Homework: New Compensation System
For this homework, you will be acting as the human resources director on an internal team that includes the owner and the benefits analyst. A healthcare services organization with 46 employees has tasked the team with designing a new compensation system for them. The services include a pharmacy, various healthcare equipment for sale or rent, and chronic care management.
Based on your module readings and any additional research, create a PowerPoint presentation addressing the following from the perspective of the human resources director:
A. What role do nonmonetary rewards play in a compensation package?
B. How might the team create a compensation system to support the organization's strategy?
C. What other stakeholders should be on this team and what role should they have in designing this compensation package?
D. Include at least three national laws or regulations that must be considered in the development of the new compensation system.
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.