The purpose of this assignment is to create a total rewards plan for a fictitious organization. The organization can mimic something that already exists or an ideal organization you create. Develop a total rewards plan for your fictitious organization using and citing the concepts and principles learned from the readings and materials in this course. Then create a narrated presentation with 18-20 slides using a presentation software of your choice (e.g. PowerPoint or Google Slides) that communicates the total rewards plan that you have created.
Use the following guidelines to develop your plan and presentation:
a) Introduction (1-2 slides)
Introduce the organization and aim of the presentation
b) Compensation (2-4 slides)
state your organization’s overall strategy for developing and retaining human capital
state how the strategy plays a role in organizational planning
create a pay model to support the strategy and support employee retention
state how the pay model plays a role in organizational planning,
c) Benefits (2-4 slides)
state your organization’s pay for performance and employee benefits as part of the compensation mix.
state how the group-designed benefits system plays a role in organizational planning.
d) Recognition and rewards systems that are motivational for all employees with the organization (2-4 slides)
define your organization’s competitive strategy including a job analysis, description of job structures, and performance measures.
state how the recognition and reward system connect to motivational theory, and
state how the recognition and reward system plays a role in organizational planning.
e) Discussion of the legal and ethical issues impacting the plan (1 slide),
f) Explanation of how the plan will be managed (1-2 slides)
g) Conclusion (1 slide)
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