Homework: Total Rewards System Proposal
This research-based homework focuses on the latest available information about creating, organizing, and managing a total rewards program. Envision a service-based (insurance, telemarketing, or other) profit organization that employs 20,000 employees in 17 different countries. There are 2,000 management-level individuals who speak a variety of languages. The company employs diverse individuals who are governed by multiple regulatory environments.
Write an 8 to 10 pages paper in which you:
1) Create a brief overview of the company requirements for a total rewards system.
2) Formulate a total rewards strategy to encompass the fundamentals of compensation and the regulatory environments.
3) Explain the advantages of the total rewards strategy you are proposing and how it might satisfy the employees' needs.
4) Determine the key communication components of the total rewards system.
5) Indicate your strategy for devising a competitive pay structure.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
1) Formulate a total rewards program for a large, multinational company, including communication components and a competitive pay structure.