Design a total rewards program that incorporates monetary, non-monetary, and environmental elements in order to ensure organizational
Question:
Design a total rewards program that incorporates monetary, non-monetary, and environmental elements in order to ensure organizational success.
Be sure to use topic headings and include the following:
1. Give the Introduction and Purpose for the Paper
2. Summarize and describe the organization, including its capabilities, key goals, objectives, challenges, values, and core competencies required for success.
3. Demonstrate your knowledge of the total rewards model by describing the current total rewards philosophy of the organization and its three categories of offerings.
4. Identify and describe the segmentation of the workforce (drawing up our study of how to differentiate employee groups depending on their drivers, such as flexible schedules, growth potential, desire for demonstrating individual expertise or team success, low obligation and easy income, or high obligation and high income).
5. Describe further the current requisite capabilities of the organization and the competencies (knowledge, skills, and abilities) of the employees and, in your opinion, an analysis of whether the current needs will change given the issues faced by the organization.
6. Recommend changes to the total rewards program, along with specific plans, including plans for communicating the changes and metrics that should be used by the organization to evaluate the success of the new program.
7. Present the justification for your recommendations.
8. Assess and discuss the risks of not implementing the program and the opportunities the program will give the organization.
9. Provide your metrics for evaluating the total rewards program and share why you chose the ones you did.
10. Describe your conclusions and a summary of knowledge gained about total rewards through the activity.
Management
ISBN: 978-0132553285
3rd edition
Authors: Michael A. Hitt, Stewart Black, Lyman W. Porter