HRM 531 Week 3 Compensation and Benefits Strategy

HRM 531 Week 3 Compensation and Benefits Strategy

HRM 531 Week 3 Compensation and Benefits Strategy

Assignment Steps 

Resources: Human Resource Management: Ch. 11; HR-Survey; human resources department for the organization you chose; Supplemental Resources. 

Choose your organization or one you know well to use for this assignment.  You may use the same organization you used Week 1.

Develop 1,225-word compensation and benefits strategy for the organization.

  • Discuss current trends shaping total rewards for employees in a business industry synonymous with your organization.
  • Evaluate current compensation plans for that industry.
  • Summarize your data in narrative and table format showing diverse levels of responsibility and compensation.
  • Evaluate the market data, job data, and organizational data.
  • Devise a total rewards strategy with recommendations for your organization.
  • Include in table format a list of the compensation components for your plan.
  • Develop a one-page survey you would use as a resource to collect information from employees about the rewards they desire in a reward package for employees. On your survey, include questions about financial rewards and non-financial rewards. Attach the survey as an Appendix. Do not administer the survey.
  • Include an analysis of legislation that may impact decisions made about compensation and benefits.

Format your assignment consistent with APA guidelines. 

Click the Assignment Files tab to submit your assignment.

HRM 531 Week 3 Compensation and Benefits Strategy

HRM 531 Week 3 Compensation and Benefits Strategy