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Aflac Total Rewards Case Study

1043 Words5 Pages

Total Rewards Aflac used its total rewards program to become a leader in employee engagement. Hoole and Hotz (2016, p. 1) identified a strong correlation between total rewards and employee engagement which are important motivators for employees in the workplace. Case study 3 provides an overview of Aflac innovative use of its employee compensation and benefits program to achieve its organizational goals. Aflac is a Fortune 500 company whose principle business is providing supplemental health and life insurance. Aflac has over 4,500 employees in a very competitive employment market. The unemployment rate for insurance professionals runs below the rate in other industries, in 2016 the unemployment rate for insurance professionals were 2.5% compared to the national rate of 4.6% (United States Department of Labor: Bureau of Labor Statistics, 2017). There is
Company Products and Services Enhance Total Compensation Aflac enhanced its employee compensation package with many the products and services Aflac provides to other companies. Aflac provides the life insurance, and its ground-breaking cancer insurance it sells to other employers to its employees and provides them subsidized accident protection insurance. Utilizing company products and services increases …show more content…

By utilizing Aflac products and services the company is able to provide additional benefits to employees at a lower cost, thus providing a better value for shareholders. Agents will see improved quality as the Aflac employees themselves utilize the Aflac service and identify areas needing improvement. Agents will be benefactors of increased employee engagement. Lastly, the non-traditional employee benefits that care for the employee like an on-site fitness center, volunteer of the month program, and health education shows that the organization values providing an enriching and rewarding workplace for its

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