Geico Case Study
Case Study: Geico
Assignment 1: Case Study GEICO
HRM 533
Linda Matthews
April 28, 2013
Dr. Jean Gordon
Case Study : Geico 1
1. Determine which facets of the Geico total rewards program align with the five (5) top advantages of a total rewards program outlined in Chapter 2 of the textbook and discuss your reasoning. Geico offers a variety of benefits programs just to name a few would be: medical, dental and vision coverage. This program also includes work/life balance programs and physical fitness program (http://careers.geico.com).
Geico believes in benefiting their employees’ life long learning and encouraging their employees to continue to educate themselves and grow. Employees are eligible for tuition reimbursement pertaining to obtaining their undergraduate education at an accredited community college (http://careers.geico.com). *The Importance of Total Reward for the Employees The reason why total reward is extremely important is because of the demands of the labor force. Competition among other companies is always taking place which is why it is vital to have talent employees (Wiley & Sons, 2007, pg. 17). The organization of today must continue to strive and enhance career opportunities for their employees and promote their wellbeing. Companies can create a excellent total reward package which Case Study : Geico 2
which would be able to attract, retain and can create an excellent total reward package which would be able to attract, retain and motivate talented employees and reduce turnover in the organization Wiley & Sons, 2007, pg. 17). Total rewards can enhance personal and professional growth and enrich a healthy work environment in the organization which will increase business (Wiley & Sons, 2007, pg. 17).
Assignment 1: Case Study GEICO
HRM 533
Linda Matthews
April 28, 2013
Dr. Jean Gordon
Case Study : Geico 1
1. Determine which facets of the Geico total rewards program align with the five (5) top advantages of a total rewards program outlined in Chapter 2 of the textbook and discuss your reasoning. Geico offers a variety of benefits programs just to name a few would be: medical, dental and vision coverage. This program also includes work/life balance programs and physical fitness program (http://careers.geico.com).
Geico believes in benefiting their employees’ life long learning and encouraging their employees to continue to educate themselves and grow. Employees are eligible for tuition reimbursement pertaining to obtaining their undergraduate education at an accredited community college (http://careers.geico.com). *The Importance of Total Reward for the Employees The reason why total reward is extremely important is because of the demands of the labor force. Competition among other companies is always taking place which is why it is vital to have talent employees (Wiley & Sons, 2007, pg. 17). The organization of today must continue to strive and enhance career opportunities for their employees and promote their wellbeing. Companies can create a excellent total reward package which Case Study : Geico 2
which would be able to attract, retain and can create an excellent total reward package which would be able to attract, retain and motivate talented employees and reduce turnover in the organization Wiley & Sons, 2007, pg. 17). Total rewards can enhance personal and professional growth and enrich a healthy work environment in the organization which will increase business (Wiley & Sons, 2007, pg. 17).