Assignment: Total Rewards System Proposal
This research-based assignment focuses on the latest available information about creating, organizing, and managing a total rewards program. As the HR leader for your organization or a fictitious profit organization that employs 10,000 employees, your task is to create the organization's total reward system. You will also brief the CEO on your strategy.
Write an eight to ten page paper in which you:
1. Create a brief overview of the company requirements for a total rewards system. NOTE: You have flexibility in creating your overview of the requirements but the response must be relevant.
2. Formulate a total rewards strategy to encompass the fundamentals of compensation and the regulatory environments. NOTE: This is just your strategy for compensation (not the entire total rewards package) and the appropriate compliance concerns.
3. Explain the advantages of the total rewards strategy you are proposing (this time, the entire total rewards package) and how it might satisfy the employees' needs.
4. Determine the key communication components (basic framework) of the total rewards system.
Format your assignment 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 assignment, 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.