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:
o Create a brief overview of the company requirements for a total rewards system.
o Formulate a total rewards strategy to encompass the fundamentals of compensation and the regulatory environments.
o Explain the advantages of the total rewards strategy you are proposing and how it might satisfy the employees' needs.
o Determine the key communication components of the total rewards system.
o Indicate your strategy for devising a competitive pay structure.
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o 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.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.