Question: Case analysis on Aflac and L.L.Bean Please answer the four questions from an HR perspective 1- IN your opinion what's Aflac's competitive strategy justify your
Case analysis on Aflac and L.L.Bean
Please answer the four questions from an HR perspective
1- IN your opinion what's Aflac's competitive strategy justify your answer ?
2- What was the main struggle that made aflac create total rewards programs from an HR perspective
3-List type of total rewards program what was initiated in Aflac's Insruance company and why HR did it
4- Based on the given information explain why it is challenging for companies to retain qualified staff
Company Information Aflac is a Fortune 500 insurance company founded in 1955 by three brothers, John, Paul and Bill Amos. Today, Aflac employs more than 4,500 people and has more than 71,000 licensed independent agents throughout the United States and Japan. The following is an excerpt from the New York Stock Exchange business summary. Aflac Incorporated is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services and making capital available. Its principal business is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac), which operates in the United States (Aflac U.S.) and as a branch in Japan (Aflac Japan). Aflacs insurance business consists of two segments: Aflac Japan and Aflac U.S. Aflac Japan sells cancer plans, care plans, general medical indemnity plans, medical/sickness riders, living benefit life plans, ordinary life insurance plans and annuities. Aflac U.S. sells cancer plans and various types of health insurance, including accident/disability, fixed-benefit dental, sickness and hospital indemnity, vision care, hospital intensive care, long-term care, ordinary life and short-term disability plans. Aflac Corporate Philosophy Since its beginning, Aflac has believed that the best way to succeed in our business is to value people. Treating employees with care, dignity and fairness are founding principles of Aflac. Aflacs Mission To combine innovative strategic marketing with quality products and services at competitive prices to provide the best insurance value for consumers.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
