adult smokers, and reduce the harm caused by tobacco products. They work toward this last goal by supporting comprehensive regulation based on harm reduction and developing products with the potential to reduce the risk of disease.
Working with this company means joining a global leader in the tobacco industry. And with over 78,000 employees speaking 80 languages across the world, they are proud of their cultural diversity. As an employee here, one will expand his/her horizons in a truly international environment.
The company will support an employee’s growth as a PMI employee through individual development and structured career management. Their strong reward and recognition programs are designed to encourage an employee’s achievements and foster the potentials. PMI’s diversity of departments and the roles within them provide numerous opportunities for one’s career to take shape.
The Total Remuneration approach is designed to be competitive, promote performance, and encourage superior achievement while ensuring internal equity. The company benchmarks their remuneration practices against other selected high-performing companies to offer the employees market-competitive compensation and benefits.
The company’s compensation and recognition programs are designed to reward the employees for their capabilities and accomplishments. The benefits

You May Also Find These Documents Helpful

  • Good Essays

    personnel within the company. The purpose of the employee recognition is to secure funds for the retirement of the…

    • 1369 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Based on research by RM they have created a cost-effective recognition program that is aimed at motivating employees, increasing retention, and increase employee satisfaction. These options will be looked at by the management and owners on a regular six-week basis until all criteria are completed to management and employee satisfaction:…

    • 2424 Words
    • 9 Pages
    Powerful Essays
  • Best Essays

    Rwt1 Research Paper

    • 2313 Words
    • 10 Pages

    This report examines 3 different compensation systems that our company can develop and enforce within our company for our employees. Compensation is the most important and rewarding factor for employees, so a thorough and thoughtful approach should be taken as we think about changing the way in which this company rewards it's employees for the work they do for us each and every day.…

    • 2313 Words
    • 10 Pages
    Best Essays
  • Satisfactory Essays

    HRM/531 week 3

    • 269 Words
    • 2 Pages

    for the employees that are suitable for their employees. The laws of benefits and pay…

    • 269 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    The rewards and recognition program will also save the company money, as we have lost in the past due to poor attendance, under performance, and imperfect customer service. Remember we will be presenting a rewards and recognition program that will align with our company’s strategies and business objectives. Our goal is to ultimately have everyone within the company excited about the direction we are moving…

    • 1560 Words
    • 7 Pages
    Better Essays
  • Good Essays

    E-Cigarettes: Case Study

    • 596 Words
    • 3 Pages

    Currently big tobacco companies are generating small net profits on the sales of e-cigarettes. The reason to stay in this business is not for maximizing short term profits, but to come up with an innovative product and maximize long-term profits. This is a perfect opportunity to gain competitive advantage over the competition by creating a healthier alternative for the future generation. There is still a lot of uncertainty over e-cigarette benefits or flaws, but big tobacco companies have nothing to lose due to “self-funding” mechanism of the industry. Relevant key performance indicators are market awareness and reach to the new customer base. Tobacco companies must increase both indicators in order to educate more people about the benefits of…

    • 596 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Other aims include exceeding consumer expectations by providing tobacco pleasure while ‘reducing the harm’. They also aim to market their products ‘responsible’ and to help people quit smoking.…

    • 1521 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Employee compensation can be a very complex issue in any organization. This area combines basic human resource concerns as well as financial aspects of the organization. When dealing with compensation, an organization must balance the employee’s expectation and its own financial abilities. Employee compensation not only covers the salary but also includes other indirect benefits that may be part of a total compensation package. Compensation packages are set up to appeal to potential employees within a competitive business world. In other words, “compensation is the total of all rewards provided employees in return for their services. The overall…

    • 1310 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Debt Policy at UST

    • 1489 Words
    • 6 Pages

    UST is the market leader in the moist tobacco segment. In a struggling tobacco industry, UST has shown consistent growth over the past few decades. Despite the decrease in demand for smoked (cigarette) tobacco, there is a growing demand for UST’s products. The perception that smokeless tobacco is healthier than smoked tobacco has helped the company to build a strong customer base. Therefore, despite some legislative setbacks, the company is growing strongly. The company has registered consistent revenues, superior brand name, strong asset base, and geographical diversification (within the US). Despite these favorable attributes, some risks have recently led analysts to doubt the future reliability of UST.…

    • 1489 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Employee Satisfaction

    • 433 Words
    • 2 Pages

    Long-established rewards systems usually have had a large proportion of the total package as base pay and just a small portion tied to performance. In today’s world new and more strategic rewards systems, have come to be implemented which are more aligned with overall organizational strategies. These new rewards include a performance based variable pay, skill base pay and recognition pay. In researching this new trend it has been shown to have a very positive effect on employee productivity and firm performance.…

    • 433 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Exotic Smokes

    • 261 Words
    • 2 Pages

    TRIAAD Research group is working the newest client Exotic Smokes Cigarette Company so that the organization can conduct an in depth study of consumer behavior for the new flavors of cigarettes. The new flavors are strawberry, grape, orange, Pineapple and vanilla. There are currently five major organizations in the tobacco industry: Altria/Philip Morris USA, Philip Morris International, Japan Tobacco International, Imperial Tobacco and British American Tobacco (Said, 2013). These five companies bring in quite a few billion a year in tobacco sales (Said, 2013). The younger generations are the ones who are currently interested in the flavored Cigarettes it is more appealing than the non flavored ones.…

    • 261 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Business

    • 2037 Words
    • 9 Pages

    Staffs want to be acknowledged for a job well done. Rewards and recognition react to this need by authenticating performance and motivating staff toward continuous development. Rewarding and recognizing individuals for performance not only affects the individual being recognized, but others in the business as well.…

    • 2037 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Major Breakthrough for WL in Smoking Cessation segment. Will help WL strengthen its position in Ireland’s medical industry. Will serve as Test Market for WL to take it to other international markets.…

    • 673 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Compensation packages are one of the most valuable pieces of the puzzle when an organization creates a program designed to attract and retain suitable employees. A well designed compensation package can ensure that employees are not only attracted to beginning work at an organization, but are also willing to stay within a corporation over time. A higher retention rate for employees can increase productivity and reduce costs for an organization over time. Two of the factors that affect a company’s compensation plan are internal and external equity. In this paper, internal and external equity is explored, including the advantages and disadvantages of both, and an explanation of how these types of plans support an organizations total compensation objective and how they relate to the organization’s financial situation.…

    • 869 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Phillip Morris Analysis

    • 5010 Words
    • 21 Pages

    Philip Morris International Inc. (PMI), incorporated in 1987, is engaged in the manufacture and sale of cigarettes and other tobacco products through its subsidiaries and affiliates. Its products are sold in approximately 160 countries. PMI’s portfolio comprises both international and local brands. Its portfolio comprises both international and local brands, which include Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris and Red & White. PMI divides its markets into four geographic regions: The European Union (EU); The Eastern Europe, Middle East and Africa (EEMA); The Asia Region, and The Latin America and Canada Region. In February 2009, the Company purchased the Petteroes tobacco business, which includes fine-cut trademarks primarily sold in Norway and Sweden. In September 2009, PMI acquired Swedish Match South Africa (Proprietary) Limited.…

    • 5010 Words
    • 21 Pages
    Powerful Essays

Related Topics