Case Study of AfLAC Company
Case Study
To complete the assignment, you will need to read the Society for Human Resource Management (SHRM) case study, Benefits and Business at Aflac and L.L. Bean, that is posted at the bottom of this page. After reading the case study, you are to answer the questions below. Be sure to incorporate appropriate scholarly and practitioner references to support your key ideas. The total length of your assignment should be no more than 5-6 pages, not including the cover page and reference list.
Case Study Questions. Pick one of the companies presented in the SHRM case study, either Aflac or L.L. Bean, and answer the following:
- Think about the internal strengths and weaknesses of the company. How, if at all, did the firm respond to these factors from a total rewards perspective?
- Consider the external opportunities and threats of the company. How, if at all, did the firm respond to these factors from a total rewards perspective?
- Given the corporate values of the organization, what revisions would you make to its benefits program in order to better align it with the accomplishment of the company’s organizational goals and values?
Answer preview
Companies run their business according to the policies, goals, and terms set. Aflac Company is an insurance industry and has two segments, the major company is in the US and its branch in Japan, and it has managed to employ more than 4500 employees who are accredited to a total reward compensation. Having such a huge number of the employee comes with strengths and weaknesses, opportunities, and threats which the company faces. In regard to this, it all depends on the corporate values and the organizational goals of the company, which helps in solving them.
Internal Strengths and Weaknesses of Aflac
The internal strengths and Weaknesses that Aflac has experienced are as follows. Being a big company, maintaining employees can be disastrous by the HR department due to the demand they get from employees. This is one of the major problems that Aflac has faced but came out strong through the idea of lashing out compensation and benefits packages so as to retain its employees. The total reward perception…
(1500 words)