Compare and contrast total rewards programs to more traditional approaches to compensation and benefits.

Compare and contrast total rewards programs to more traditional approaches to compensation and benefits.  Discuss the relative advantages and disadvantages of implementing a total rewards program for an organization and its employees. Also to consider in the administration of total rewards programs are major compensation laws.  Choose one of the following laws and discuss its coverage and how it affects the administration of a total rewards program:  the Employee Retirement Income Security Act, the Health Insurance Portability and Accountability Act or the Consolidated Omnibus Budget Reconciliation Act.