Geico Case Study

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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 follows a total rewards program that is based on a compensation and competitiveness. They pay their employees based on their experience and skill set level. Geico offers pretty competitive rates in the field of Insurance which tells us that it values its employees and have their best interest at heart when it comes to compensation. With what the world is going through today, there are few companies that can say that they haven’t taken a beaten with the economy. However, Geico has been able to retain its workforce and continue to be productive. So, compensation and competitiveness is one of the top five advantages of the total rewards program. Another facet which is very important to most people that have families is work-life. When a company cares about an employee they should try to make sure they are successful both at work and home. If a person’s family is well they are usually and have a great work experience. Geico helps parents succeed in home and work by understanding and putting measure in place to understand when an employee can’t come in because of child issues, appointments, or illnesses. This falls under practices, programs, policies, and philosophies that support work-life efforts. They put practices in place to prepare for absences and help employees balance home and work life. The third facet is Performance and Recognition. Of course all of us like to be recognized for a job well done. Geico makes sure it recognizes employees that do an acceptional job by placing the job the employee does on their website and their accomplishment. This goes a long way with employees feel appreciated and being proud to work for their company. Another thing it

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