Coca Cola Total Rewards Program - Term Paper Example

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The main rationale of this paper is to propose a Total Rewards program for the Coca Cola Company. The present mandatory capabilities and competencies of the business will also be taken into consideration. Further, recommendations will be provided for the total reward program…
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Download file to see previous pages The Total Rewards Program of the Coca Cola Company includes learning and growth, benefits, compensation, as well as a work atmosphere which is aligned within the structure of their operations. The company believes that encouragement and recognition are instrumental elements of success. The continued success of the Coca Cola Company relies on building their brands, improving their customer service as well as maximizing their company’s value to the shareowners. The company depends on their employees in order to help them attain these objectives. The compensation program of the company is deliberated to help them attract, motivate, and retain their employees. Apart from an hourly remuneration or base pay, staffs are also eligible to take part in the incentive programs that reward group, individual or overall performance of the company.  The Coca Cola Company provides several benefits to their employees. A personal life and gratifying career depend on the continued personal safety as well as future financial safety. Due to this reason, the company offers various programs in order to cover retirement, finances, and health. Their plans are designed to be valued by workforce and are competitive in the marketplace as well as are within the means for both the employee and the company. The examples of the plans offered by the Coca Cola Company include vision, medical and dental coverage, disability protection, retirement programs, life insurance, and the saving plans (Hodgetts & Luthans, 1993). ...Download file to see next pagesRead More
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