Reference no: EM132883710
QUESTION A. There are 5 key strategic considerations when designing a rewards program:
1. Is the reward system aligned with business strategy and goals?
2. Are total rewards competitive against markets?
3. What should be the right proportion of direct and indirect rewards?
4. Is your performance management aligned with the rewards system?
5. How motivating is your reward system?
Explain why each of the consideration is important.
QUESTION B.
If you could design your own total rewards program, what key components would you include?
What are the major benefits required by law in Canada?
QUESTION C.
List five (5) voluntary employee benefits that you believe would be most valued by you or employees in general in today's business climate. For each voluntary benefit, describe and explain why you believe they are important.
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Key strategic considerations when designing rewards program
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