Aflac Inc.: Rewards and Performance Practices
Aflac Inc. – Reward and Performance Practices
Abstract
Through rewards and recognition programs, organizations seek to find ways to motivate their employees with hopes of receiving better job performance, better job satisfaction, and lower job turnover. Aflac has developed a corporate culture that has been devoted to keeping its employees well cared for on an ongoing basis. With more than 4500 employees in the US, Aflac have consistently been recognized as one of the best and most ethical companies to work for in corporate America. Aflac’s reward structure is considered a performance base structure that focuses on recognizing and rewarding their employees. Rewards are given based off of individual performances, team performances, and organizational performances. The incentives that AFLAC offers are both monetary rewards as well as non-monetary rewards each with a list of opportunities for employees to take advantage of. AFLAC believes in always motivating its employees to achieve their goals on a daily, weekly, and monthly basis.
Aflac Inc. – Reward and Performance Practices
Every organization in some form or fashion attempts to show their appreciation to their employees. Whether it’s the famous annual Christmas party or a bonus check based off the overall performance of the company, most organizations recognize the importance of giving back to the employees. Through rewards and recognition programs, organizations seek to find ways to motivate their employees with hopes of receiving better job performance, better job satisfaction, and lower job turnover. Earlier research shows that when employees feel supported and cherished by their company, they are more likely to actively pursue the company’s goal, have lesser rates of turnover, and show a more productive attitude in behavior and job involvement .
Nearing its 60th year in existence, Aflac has developed a corporate culture that has been devoted to keeping its employees well
Abstract
Through rewards and recognition programs, organizations seek to find ways to motivate their employees with hopes of receiving better job performance, better job satisfaction, and lower job turnover. Aflac has developed a corporate culture that has been devoted to keeping its employees well cared for on an ongoing basis. With more than 4500 employees in the US, Aflac have consistently been recognized as one of the best and most ethical companies to work for in corporate America. Aflac’s reward structure is considered a performance base structure that focuses on recognizing and rewarding their employees. Rewards are given based off of individual performances, team performances, and organizational performances. The incentives that AFLAC offers are both monetary rewards as well as non-monetary rewards each with a list of opportunities for employees to take advantage of. AFLAC believes in always motivating its employees to achieve their goals on a daily, weekly, and monthly basis.
Aflac Inc. – Reward and Performance Practices
Every organization in some form or fashion attempts to show their appreciation to their employees. Whether it’s the famous annual Christmas party or a bonus check based off the overall performance of the company, most organizations recognize the importance of giving back to the employees. Through rewards and recognition programs, organizations seek to find ways to motivate their employees with hopes of receiving better job performance, better job satisfaction, and lower job turnover. Earlier research shows that when employees feel supported and cherished by their company, they are more likely to actively pursue the company’s goal, have lesser rates of turnover, and show a more productive attitude in behavior and job involvement .
Nearing its 60th year in existence, Aflac has developed a corporate culture that has been devoted to keeping its employees well