• Assume you are the HR Director of Patagonia (Clothing company ) and that you have been tasked with developing a proposal for a Total Rewards Plan that will recruit and retain talent and maximize employee and organizational output. Answer these questions.
  • An opening slide (or two) that explains the purpose of the presentation and provides an executive summary of key points.
  • An overview of the organization, as well as its mission, vision, values, and strategic priorities.
  • A summary of key competitive advantages possessed by the organization and the importance of using Total Rewards to advance these advantages.
  • A proposal that addresses all of the following types of rewards: Compensation, Benefits, Work-Life Balance, Performance Recognition, Growth and Development
  • Explain the primary focus of each reward; recruiting, retention, or both.
  • Explanation how you will administer each type of reward (i.e. new hire bonus spread out over two years, development opportunities by nomination of high performers, etc).
  • Description of how each reward aligns with the organization's strategy, mission, vision, goals, etc.
  • Explanation of how rewards support the organization's competitive advantages.
  • Explanation of performance measure(s) each reward is expected to impact (i.e. quality of new hire, reduced turnover, higher production, budget, etc.).
  • Proposed monitoring schedule for measures identified.

• Proposed timeline for implementing the Total Rewards Package.

Answer rating: 100% (QA)

Slide 1 Purpose and Executive Summary Purpose To present a comprehensive Total Rewards Plan designed to attractretainand engage top talentultimately maximizing employee and organizational output Execu... View the full answer