Branded products Essay
The motivational techniques used at Walgreen can be discussed in the light of the above background. Walgreen uses a number of techniques to motivate its employees. These include attractive incentives, the social context, positive punishers, positive reinforcers, negative reinforcers, aversive incentives, as well as negative punishers. Some of the attractive incentives used at Walgreen include a competitive base pay.
Additionally, the company’s employees also get to enjoy a wide raft of benefits which are considered to be the most generous in the industry. These include: profit sharing plans, stock purchase plans, and store discounts (Walgreen, 2010a). Part time employees at Walgreen qualify for a number of benefits. According to Walgreen’s website, all the members of the organization, including their immediate family members, qualify to earn a 15% discount when they buy from any Walgreens outlet. They also get to enjoy a 20% discount on W branded products.
Additionally, the company has a plan dubbed the Flexible Spending Account, where the members of the organization and their dependents can be bale to settle certain expenses such as medical expenses using pre-tax dollars, thus enabling them to enjoy substantial tax saving (Walgreen Co, 2010a). The employees also enjoy other benefits including the Walgreen Profit-Sharing
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The plan allows them to acquire the firm’s common shares at a 10% discount and also without paying any broker fees. Thanks to the employee purchase program, Walgreen employees are in a position to buy goods from any store at a special price. The part time employees at Walgreens also get to enjoy personal leave as well as vacations. Through the career connections program, the employees have the opportunity to advance to corporate level positions within the firm (Walgreen Co, 2010a). Full time employees of the firm get to enjoy many more benefits.
In addition to the above, these enjoy a wide raft of benefits including life insurance, fully paid for them by Walgreens. Full time employees of the company also enjoy an accident insurance cover, disability leave that is fully paid for by the company, funeral leave, and fully paid holidays, sick time off. When the employee takes time off to serve as a member of the jury, she also earns jury duty pay (Walgreen Co, 2010a). Yet another benefit which the full time employees of the organization get to enjoy is the prescription coverage.
Under this plan, Walgreen employees and their dependants enroll under the firm’s medical plan, whose cost is subsidized by the firm so that the employees get to pay only a minimal amount whenever they need to buy prescription drugs. There is also the medical and dental coverage plan, which covers both the employees and their immediate family. Two such plans exist, including the Walgreens Health Plan PPO and the Walgreens Consumer Driven Health Plan (Walgreen Co, 2010a).