Human Resources
View Paper
ESSAY DETAILS
Words: 322
Pages: 1
(approximately 235 words/page)
Pages: 1
(approximately 235 words/page)
Essay Database > Literature > English
Recognize individual achievements
Reward team productivity
Compensate employees for the acquisition of new skills
Remain competitive with its salary structure.
AAL has 15 service teams, organized geographically, that perform all
services necessary for the company's insurance products. For example, a
team, comprising 25 employees, can underwrite a policy, pay a claim, change
beneficiaries and modify coverage levels. Furthermore, team members can
provide these services for any product, be it life insurance, health or
disability insurance.
Before developing
showed first 75 words of 322 total
Sign up for EssayTask and enjoy a huge collection of student essays, term papers and research papers. Improve your grade with our unique database!
showed first 75 words of 322 total
showed last 75 words of 322 total
their associated dollar value. Employees are paid a base wage for the primary service they perform, and they can receive incremental pay increases for each service added to their repertoire of skills. A team-incentive program: AAL has implemented a team-incentive program through which the entire team is awarded an annual bonus based on three factors: Productivity Customer satisfaction Quality of work. This team incentive can be worth as much as 10% of an employee's annual compensation.
their associated dollar value. Employees are paid a base wage for the primary service they perform, and they can receive incremental pay increases for each service added to their repertoire of skills. A team-incentive program: AAL has implemented a team-incentive program through which the entire team is awarded an annual bonus based on three factors: Productivity Customer satisfaction Quality of work. This team incentive can be worth as much as 10% of an employee's annual compensation.