Total Rewards Plan Assignment
“Total reward strategies should be people-centric and focus on the rewards that are useful for your particular team. Not every policy will work in every workplace, as they should be tailored to the individuals and organizations that they exist to support” (Reilly, 2019). Throughout this course, readings and resources, you have been exploring the facets of compensation. One method of tailoring a Total Rewards strategy is to consider the theories of compensation and how those theories translate into motivating employee behavior. Designing a pay structure with pay-levels and the correct pay mix along with mandated and flexible benefit options requires the necessary data from a job analysis, market comparisons, and salary surveys.
In this Assignment, you will develop a presentation of the Total Rewards Plan you have been designing throughout this course. Your PowerPoint should be concise and to the point, just as it would be when presenting to a corporate CEO for consideration. It is important to justify your recommendations and be mindful of the budget considerations. While money isn’t everything, and not all decisions are based on cost, the benefits should be clear when options are costly.
Scenario: You are developing a presentation for the CEO of an organization. As you know, CEOs balance many projects and are consistently crunched for time. They often just want the salient facts.
To complete this assignment, create a narrated PowerPoint presentation. Included in this presentation are:
Title slide
Table of contents
1-page graphic of the Total Rewards model you created (must be your design and not copied from the internet)
One slide per main subject of your Total Rewards model.
On each page, you must list the details under that category and discuss them verbally (narration), explaining the details and/or justification for each.
Example: Answers might include why you selected that particular strategy, the benefits it brings to a company, financial implications of using that strategy or tool, and other topics pertinent to proving your model accurate. Justify your model as to why the CEO and organization should implement it.
Budgetary considerations
Example: What are three general budgetary considerations of adding discretionary elements to the Total Rewards program?
Last slide before your reference page should link Total Rewards to corporate social responsibility for the organization.
References
