Assignment: Compensation and Benefits Strategy,
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.