pratikkk

Pratik Kukreja
Employee Retention of Qualcomm : Qualcomm (NASDAQ: QCOM) is an American wireless telecommunications research and development company, as well as the largest fabless chip supplier in the world, based in San Diego, California.

Qualcomm was founded in 1985 by UC San Diego Professor Irwin Jacobs, USC Alumni Andrew Viterbi, Harvey White, Adelia Coffman, Andrew Cohen, Klein Gilhousen, and Franklin Antonio. Jacobs and Viterbi had previously founded Linkabit. Qualcomm's first products and services included the OmniTRACS satellite locating and messaging service, used by long-haul trucking companies, developed from a product called Omninet owned by Parviz Nazarian and Neil Kadisha, and specialized integrated circuits for digital radio communications such as a Viterbi decoder.

Qualcomm Incorporated (Nasdaq: QCOM) today announced that it has been named one of the "Top 50 Training Organizations in America" by Training magazine. Qualcomm, ranked twelfth on the list, was recognized for linking its individual training and development programs to the Company's overall business objectives. Other companies selected include IBM, Cisco Systems, Intel, Hewlett-Packard, Qwest, Dell and Lucent Technologies.

Qualcomm was selected due to its active encouragement of sharing knowledge, and demonstrated interest in the personal and professional development of its employees. Qualcomm provides employees with freedom to experiment and share ideas, and understands that the success of the organization is directly related to the extent that individuals are encouraged to develop their own potential.

Qualcomm was named as one of the few companies on the list that "stand out from the pack," citing the tuition reimbursement program, on-site academic education opportunities and collaborative efforts with local universities, which help to advance the education of its employees.

"Qualcomm is honored to be recognized as one of the top training organizations in the United States," said Tamar Elkeles, vice president of learning for Qualcomm. "We will continue to provide employees with exceptional development opportunities that are aligned with our overall business goals."

"Qualcomm's demonstrated commitment to training and development has, among other things, positively affected employee retention, job satisfaction, market position and competitive advantage," stated Training magazine. "Qualcomm has less than six percent voluntary turnover, a high rate of employee promotions, and higher-than-market-average merit increases are given twice a year. The relatively new Rapid Cycle Time and Creativity training programs have enabled the company to deliver products and services to market faster than its competitors."

Qualcomm Incorporated is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's business areas include CDMA integrated circuits and system software; technology licensing; the Binary Runtime Environment for Wireless™ (BREW™) applications development platform; Eudora® e-mail software; digital cinema systems; and satellite-based systems including portions of the Globalstar™ system and wireless fleet management systems, OmniTRACS® and OmniExpress™. Qualcomm owns patents that are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide.

During the past decade, employee turnover has become a very serious problem for organizations. Managing retention and keeping the turnover rate below target and industry norms is one of the most challenging issues facing business. All indications point toward the issue compounding in the future and, even as economic times change, turnover will continue to be an important issue for most job groups. Yet despite these facts employee turnover continues to be the most unappreciated and undervalued issue facing business leaders. There are a variety of reasons for this, for example, the true cost of employee turnover is often underestimated. The causes of turnover are not adequately identified, and solutions are often not matched with the causes, so they fail. Preventive measures are either not in place or do not target the issues properly, and therefore have little or no effect, and a method for measuring progress and identifying a monetary value (ROI) on retention does not exist in most organizations. Managing Employee Retention is a practical guide for managers to retain their talented employees. It shows how to manage and monitor turnover and how to develop the ROI of keeping your talent using innovative retention programs. The book presents a logical process of managing retention, from identifying turnover costs and causes, designing solutions that match the causes of turnover, developing tools for tracking turnover and placing alerts when action is needed, and measuring the ROI of retention programs. It shows how to accurately cost turnover, providing examples and actual data from hundreds of organizations. It presents effective ways to identify the causes of turnover so the problems can be quickly rectified. It shows how to measure the monetary return on investment of retention programs.

Our benefits package is deep and comprehensive, providing you and your family extensive protection and
security, along with quality, life-enhancing programs. When we say the benefits of working at Qualcomm are
many, you’ll see we mean that quite literally.
The benefits listed below apply to the employees of all Qualcomm entities located in the United States
(hereafter referred to as Qualcomm). Since this document is a summary of the benefits available, there may be
additional terms, conditions, and limitations that apply. Please refer to the actual policy or insurance contract
for additional information.
Benefits Include:
• 401(k) Plan
• Employee Stock Purchase Plan
• Holidays
• Vacation
• Medical Plan
• Dental Plan
• Vision Plan
• Sick Leave
• Dependent Care & Health Care
Reimbursement Accounts
• Tuition
• Adoption Assistance
• Wireless Device Subsidy
Program
• Matching Grant Program
• QLife (Work/Life Balance
Solution)
 
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