Subject: Business / Management
The project should be 1,200–1,800 words, excluding title and
reference page. It should include items 1–7 as listed under Course
Project Overview below.
1. Follow proper APA style/citations, grammar and punctuation, and so on. An APA
tutorial is located on the HUB for assistance. 2. Identify an organization with compensation or benefits challenges. It could be an
organization with which you are familiar personally or through the media. 3. Provide a detailed review of the compensation and/or benefit challenge (problem)
at the organization. It is recommended that you concentrate on the principle
compensation and/or benefit challenge(s) within a single organization, rather than a
number of less important issues. Be careful to avoid selecting a topic that is too broad.
At the same time, the challenge facing the organization should be broad enough to
provide multiple strategies to help resolve the problem. 4. Discuss the compensation and/or benefits strategies other organizations have
utilized related to your challenge, along with a review of their success and failure. As an
example, if you are interested in an employee assistance program and why usage is
less than expected, detail the strategies other organizations have followed to improve
participation and see a return on their investment. Information regarding other
organizations should be gathered through a research process and consist with
academic-quality materials rather than word-of-mouth information. 5. Recommend the strategy you propose the organization should follow to address
its compensation and/or benefit challenge. Explain why you have selected this strategy.
Include research (theory) to substantiate your selection. 6. Discuss impediments to this strategy, including any contingency plans that
should be considered. 7. Finally, detail how the strategy you propose would address the organization’s
challenge (as detailed in step 2 above) and its impact on both the organization and the
employee. Include specific items that should be included in the action plan. Category Points % Description Documentation
and Formatting 20 10% A quality paper will include a title page, abstract,
proper citations, and a reference page. Organization and
Cohesiveness 100 50% A quality paper will include an introduction of the
company and industry. The content will be
properly subdivided into sections derived from
the items 2–7 above. In a quality paper, the
conclusion will summarize the reasoning you Category Points % Description
employed in your analysis and any outstanding
conclusions you can reach about the companies
analyzed. Editing 30 15% A quality paper will be free from any spelling,
punctuation, or grammatical errors. Sentences
and paragraphs will be clear, concise, and
factually correct. Content 50 25% A quality paper will have significant scope and
depth of research to support any statements.
Relevant illustration or examples are
encouraged. A quality paper will employ sound
use of reasoning and logic to reinforce
conclusions. The paper meets the required
1,200–1,800 words for content. Total 200 100% A quality paper will meet or exceed all of the
American Family Life Insurance Company (Aflac) is a successful company that
was founded in 1955. The business primarily focuses on life and health insurance,
specifically focusing on major medical in both the United States and Japan. The recent
commercials featuring the Aflac duck have been hugely successful in marketing this
company. They are a Fortune 500 company that is ranked 91 in Fortune 100 Best
companies to work for (Aflac, n.d.). Aflac has both employees that work directly for them
that average about 4500 as well as 71,000 independent licensed agents.
With all of their success, the median tenure of their employees is 1 year per the
Full List of Employee Tenure at Fortune 500 Companies (n.d.) This leads to the thought
process that there is a problem in the company. After reviewing employee satisfaction
survey, a reoccurring theme that appeared was management issues and the 100%
commission structure made it difficult to survive while trying to build up their clientele.
Aflac did a study that found that “42% of the 5,000 employees surveyed in Aflac
study said improving their benefits package is one thing their employers could do to
keep them in their jobs. This answer was second to only to “increase my salary.”” Their
report also told them that when employees are happy about their benefits, they are most
often satisfied with the job and would be less likely to look for other employment within
12 months of that satisfaction. They also discovered that the more robust the insurance
is the more satisfied the employees are. (Aflac Supplemental Insurance n.d.)
Aflac has an opportunity to improve by following the information provided in its
own research. Maybe they should consider a ramping up period to the 100% commission. This will still encourage the sales team to continue to work hard to be
successful and it will show the employee that they are interested in their success. Small
changes can go a long way in improving morale and creating an environment where
employees want to stay. References
Aflac. (n.d.). https://www.indeed.com/cmp/AFLAC/reviews
Aflac. (n.d.). http://beta.fortune.com/best-companies/aflac-91
Aflac Supplemental Insurance. (n.d.).
Full List of Employee Tenure at Fortune 500 Companies. (n.d.).
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