Compensation and Benefits Strategy

Compensation and Benefits Strategy
Choose your organization or one you know well to use for this assignment. You may use the same organization you used Week 1.
Develop 1,225-word compensation and benefits strategy for the organization.
Discuss current trends shaping total rewards for employees in a business industry synonymous with your organization.
Evaluate current compensation plans for that industry.
Summarize your data in narrative and table format showing diverse levels of responsibility and compensation.
Evaluate the market data, job data, and organizational data.
Devise a total rewards strategy with recommendations for your organization.
Include in table format a list of the compensation components for your plan.
Develop a one-page survey you would use as a resource to collect information from employees about the rewards they desire in a reward package for employees. On your survey, include questions about financial rewards and non-financial rewards. Attach the survey as an Appendix. Do not administer the survey.
Include an analysis of legislation that may impact decisions made about compensation and benefits.
Format your assignment consistent with APA guidelines.
Attachments:

University of Phoenix Material

Supplemental Resources

Week 1

Individual Assignment: Employment Law Report

• Society for Human Resource Management
• Bureau of Labor Statistics
• US Department of Labor Major Laws
• US EEOC: Federal Sector

Week 2

Individual Assignment: Change Management Impact

• Society for Human Resource Management
• Bureau of Labor Statistics
• SkillsCFA

Week 3

Learning Team Assignment: Salary Inequities Case Study

• Society for Human Resource Management
• Bureau of Labor Statistics

Individual Assignment:

• Society for Human Resource Management
• Bureau of Labor Statistics
Week 4

Individual Assignment: Training and Development Strategy

• Society for Human Resource Management
• HR-Survey, or other free survey sites

Week 5

Learning Team Assignment: Manager Interview

• Society for Human Resource Management

Individual Assignment: Full Performance Strategy Analysis

• Society for Human Resource Management

Week 6

Individual Signature Assignment: HR Consultant Proposal

• Society for Human Resource Management
Compensation and Benefits Strategy Grading Guide

HRM/531 Version 11
Human Capital Management

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Individual Assignment: Compensation and Benefits Strategy

Purpose of Assignment

The purpose of this assignment is to give learners experience developing a total rewards program. Students will assess the needs of an organization and discuss current trends. Students will present a total rewards strategy with recommendations for an organization. It is important to students to understand the decision points for compensation and benefits.
Resources Required
Dressler 15th edition (Ch. 11); shrm.org; www.hr-survey.com; bls.org; www.bls.gov; human resources department for the organization you chose.

Grading Guide

Content Met Partially Met Not Met Comments:
Discuss current trends shaping total rewards for employees in a business industry synonymous with the organization chosen for the assignment.
Evaluate current compensation plans for that business industry.
Summarize your data in narrative and table format showing diverse levels of responsibility and compensation.
Devise a Total Rewards Strategy with recommendations for the organization.
Include in table format a list of compensation components for your plan.
Include an analysis of legislation that may impact decisions made about compensation and benefits.
Include a one page survey that you would use as a resource to collect information from employees about the rewards they desire in a reward package.
The paper is 1,225 words in length.
Total Available Total Earned
8 #/8
Writing Guidelines Met Partially Met Not Met Comments:
The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements.
Intellectual property is recognized with in-text citations and a reference page.
Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.
Sentences are complete, clear, and concise.
Rules of grammar and usage are followed including spelling and punctuation.
Total Available Total Earned
2 #/2
Assignment Total # 10 #/10
Additional comments:

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