Case Study: Geico

Assignment 1: Case Study GEICO
HRM 533
Linda Matthews
April 28, 2013
Dr. Jean Gordon

Case Study : Geico 1

1. 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 offers a variety of benefits programs just to name a few would be: medical, dental and vision coverage. This program also includes work/life balance programs and physical fitness program (http://careers.geico.com).

Geico believes in benefiting their employees’ life long learning and encouraging their employees to continue to
It can be viewed as compensation and benefits as well as tangible elements such as total compensation or total remune- Case Study: Geico 5

rations. Total rewards can be something that is rewarding about work for a employer or everything that employees get as a result of their employment (Wiley & Sons, 2007, pg. 2). The total rewards component would consist of compensation, benefits, work-life, performance and recognition, and development and career opportunities (Wiley & Sons, 2007, pg. 7). If a company has the best benefit package in the world, it won’t get a return on its Investment if the employees is not fully aware of what the benefits have to offer and how the benefits can help them and their families (HR Magazine, March 2011, pg. 29). It is not just enough to communicate what benefits the company offers, HR professionals need to show how those benefits will meet the employees and help them reach their personal goals (HR Magazine, March 2011, pg. 29). Proper communication of total rewards changes is needed for success. Determining the right amount of information, when to deliver the information and the right