Go to the Geico Website to read the “Total Rewards Program”...

Question

Go to the Geico Website to read the “Total Rewards Program” athttp://careers.geico.com/working_at_geico/total_rewards_program.
Write a four page paper in which you:

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 textbookand discuss your reasoning.
Create a strategy for ensuring that the Geico plan addresses all of the advantages. HINT:See figure 3.1 in the textbook as a guide for creating your strategy.
Evaluate the effectiveness of the communication of Geico’s total rewards program based upon the Website’s descriptions of the benefits. NOTE:Even if you feel the communication is effective, still recommend two (2) areas for improvement.
Assuming employees are unhappy with the current plan, as an HR leader, offer two (2) improvements or changes to Geico’s total rewards program. What would you add or delete?
Use at least five (5) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.

Soumi · Accepted Answer

Running Head: TALENT MANAGEMENT		1
TALENT MANAGEMENT		2
TALENT MANAGEMENT
Table of Contents
Introduction	3
1. Facets of Geico’s Total Rewards System aligning with the Five Top Advantages of a Total Rewards Program	3
2. Strategy Ensuring the Geico Plan Addresses all the Advantages	5
3. Effectiveness of Communication of Geico’s Total Rewards Program	6
4. Improvements to the Geico’s Total Rewards Program	6
Conclusion	7
References	8
Introduction
The Government Employees Insurance Company (Geico) is one of the most popular auto-insurance companies of America. The policies are sold by the company through local agents who are known as Geico Field Representatives (Careers, 2019). In this report, we are going to discuss about the facets of Geico total rewards system, strategy enduring the Geico plan, effectiveness of the communication of Geico’s total rewards program, and also view of some improvements to the Geico’s total reward program.
1. Facets of Geico’s Total Rewards System aligning with the Five Top Advantages of a Total Rewards Program
The facets of Geico’s total reward program, which align with the five top advantages of a total rewards program, are as follows-
Education and Training:
As opined by Fan and Wang (2017), in a world with a great scarcity of best employees and innovative ideas, the total reward program provides the best way to tackle the employees’ needs and make them more involved in their work.
Finance and Retirement:
With an increase in technology, there is also an increase in the investments made by the company to get it. The total reward program makes a perfect plan to lower the investment and at the same time meets the requirements of rewards of employees.
High Level of Tight Labour Market:
According to Lermusiaux (2003), the business market is now facing a high level of shortage in talents, and always wanting to make their best employees happy so that they stay in their organization comfortably and also for a long time (Cokro, Rahem, Aditama & Kristianto, 2018). The total reward program serves for this purpose in behalf of the employers.
Family and Leave:
The total reward program meets the requirements of both the employers and employees as it leads the relationship between these two to a better place. As mentioned by Fan, Wu, Zheng and Lin (2016), if the team of work understands each other, they can work in a more determined order and at same time,

Go to the Geico Website to read the “Total Rewards Program” athttp://careers.geico.com/working_at_geico/total_rewards_program. Write a four page paper in which you: Determine which facets of the Geico...

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