Company Is WELLS FARGO
In 1852, Henry Wells and William Fargo founded Wells, Fargo & Co. to serve the West. The new company offered banking (buying gold and selling paper bank drafts as good as gold) and express (rapid delivery of the gold and anything else valuable ). Wells Fargo opened for business in the gold rush port of San Francisco, and soon Wells Fargo’s agents opened offices in the other new cities and mining camps of the West. In the boom and bust economy of the 1850s, Wells Fargo earned a reputation of trust by dealing rapidly and responsibly with people’s m oney. In the 1860s, it earned everlasting fame — and its corporate symbol — with the grand adventure of the overland stagecoach line. ( History of Wells Fargo. (n.d.). Retrieved April 15, 2018, from https://www.wellsfargo.com/about/corporate/history/ ) This company was chosen for my assignment paper, because this is the company where I am currently employed. This company has been through drastic changes in the past few years , in regards with the business, employees and more. Wells Fargo is a coming that has a strong belief in teamwork, giving back to the community and making sure that the Wells Fargo brand is branded very well. Human Resource Program, Policies, Procedure, Or Initiative Resea rching Wells Fargo Program, Policy and Procedures The policy that did stick out the most while researching is the Organization Human Resource policy based on Benefits. Based on information gathered from Wells Fargo and other companies that I have researche d Wells Fargo is one of many companies that offer benefits, but Wells Fargo benefits do not go into
Assignment 1: Selecting a Company effect as soon as employment start. Most Companies, such as Verizon, Hospitals, and some property management companies benefits start of the day of employme nt. According to the policies, and procedures, it states that the effective date of coverage under the Wells Fargo & Company International Plan will be communicated to you in the enrollment materials you receive when you become eligible for the plan. Gene rally, coverage becomes effective the first of the month after the effective date of the applicable international assignment agreement (if the effective date of the agreement is the first of the month, coverage is effective the first of that month) provide d that the due date and you have submitted the required enrollment paperwork have been in a benefits eligible position for one full calendar month. (Wells Fargo Benefit Hand Book) Hypothesize the changes that require improvement. Wells Fargo should consider changing this policy. If this policy changes it will benefit the company incredibly , Reason being is that if an employee coming in as a new hire and has a preexisting condition and has to have medication, treatment, or therapy monthly that will be an inconvenience for the employee because he/she will have to come out of pocket for that month of treatment, therapy, or medication.