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Aflac Total Rewards Case Study

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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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Medical benefits to employees or individuals are provided inform of insurance. Health insurance is an insurance that covers an individual against the risk of incurring medical expenses. It means that, health insurance is a coverage that provides payment as a benefit in case of sickness, injury and medical expenses. The insurance company or an agency provides insurance cover to an individual, a group of people or to an organization (Thomas, 2000). However, in this case we will compare medical benefits of Blue Cross Blue Shield Health Insurance Company (BCBS) and United Healthcare (UHC).

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Its objective is to retain and promote the best managers possible at every location to best influence the food and the customers positively. A unique method of staffing was enacted at Chipotle. The staffing structure ensured that the hourly employees could be promoted to better and higher paying positions and even into management. This career progression attracted and retained the best human resource talent and provided a motivating and positive career trajectory for lower-tier staff. The ability of managers to reward or withhold tangible and intangible rewards allows for the development of a meritocracy.

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Costco provides a great benefit to their employees. According to Costco in Canada, “Costco has one of the most competitive benefits packages in the industry. Not only do we provide our employees with a full spectrum of benefits but employees may also elect coverage for their spouse and children” (2016, para7). It shows that the company cares their employees and employees’ families. It can motivate employees to work and have more productivities because family issues can influence their work also it will affect to the

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Abstract Employee engagement is a huge umbrella covering every aspect of human resource management facets. It is vital to address every facet of HR, failing to which may result in mismanagement employee dissatisfaction & employee disengagement. Employee engagement is all about retaining the employees in the organization by adopting certain strategies resulting in job satisfaction, employee commitment and Organizational citizenship behavior. Employee engagement have broader scope, it defines a two way relationship between employer & employee. Better the employee engagement activities & strategies adopted by the organization more emotionally attached are the employees to their organization, resulting into high involvement in the job with greater

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The reward system must be fair and just in an organization. Organizations must design interesting, dynamic and challenging

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