Allstate Insurance Company Case Study
Discuss the following related to the Allstate Insurance Company case:
Using the goal setting model, evaluate Allstate’s goal setting process. Explain how it works. Allstate provide their employees with a road map to succeed. They give them tools and resources to become a better employee. They have quarterly leadership measurements as well as the survey to get feedback from employees. Allstate focus on diversity, Four step process to reach their goals. Step one: Succession Programming. They identified and developed candidates for each key position. Allstate’s management information system enables it to track and measure key drivers of career development and career opportunities for all of its employees, ensuring that the company’s future workforce will be diverse at all levels. Step two: Development. Through the company’s employee development process, all employees receive an assessment of their current job skills and a road map for developing the critical skills necessary for advancement. Step Three: Measurement. Twice a year the company takes a survey called the Diversity Index. An online employee survey and feedback process called the Quarterly Leadership Measurement System (QLMS). Step Four: Accountability and Reward. The company’s diversity goals links compensation incentive by giving each manager a 25 percent merit pay, based on the Diversity Index and the QLMS. (Hellriegel & Slocum, 2009, p. 184-185). Discuss if Allstate meets the criteria for an effective goal setting program.
* employee must have the knowledge and ability to attain the goal. * employee must be committed to the goal, * Feedback on their progress toward the goal. * Tasks broken down so that the employee can set sub goals * Have the resources necessary to attain their goals. Hellreigel & Slocum, 2009, p.171).
Allstate meets the above criteria’s. They have put before their employees a four step process.
Using the goal setting model, evaluate Allstate’s goal setting process. Explain how it works. Allstate provide their employees with a road map to succeed. They give them tools and resources to become a better employee. They have quarterly leadership measurements as well as the survey to get feedback from employees. Allstate focus on diversity, Four step process to reach their goals. Step one: Succession Programming. They identified and developed candidates for each key position. Allstate’s management information system enables it to track and measure key drivers of career development and career opportunities for all of its employees, ensuring that the company’s future workforce will be diverse at all levels. Step two: Development. Through the company’s employee development process, all employees receive an assessment of their current job skills and a road map for developing the critical skills necessary for advancement. Step Three: Measurement. Twice a year the company takes a survey called the Diversity Index. An online employee survey and feedback process called the Quarterly Leadership Measurement System (QLMS). Step Four: Accountability and Reward. The company’s diversity goals links compensation incentive by giving each manager a 25 percent merit pay, based on the Diversity Index and the QLMS. (Hellriegel & Slocum, 2009, p. 184-185). Discuss if Allstate meets the criteria for an effective goal setting program.
* employee must have the knowledge and ability to attain the goal. * employee must be committed to the goal, * Feedback on their progress toward the goal. * Tasks broken down so that the employee can set sub goals * Have the resources necessary to attain their goals. Hellreigel & Slocum, 2009, p.171).
Allstate meets the above criteria’s. They have put before their employees a four step process.