Assignment 3
Name: Anna Stephen
For Dr. Larry Byrd
HRM533
Date: 11 August, 2014
(Title)
Organization Overview
This paper will discuss the total
rewards program for (Name of the Company, real or otherwise). This company is (Complete this paragraph
briefly describing the multinational company and its requirements/needs for a
total rewards system. You should
remember that this company is diverse and in multiple countries.)
Total Rewards Strategy
In order to meet the HR needs of this company, HR must accomplish the
elements discussed in the succeeding paragraphs that address the fundamentals
of this type of total rewards system while complying with the regulatory
environments. (See pages 24—27 for
strategy development. Check the index in
the back of the book for Compensation regulatory programs to get an idea
of the regulatory environments. A
strategy is a roadmap, so in the following paragraphs layout the steps that HR
should take to meet these requirements.)
The first element is (Complete the paragraph stating the first thing HR
needs to do.)
The second element is (Complete the paragraph stating the next thing HR
needs to do.)
(Continue writing paragraphs with this beginning until you have fully
explained the elements that must be accomplished by the compensation system.)
System Advantages
There are several advantages to this total
rewards system as described above, and they are discussed in the succeeding
paragraphs.
The first advantage is (Complete the paragraph stating the advantage and
how it meets the employees’ needs.)
The second advantage is (Complete the paragraph stating the advantage
and how it meets the employees’ needs.)
(Continue writing paragraphs with this beginning until you have exhausted
the advantages.)
Communicating the Plan
For a total rewards system to be
successful, it must be clearly and widely communicated. The succeeding paragraphs describe the
richness of the communications plan that must reach such diverse people and geography. (See pages 64—71; you should find 5
components.)
The first component of the plan
is (Complete the paragraph.)
The second component of the plan is (Complete the paragraph.)
(Continue writing paragraphs with this beginning until you have
exhausted the components of the plan.)
Ensuring the Plan is Competitive
Additionally, for a total rewards plan to be successful, external equity
must be ensured. The succeeding
paragraphs describe the steps that (Company name) will take to ensure the
competitiveness of the plan for the multinational company. (see chapters 8 and 9)
The first step is (Complete this paragraph describing the first step the
company needs to take to ensure competitiveness.)
The second step is (Complete this paragraph describing the first step
the company needs to take to ensure competitiveness.)
(Continue writing paragraphs with this beginning until you have
exhausted the steps for ensuring the competitiveness of the plan.)
(Do not forget your references. For detailed APA instructions, see the
Additional Resources at the bottom of the Student Center.)
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