Compensation and Benefit in Domino's Pizza Essay

1302 Words Mar 30th, 2006 6 Pages
Domino's Pizza is one of the world biggest companies of pizza production and delivery. The company was founded in the USA in 1960 by Tom Monaghan. Since that time Domino's Pizza Company became one of the leading fast food delivery companies in the world: "We have been delivering quality, affordable pizza to our customers since 1960 when brothers Thomas and James Monaghan borrowed $900 and purchased a small pizza store in Ypsilanti, Michigan. Since that time, our store count and geographic reach have grown substantially" (Domino's Pizza).
Domino's Pizza combines some methods of international expansion and development, but there are some most effective ones which provide the best penetration to the international markets. The paper will
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They are based on Franchising Agreement with Domino's Pizza International, Inc. A franchisee must have appropriate local market, business strategies and experience knowledge. Through well developed franchising system Domino's Pizza Company gains constant royalty payments which allow the company to develop and expand to international markets.
The growth and benefit of Domino's Pizza is mainly provided by its franchising system development and royalty payments from numerous stores throughout the world. This system provides competitive compensation and appropriate benefit for the company: "All the other Human Resource (HR) processes and systems, like competitive compensation, appropriate benefits and providing a learning environment, add to that" (Whitney K., 2005). The company has chosen the most appropriate method of international expansion. Domino's Pizza makes franchising agreements with appropriate firms working in relevant market segments and having local market features knowledge. This mode of international expansion protects Domino's Pizza from superfluous financial costs connected with wholly owned subsidiaries.
To increase franchisee compensation and benefit, and support the brand image of Domino's Pizza, the company provides different kinds of franchisee supporting programs. The training course gives appropriate knowledge of Domino's Pizza functioning, its rules and policy, as well as other relevant elements of

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