Assignment:
This research-based assignment 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 page 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.
6 Use at least five (5) quality academic resources in this assignment.
Your assignment must follow these formatting requirements:
1 Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
2 Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date.
3 The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
1 Define total rewards and describe the advantages of a total rewards approach.
2 Analyze an organization's strategy, workforce, operating environment, and key stakeholders to identify critical factors in designing a total rewards strategy.
3 Evaluate the elements of a total rewards communication program.
4 Use technology and information resources to research issues in total rewards.
5 Write clearly and concisely about total rewards using proper writing mechanics.