Universal Music Asia Pacific

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University of Science and Technology Human
Resource Management November 7, 2002
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Universal Music Group

• The worlds 1 music company
• Present in 63 countries
• Leader in 70 of the markets including the US,
  UK, France Germany
• 12,000 employees
• Revenue of 6.5 billion Euros
• Parent Company - Vivendi Universal

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Universals International Artists

• Stars
• U2, Sting, Sheryl Crow, Enrique, Ronan Keating,
  Shania Twain, Eminem, Mariah Carey, Bon Jovi
• Established Artists
• Lionel Richie, Stevie Wonder, Elton John,
  Nirvana, Andrea Bocelli, Bee Gees, Luciano
  Pavarotti
• New Ones
• BOND, Nelly Furtado, Papa Roach, Hoobanstank,
  Sophie Ellis Bextor, Sum 41, A. Teens, Ashanti,
  Brian McKnight, Safri Duo, Sugababes, ???

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Universals Hong Kong Artists

• Stars
• ???, ???, ???, ???, ???, ???, ???
• Established Artists
• ???, ???, ???, ???, ???, ???, ???
• New Ones
• ???, ???, ???, ???, ???, ???, ???, ???, ???

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Universal Music Asia Pacific
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Employee Benefits Philosophy

• Must be connected to
• Company's Business Objectives
• Total Compensation Structure
• Must be
• Appropriate
• Proportional
• Effective

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Appropriate Employee Benefits

• Is the range of benefits being provided in
  accordance with the philosophy?
• Is anything missing?
• Example
• Medical Insurance Plan for Expatriates in Hong
  Kong
• Need to adjust coverage so that elected surgeries
  performed outside of Hong Kong will be paid by
  insurance

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Proportional Employee Benefits

• Is the amount of benefits in proportion to the
  total compensation level?
• Example
• Pension / Severance Pay Plan in Korea
• Pension / Severance Pay in Korea can range from
  one month to three months of salary for every
  year of service need to factor benefit payment
  and costs in with other compensation components
  such as base salary and bonus

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Effective Employee Benefits

• Is the benefit motivating employees to achieve
  the Companys business objectives?
• Example
• Retirement Plan in Japan
• As a result of hiring certain employees on
  three-year contracts only, need to convert a
  defined benefit pension plan to a defined
  contribution Provident - Fund plan to make
  retirement benefits more meaningful and effective
  for these short tenure employees

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Employee Benefits VS. Perquisites

• Employee Benefits
• Provide employees with a financial safety net in
  times of personal needs
• Coverage is generally provided to all level of
  employees
• Perquisites
• Provide employees with needed tools to carry
  out their duties
• Provide reward or recognition on attaining
  certain positions
• Coverage is generally provided to senior level
  employees

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Typical Perquisites

• Company Car/Car Allowance/Travel Allowance
• Housing Allowance
• Mobile Phone Allowance
• Club Memberships
• Perquisites unique to specific industry

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Becoming a Benefits Professional

• Education
• University degree
• Certified Employee Benefits Specialist (CEBS)
• Skills and Qualifications
• Background and Experience in
• Human Resources
• Finance
• Legal
• Investment Banking
• Actuarial Science
• Insurance Underwriting

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Becoming a Benefits Professional

• Traits Needed
• Detail-oriented
• Good with numbers
• Good in communication / counseling
• Ability to handle very personal and confidential
  matters

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Any Questions???

• On Employee Benefits ?
• On Human Resources ?
• On Universal Music ???
• On our artists ?????