This provides a competitive edge in that the company not only caters to a widely diverse public, but also in that they can understand and meet the needs of this public. Customer satisfaction would then lead to increased customers and better business.
The other three questions, relating to the employees' experience in the workplace, provide employees with the opportunity to voice any concerns or trouble they have, while also ensuring that the company not only remains diverse, but also truly integrated within this diversity. This leads to worker satisfaction, which would in turn mean a higher level of worker retention. The company therefore saves significantly in terms of recruiting new employees or using worker hours to train these employees.
The open communication platform created by the Diversity Index cultivates a sense of trust between employees and managers, which is further conducive to companywide excellence. Employees who trust their employers to deliver the best tools they can to help them achieve their best level of excellence are most likely driven to give their best to their employers.
3.
High Performance Reward System
Allstate could use both external and internal systems to reward high performance. Such rewards would also serve as motivators for employees to do their best. Bonuses are a very good motivator for excellent work, because they are very flexible. Each department could for example have three high performance bonus rewards per year or every six months. There could for example be three levels of bonuses: the highest for the best performance, while the second and third are lower bonuses for second- and third-best performances.
Paid vacations are another good idea to provide an internal reward. Employees who win this type of bonus could be provided with a choice of two or three destinations, which should include room for a family of up to four or five persons. This is...
In terms of the second component of the motivational strategy at the Allstate Insurance Company, the Quarterly Leadership Measurement System however, I feel that this is a technical business tool aimed at a numerical and factual understating of people, operations and workplace settings. Additionally, I feel that when under the pressure of a quarterly examination, the motivation and drive for work would be replaced by anxiety. However the fact that
This information is then rated and scored, to determine the take home pay of the manager. Where, those who perform poorly on this index will see a 25% reduction in their pay. This is significant, because it shows how the system that All State uses; helps with goal setting and to promote diversity work. Where, the employee will be selected because of their talents. Then, to maintain motivation and
Once the report is analyzed, we have a sense of how the SWOT will shape up. However, this must be supplemented with sources that have less bias. For a company analysis, this tends to be the financial news, of which there are dozens of quality sources. Academic research seldom provides sufficient or timely insight into a company's operations, but may have value for broad-based issues. The insurance industry, for example,
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