Hi, need to submit a 1250 words paper on the topic Geico. Such, each company must strive not only to attract talent, but also to retain them as well through a total rewards program. Traditionally, rewarding employees has been equated with pay. Today, it is no longer applicable and “the definition of rewards encompasses the overall value proposition that the employer offers to the employee. It’s a total package that includes compensation (comprising of base pay, short-term incentives and long-term incentives), benefits (including health, retirement and work/life benefits, which account for an increasing portion of the rewards package) and careers (including training and development, lateral moves,stretch assignments and career incentives)” (Morris, nd, pg 6). In the case of Geico (2012), it employed a six facet item as part of its Total Rewards program which include Health and Well-being, Building and Securing Your Financial Future, Time Off and Leave Programs, Family and Life Programs, Education and Development and Amenities and Perks. Many aspect of Geico’s total rewards are consistent or aligned with the lectures in the Chapter 2 of our textbook which are as follows. 1. Increased Flexibility Geico’s reward program is not only tied up with pay.
https://www.yourtechnicaltutors.com/wp-content/uploads/2020/07/log-300x75.png 0 0 https://www.yourtechnicaltutors.com/wp-content/uploads/2020/07/log-300x75.png 2019-10-29 07:34:542019-10-29 07:34:54Hi, need to submit a 1250 words paper on the topic Geico. Such, each company must strive not only to attract talent, but also to retain them as well through a total rewards program. Traditionally, rew