Reference no: EM131594181

Assignment: Compensation and Benefits Strategy

Purpose of Assignment

The purpose of this assignment is to give learners experience developing a total rewards program. Please refer to the resources below to assist with the assignment.

Assignment Steps

Resources: Human Resource Management: Ch. 11; HR-Survey; human resources department for the organization you chose; Supplemental Resources.

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.