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Discuss how the new total rewards plan will be monitored

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Question: Design an original total rewards strategy (Figure 1.3, Chapter 1, "The Power of Total Rewards" in the textbook) for LMZ Company. Identify the first steps that the consultant needs to take to develop a total rewards program for the LMZ Company. Outline how compensation, well-being, benefits, development, and recognition will be implemented. Identify at least three concerns or problems that could impact the Total Rewards Strategy. Identify at least three advantages of a total rewards approach and provide an example of how the identified advantage can be beneficial for both the organization and the employee. Discuss how the new Total Rewards Plan will be monitored and reviewed for potential changes and identify the personnel involved in this process.

Reference no: EM133604062

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