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Employee Retention of L.L.Bean : L.L.Bean is a privately held mail-order, online and retail company based in Freeport, Maine, United States, specializing in clothing and outdoor recreation equipment. Its annual sales were USD 1.78 billion in 2006.

The company L.L.Bean was founded in 1912 by its namesake, avid hunter and fisherman Leon Leonwood Bean in Greenwood, Maine. Bean had developed a waterproof boot (a combination of lightweight leather uppers and rubber bottoms) that he sold to hunters. He obtained a list of nonresident Maine hunting license holders, prepared a descriptive mail order circular, set up a shop in his brother's basement in Freeport, Maine, and started a nationwide mail order business. By 1912, he was selling the "Bean Boot", or Maine Hunting Shoe, through a four-page mail-order catalog, and the boot remains a staple of the company's outdoor image. Defects in the initial design led to 90% of the original production run being returned: Bean made good on his money-back guarantee, corrected the design, and continued selling them. There is no money-back guarantee at L.L. Bean. It is a satisfaction guarantee that is limited by time. Leon L. Bean died on February 5, 1967, in Pompano Beach, Florida. He is buried in Freeport's Webster Cemetery.[2] The company passed into the directorship of Bean's grandson, Leon Gorman, from that time until 2001, when Gorman decided to take the position of Chairman, leaving the position of CEO to Christopher McCormick, the first non-family member to assume the title.

With a desire to be an employer of choice, Aflac Insurance is no stranger to the
competition for talent among employers in the United States. In fact, according
to the Bureau of Labor Statistics (BLS), the unemployment rate in the insurance
industry was at 3.3 percent in March 2008, a number consistently below the
national and state levels in other industries (Exhibits A and B). This makes finding
and retaining qualified individuals to deliver positive results to shareholders an
ongoing challenge.
Organizational outcomes related to human resources at Aflac reflect many of the
basic functions, including recruiting, retention, diversity and training. At Aflac,
the company strives to deliver quality service to its 4,500 employees while staying
competitive in the insurance market. Aflac prides itself on being ahead of the curve
from a consumer perspective and desires to mirror that philosophy in its treatment of
employees. How does the company made famous by the duck maintain the integrity
of its brand while delivering results through its people? How important are benefits
and compensation to the company’s ability to compete in a growing industry?
Casey Graves, vice president of human resources in charge of compensation and
benefits at Aflac, says that the needs of the company’s employees continue to be the
driving factor behind Aflac’s total rewards programs. As with most programs, it
begins with an employee needs assessment and continues to be measured through
outcomes, which have been directly influenced through the company’s enhanced
total rewards efforts. The consistent thread throughout this process, according to
Graves, is the quality of communication. Graves explains that Aflac’s total rewards
statements have evolved from a one-page document to an in-depth review of the true
value of the employment compensation and benefits.
Employee satisfaction surveys and focus groups conducted in 2007 with Aflac
employees and managers drove the needs identification process. A key focus of the
survey was to help recruit talent and improve retention in an industry with low
unemployment rates. Although survey results varied, Aflac’s response was consistent:
to give employees what they need from a benefits perspective while balancing the
cost, all within a rapid period of growth.

At L.L.Bean, one of our longest traditions is attracting quality people. We offer competitive compensation and a broad cafeteria-style benefit plan. Benefits include dependent reimbursement accounts, paid vacation and holidays, pension and 401K plans and tuition reimbursement.

We are also pleased to offer many additional benefits that make our workplace truly unique:

Employee Discount
We offer generous discounts of 33 1/3% to 40% on most regularly priced items, as well as a 25% discount on merchandise at our Factory Stores.

Employee Store
Our Employee Store contains thousands of items at a fraction of their original prices.

Discretionary Cash Bonus
When the company achieves superior profitability, it is shared with employees in the form of a cash bonus.

Team Days and Outdoor Experience Days
From hikes to paddling trips, we provide opportunities for employees to develop their outdoor interests, enjoy L.L.Bean products and build stronger relationships with coworkers.

Employee Use Room
Gear for camping, boating, fishing, winter sports and more is on hand for employees to enjoy.

Rangeley Camps
L.L.Bean maintains seven cottages on Rangeley Lake in Maine, which are made available to employees through lottery drawings for week-long or weekend stays.

Onsite Fitness Program
Company-wide incentive programs, 10 onsite fitness centers and reduced rates on health and fitness classes help every employee to meet their fitness goals.

Recognition
In addition to departmental recognitions, our Bean’s Best Awards – the organization’s highest honor given each year to a select group of top-performing employees – features a company-wide celebration, complete with parades, hoopla and duck calls.

Business Casual Dress
Employees enjoy a business casual dress policy– relaxed clothing that represents the Bean spirit while still being appropriate for a professional environment.

Benefits
Competitive compensation and a broad cafeteria-style benefit plan including health care and dependent care reimbursement accounts, paid vacation and holidays, pension and 401K plans, and tuition reimbursement
Employee Discount-generous discounts of 33 1/3% to 40% on most regularly priced items, as well as a 25% discount on merchandise at our Outlet stores
Onsite Fitness Program-with company-wide incentive programs, 10 onsite fitness centers, and reduced rates on health and fitness classes to help every employee meet his or her fitness goals
Employee Store—thousands of items at a fraction of their original prices
Employee Use Room—gear for camping, boating, fishing, winter sports, and more is on hand for employees to enjoy
Rangeley Camps—get away in Maine to one of the seven cottages we maintain on Rangeley Lake, available to employees through lottery drawings for week-long or weekend stays
Team Days and Outdoor Experience Days-from hikes to paddling trips, these great opportunities let employees develop outdoor interests, enjoy L.L.Bean products, and build stronger relationships with co-workers
 
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