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Question: Total Rewards
This week, you have learned how organizations' strategic compensation and benefits plans have evolved into total reward programs. Using the information discussed in the lecture and readings, please answer the following:
1. Research a company that has implemented a total rewards program. Please explain the key components of this total rewards program and what this program offers to the employees of the company. Further, illustrate the key benefits that an organization can obtain through the use of a top tier total rewards program for its employees.
2. Many individuals feel that compensation is a key component in removing many workplace challenges/issues. To this point, explain why compensation is not the end all solution for an employment situation. In your response, explain some of the challenges that compensation brings to the workplace.
3. Evaluate the way your organization utilizes total rewards programs and include one suggestion for improvement.
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