Introduction This case brings an interesting discussion to the faucet of Corporate Compensation. Aflac is one of America Fortune 500 insurance companies. Aflac was built by three brothers, John, Paul, and Bill Amos. Since the establishing of the company, Aflac has well over 4,000 employees, 70,000 licensed independent agents combine between the United States (U.S) and Japan (Reed, 2009). These three understood quite well the compensation linking relationship between performance and rewards are real for both to exhibit motivating power.
How the company uses its own products or services to enhance the total compensation for its employees.
Like most philanthropist companies, Aflac is built around its employees. Aflac implements …show more content…
A weakness of the legal environment and pay system governance is the limitations of managerial decisions in setting pay levels. For instance, Aflac must rely on each external employee to submit accurate records of hours worked and earnings. Due to, the type of compensation external employee receives they are considered exempt, which makes it difficult for corporations to monitor (Brealey, Myers & Marcus, 1976). However, Aflac response to this, by being aware of the new changes made for non-exempt employees overtime pay reporting. Allowing the affiliate employee to maintain a cost analysis of what it will take to achieve the salary …show more content…
In 1985, when technology began to rein among the nations, Packard Bell began a high school course called Computer Concepts. The course was only available to them who are qualified Juniors and Seniors in high school. Since, college preparatory and prerequisite courses are required prior to attending an actual college course. Seemly, for those who are considering marketing, entrepreneurship, and similar professions marketplace must absorb all potential failure costs itself (Quinn, 1985). Aflac should consider offering free high school, and college introductory course. Also, international high school students who are considering Aflac internship can participate via internet. For instance, students can attend local affiliate company and participate in volunteer activities boosting younger interest in the company. Lastly, local Aflac companies should consider offering scholarships to those members who are volunteer in the local community and offer continual support to non-profit
How the company uses its own products or services to enhance the total compensation for its employees.
Like most philanthropist companies, Aflac is built around its employees. Aflac implements …show more content…
A weakness of the legal environment and pay system governance is the limitations of managerial decisions in setting pay levels. For instance, Aflac must rely on each external employee to submit accurate records of hours worked and earnings. Due to, the type of compensation external employee receives they are considered exempt, which makes it difficult for corporations to monitor (Brealey, Myers & Marcus, 1976). However, Aflac response to this, by being aware of the new changes made for non-exempt employees overtime pay reporting. Allowing the affiliate employee to maintain a cost analysis of what it will take to achieve the salary …show more content…
In 1985, when technology began to rein among the nations, Packard Bell began a high school course called Computer Concepts. The course was only available to them who are qualified Juniors and Seniors in high school. Since, college preparatory and prerequisite courses are required prior to attending an actual college course. Seemly, for those who are considering marketing, entrepreneurship, and similar professions marketplace must absorb all potential failure costs itself (Quinn, 1985). Aflac should consider offering free high school, and college introductory course. Also, international high school students who are considering Aflac internship can participate via internet. For instance, students can attend local affiliate company and participate in volunteer activities boosting younger interest in the company. Lastly, local Aflac companies should consider offering scholarships to those members who are volunteer in the local community and offer continual support to non-profit