Homework
Length: 10 to 12 slides.
Introduction
The goals for an effective total rewards programs are often the same for a global organization. These include enhancing employee motivation, productivity, and engagement.
Your manager, Megan, officially now your mentor, has arranged for you to present your comprehensive reward plan to CapraTek upper management. Successful completion of this homework will put you on the promotional fast track.
Instructions
Integrate your job analysis and classification, pay structures, and benefits proposals into a comprehensive compensation structure and prepare a PowerPoint presentation of a comprehensive reward plan for CapraTek upper management. Refer to the resources for guidance on how to use the presentation software.
Structure your 10 to 12 slide presentation by the sections below:
Overall Strategy and Goals
1. Evaluate compensation and benefits components in your plan.
• Articulate the overall strategy.
• Identify legally required benefits in your plan.
• Identify discretionary benefits.
• Argue whether this is a good return on investment.
Tactical Steps
o Outline specific tactical steps.
Pay Structures
1. Create a visual representation of strategic pay structures. This could be a table, chart, or diagram.
2. Create a visual representation of a strategic benefits structure and propose a timeline for implementation.
3. Justify the alignment of external and internal pay structures.
• A strategic pay structure.
• A strategic benefits structure.
Conclusion
1. Evaluate the effect of rewards plans on workforce behavior of employees and executives.
2. Cite evidence that the plan is internally consistent and externally competitive.
ePortfolio
You should consider adding this assessment to your personal ePortfolio. This assessment demonstrates your ability to share a design for a compensation system that is consistent internally and externally competitive. This skill is necessary in a professional setting when you are trying to make strategic recommendations. You will want to organize your assessments to easily support future reflection and completion of your HRM capstone project as well as for showcasing your knowledge with employers after graduation. For more information on ePortfolio, visit the Campus ePortfolio page.
Homework Requirements
The deliverable for this homework applies professional skills in HRM to workplace situations that you will likely encounter in your day-to-day work in HRM. As part of your learning, focus on the development of effective professional communication skills for the workplace.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.