Formulate a total rewards strategy

Assignment Help Financial Management
Reference no: EM132161912

Question:

This research-based assignment focuses on the latest available information about creating, organizing, and managing a total rewards program. Envision a service-based (insurance, telemarketing, or other) profit organization that employs 20,000 employees in 17 different countries. There are 2,000 management-level individuals who speak a variety of languages. The company employs diverse individuals who are governed by multiple regulatory environments.

Write an eight page paper in which you:

Create a brief overview of the company requirements for a total rewards system.

Formulate a total rewards strategy to encompass the fundamentals of compensation and the regulatory environments.

Explain the advantages of the total rewards strategy you are proposing and how it might satisfy the employees' needs.

Determine the key communication components of the total rewards system.

Indicate your strategy for devising a competitive pay structure.

Use at least five (5) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Define total rewards and describe the advantages of a total rewards approach.

Analyze an organization's strategy, workforce, operating environment, and key stakeholders to identify critical factors in designing a total rewards strategy.

Evaluate the elements of a total rewards communication program.

Use technology and information resources to research issues in total rewards.

Write clearly and concisely about total

Verified Expert

In this task, we have discussed a total reward strategy method by which a business delivers financial, beneficial and development reward to workers for business goals and objective as it also enables personal growth opportunities. For this company requires an overview of compensation, benefits, work-life effectiveness, recognition and employee talent development. Mainly compensation focus on a major amount of incentive to the team on the basis of work done, affiliation mainly undertake the commitment of the firm. The main advantage of reward system is that it will increase the motivation level among staff and most important it will increase loyalty for the firm.

Reference no: EM132161912

Questions Cloud

Are their competitors using similar media strategy : Are their competitors using similar media strategy? Are their competitor’s recent advertising campaigns similar or distinct when compared to your selected brand
Higher risk of material misstatement : Which, by itself, would be inconsistent with a higher risk of material misstatement?
Prepare report on the motivational problems : Survey current business journals, and prepare a report on the motivational problems and approaches discussed in these journals.
Choose between three arq protocols : Suppose you were to choose between three ARQ protocols: stop-and-wait, go-back-N and selective repeat ARQ.
Formulate a total rewards strategy : Analyze an organization's strategy, workforce, operating environment, and key stakeholders to identify critical factors in designing a total rewards strategy
Provide two potential lines of business : Using the class scenario, provide two potential Lines of Business (LoB).
What is the etiology of cystic fibrosis : A five-month-old Caucasian female is brought into the clinic as the parent indicates that she has been having ongoing foul-smelling, greasy diarrhea.
Variables and formal parameters with each method invocation : What run time structure holds the local variables and formal parameters with each method invocation?
Increasing the levels of automation in systems : Increasing the levels of automation in systems presents several challenges, explain strengths and limitations involved. Prepare a conceptual design paper,

Reviews

Write a Review

Financial Management Questions & Answers

  What was the firm degree of accounting operating leverage

what was the firm's degree of accounting operating leverage?

  Find the accumulated value of this annuity at the end

Find the accumulated value of this annuity at the end of fifty years if the annual effective rate of interest remains 4.7% throughout the time of the annuity.

  Determines the optimal mix of liabilities

Describe how an ADI determines the optimal mix of liabilities,

  Conflict for the results produced by irr and npv methods

Explain when do we may have a conflict for the results produced by IRR and NPV methods.

  What is the book value per share and earnings per share

Val's Volleyball Supply's market-to-book ratio is currently 3.36 times and PE ratio is 5.56 times. If Val's Volleyball Supply's common stock is currently selling at $10.05 per share, what is the book value per share and earnings per share?

  Estimated life of leased property

Calculate the lease period as a percentage to the estimated life of the leased property.

  Projects level of risk differs from that of the overall firm

For a multi-product firm, if a project's level of risk differs from that of the overall firm, then the:

  What will be the price of the four-year bond

What will be the price of the 4-year bond if its yield decreases to 5.70%? What will be the price of the 30-year bond if its yield increases to 7.70%?

  Type of hedge could be used to deal with this cost change

Your financial firm needs to borrow $200 million by selling time deposits with 270 day maturities. If interest rates on comparable deposits are currently at 2.5%, what is the cost of issuing these deposits? Suppose interest rates decline to 2%. What ..

  What is the fair price for the preferred shares

Wernam Hogg Class A preferred shares have a par value of $100 and offer an annual dividend at 0.8% of par value.- If investors require a return of 2.25%, then what is the fair price for the preferred shares today?

  Calculate the time required to repay the loan

Calculate the time required to repay the loan, in years and months (at the new interest rate) if the loan instalment remains unaltered ($4,510.11). (g) In part (f), what will be the amount of the final monthly repayment?

  How much should you be prepared to pay for purchasing

You believe that next year Dong Lumination Company will pay dividend of $2 on its common stock. how much should you be prepared to pay for purchasing 100 shares

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd