COMPENSATION AND BENEFITS STRATEGY

Compensation and Benefits Strategy, 

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  • POINTS 10

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Objectives:

• 3.1
• 3.3
• 3.4

• Instructions
• Assignment Files
• Grading

Purpose of Assignment

The purpose of this assignment is to give learners experience developing a total rewards program. Please refer to the resources below to assist with the assignment.

Assignment Steps

Resources: Human Resource Management: Ch. 11; HR-Survey; human resources department for the organization you chose; Supplemental Resources.

Choose your organization or one you know well to use for this assignment.  You may use the same organization you used Week 1.  

Develop 1,225-word compensation and benefits strategy for the organization.

• Discuss current trends shaping total rewards for employees in a business industry synonymous with your organization.
• Evaluate current compensation plans for that industry.
• Summarize your data in narrative and table format showing diverse levels of responsibility and compensation.
• Evaluate the market data, job data, and organizational data.
• Devise a total rewards strategy with recommendations for your organization.
• Include in table format a list of the compensation components for your plan.
• Develop a one-page survey you would use as a resource to collect information from employees about the rewards they desire in a reward package for employees. On your survey, include questions about financial rewards and non-financial rewards. Attach the survey as an Appendix. Do not administer the survey.
• Include an analysis of legislation that may impact decisions made about compensation and benefits. 

Format your assignment consistent with APA guidelines.