Modifications in the Compensation Plan

Running Head: Organisation Recompense Program
0
AFLAC Company
Case Study
Student name
7/10/2019

Doing modifications in the compensation plan 1
Contents
Usage of the product for the purpose of giving payment to the staff:........................................2
In what ways, organization replies towards its strengths and weakness:...................................2
Examples:...................................................................................................................................3
Corporate values of the business:...............................................................................................4
Suggestions for improving the reimbursement program:...........................................................4
Biblical Integration:...................................................................................................................5
Bibliography...............................................................................................................................6

Doing modifications in the compensation plan 2
Usage of the product for the purpose of giving payment to the staff:
Aflac corporate established by the 3 brothers namely John, Bill, and Paul Amos, in
the year 1955 and the business was stated in Japan and the U.S. particularly. It delivers life
insurance facility as its main product that’s why its name full form is- American Family Life
Assurance Company. It pays a salary and gives its products to the workers as a part of the
reimbursement system.
Along with goods for remuneration, it offers various types of benefits to the workers
such as providing merchandise to employees at a low price or at free of cost, so to fulfil their
needs well. It also gives fully paid insurance to the workforce, in order to fight against cancer
disease; launches childcare facility, so that they can work freely without having a strain in
mind regarding their kids (Our Company, 2019). It has been done to understand the life of
the personnel well, and for motivating and creating a strong relationship with them.
Therefore, the reward is necessary for enhancing the effectiveness of workers as well
as for the company’s operations. It is because workers are regarded as an asset of the firm, as
they are the one which produces outcome or result with the utilization of resources in a
proper and efficient manner.
In what ways, organization replies towards its strengths and weakness:
Internal: The Company has great goodwill in the market which thereby helps in
finding the talented population for the recruitment procedure. In the workplace, workers are
allowed to freely communicate without any interference which leads to creating a positive
workplace environment (Dinkin, 2015).
The shortcoming of the organization is linked with the turnover rate. It is that rate
which is used to define how many workers are leaving the job and according to the company,