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Just Looking

In: Business and Management

Submitted By lsmith8604
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Case Study: Geico
Latrissa Smith
HRM 533: Total Rewards
Dr. Lorna Thomas

A Total Rewards program is an important element in any organization. It constitutes all the things a business uses to attract employees.
The following paper will determine if the facets of the company, Geico's totat rewards program aligns with the five advantages of a total rewards program. A strategy will be created to that the Geico plan addresses all of the advantages. This paper will evaluate the effectiveness of the communication of Geico's total rewards program. Then there will be recommendations of improvements or changes to Geico's total rewards program.
Five Advantages of a Total Rewards Program
Determine which facets of the Geico total rewards program align with the five top advantages of a total rewards program outlined in chapter 2 of the textbook and discuss your reasoning.
At first glance of Geico's Total Rewards website, there are five different titles with links to access that are in big, bold, blue letters. Each title would attract a prospective employee and would be beneficial to ones needs. Heatlth and Well-Being, Education & Training, Finance & Retirement, Time Off & Leave, and Family & Life are shown in order to get the prospective employee's attention.
There are five top advantages of a total rewards program, according to WorldatWork (2007). The five advantages include increased inflexibility, improved recuitment and retention, reduced labor/cost of turnover, heightened visibiliaty in a tight labor market, and enhanced probability.
• Health and well-being highlighted in Geico's total rewards program aligns with the heightented visibility in a tight labor market, as well as enhanced profitabilty. When an employee's needs are met, they will be more loyal to the company and be more willing to make changes when needed. It is important…...

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