According to the COO of Polo Ralph Lauren Retail Group, Bridget Berman says Ralph Lauren’s company culture is “very open and friendly” and that he started with “small loyal team that is still with him”. Ralph Lauren tries to uphold a very positive company culture and keep employees happy so they will stay long term. They like to promote from within and have many cases of employees starting at the bottom and working their way up to upper management. They not only offer pregnancy leave, but 3 months of parental leave as well for either parent whether having a child or adopting. They offer longer than average vacation time as well as many travel opportunities, and promotions to different locations within the company. It has been reported that although the salary is low with long hours and a highly stressful job, employees are given many rewards. Ralph Lauren offers its employees different rewards such as bonuses for attendance, employee discounts, and stock options.
Ralph Lauren communicates with key stakeholders about strategy in a few different ways. They have a separate website full of information for stakeholders (investor.ralphlauren.com). They give all off their financial information here as well as news on the company. They give a full update on the company every quarter and also a conference call every quarter open to anyone who wants to call in.
References:
Investor.ralphlauren.com
Vault.com
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