Assignment 3: Strategic Value of Employee Benefits Programs

 

Assignment 3: Strategic Value of Employee Benefits Programs 
Due Week 8 and worth 170 points 

To attract, motivate, and retain good workers, companies need to define what an employee wants from the employment relationship. One way to define employee needs is to consider “total rewards,” which are everything an employee perceives to be of value resulting from working for the company. Benefits are a core element of total rewards and the ever-growing package of offerings have evolved. You must now work with the company to define precisely where the various programs will be categorized. 

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Write a six to seven (6-7) page paper in which you: 

  • Identify and discuss at least three (3) important variables that almost always should be considered by organizations when providing employee benefits programs. Be sure the response is specific and relevant.  
  • Compare and contrast income protection programs and pay for time not worked programs, both of which are usual elements of benefits programs. How are the programs similar? Are they mandatory? 
  • Research and discuss at least four to five (4-5) of what may be referred as “Other Benefits” that you could recommend to the management team as necessary elements for the benefits package. HINT: Flextime and product/service discounts are good examples. 
  • Develop an employee benefits package for any exempt or non-exempt position level of your choosing, making sure you support the selection of your program elements. NOTE: The preferred method for presenting your benefits package information is using a table or exhibit, but either approach is not mandatory. HINT: http://www.isacs.org/uploads/file/Monographs/Business%20Operations/Benefits%20Plan  
    http://www.usbankhr.com/hr/docs/benefits/benefits-at-a-glance-next  

  • Format your assignment according to these formatting requirements: 

    Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions. 
    Include a cover page containing the title of the assignment (with running head), the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required page length. 
    Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length. Use the Strayer University Library at https://research.strayer.edu to locate additional sources to support your work. 

  • The specific course outcome associated with this assignment is:  

    • Establish the importance of compensation and benefits, and how they support business strategy. 

    2/23/2020 Rubric Detail – HRM599006VA016-1202-001

    https://blackboard.strayer.edu/webapps/rubric/do/course/gradeRubric?mode=grid&isPopup=true&rubricCount=1&prefix=_20929088_1&course_id… 1/3

    Unacceptable 0- 69% F Fair 70 – 79% C
    Proficient 80 –
    89% B

    Exemplary 90 –
    100% A

    HRM599-A3-1
    1. Identify and
    discuss at least
    three (3) important
    variables that
    almost always
    should be
    considered by
    organizations
    when providing
    employee benefits
    programs. Be sure
    the response is
    specific and
    relevant.

    0 (0.00%) –
    17.595 (10.35%)
    Did not submit or
    incompletely
    identified and
    discussed at
    least three (3)
    important
    variables that
    almost always
    should be
    considered by
    organizations
    when providing
    employee
    benefits
    programs and did
    not make sure
    the response is
    specific and
    relevant.

    17.85 (10.50%) –
    20.145 (11.85%)
    Partially
    identified and
    discussed at
    least three (3)
    important
    variables that
    almost always
    should be
    considered by
    organizations
    when providing
    employee
    benefits
    programs and
    partially made
    sure the
    response is
    specific and
    relevant.

    20.4 (12.00%) –
    22.695 (13.35%)
    Satisfactorily
    identified and
    discussed at
    least three (3)
    important
    variables that
    almost always
    should be
    considered by
    organizations
    when providing
    employee
    benefits
    programs and
    satisfactorily
    made sure the
    response is
    specific

    22.95 (13.50%) –
    25.5 (15.00%)
    Thoroughly
    identified and
    discussed at
    least three (3)
    important
    variables that
    almost always
    should be
    considered by
    organizations
    when providing
    employee
    benefits
    programs and
    thoroughly made
    sure the
    response is
    specific and
    relevant.

    HRM599-A3-2
    2. Compare and
    contrast income
    protection
    programs and pay
    for time not worked
    programs, both of
    which are usual
    elements of
    benefits programs.
    How are the
    programs similar?
    Are they
    mandatory?

    0 (0.00%) – 11.73
    (6.90%)

    Did not submit or
    incompletely
    compared and
    contrasted
    income
    protection
    programs and
    pay for time not
    worked programs
    and did not
    address
    programs’
    similarity and
    whether
    mandatory or
    not.

    11.9 (7.00%) –
    13.43 (7.90%)
    Partially
    compared and
    contrasted
    income
    protection
    programs and
    pay for time not
    worked programs
    and partially
    addressed
    programs’
    similarity and
    whether
    mandatory or
    not.

    13.6 (8.00%) –
    15.13 (8.90%)
    Satisfactorily
    compared and
    contrasted
    income
    protection
    programs and
    pay for time not
    worked programs
    and satisfactorily
    addressed
    programs’
    similarity and
    whether
    mandatory or
    not.

    15.3 (9.00%) – 17
    (10.00%)

    Thoroughly
    compared and
    contrasted
    income
    protection
    programs and
    pay for time not
    worked programs
    and thoroughly
    addressed
    programs’
    similarity and
    whether
    mandatory or
    not.

    Name: HRM599 Week 8 Assignment 3: Strategic Value of Employee Benefits Programs

    Description: HRM599 Week 8 Assignment 3: Strategic Value of Employee Benefits Programs
    ExitExit

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    2/23/2020 Rubric Detail – HRM599006VA016-1202-001

    https://blackboard.strayer.edu/webapps/rubric/do/course/gradeRubric?mode=grid&isPopup=true&rubricCount=1&prefix=_20929088_1&course_id… 2/3

    Unacceptable 0- 69% F Fair 70 – 79% C
    Proficient 80 –
    89% B
    Exemplary 90 –
    100% A

    HRM599-A3-3
    3. Research and
    discuss at least
    four to five (4-5) of
    what may be
    referred to as
    “Other Benefits”
    that you could
    recommend to the
    management team
    as necessary
    elements for the
    benefits package.
    HINT: Flextime and
    product/service
    discounts are good
    examples.

    0 (0.00%) – 23.46
    (13.80%)

    Did not submit or
    incompletely
    researched and
    discussed at
    least four to five
    (4-5) of what may
    be referred to as
    “Other Benefits”
    that could be
    recommended to
    the management
    team as
    necessary
    elements for the
    benefits
    package.

    23.8 (14.00%) –
    26.86 (15.80%)
    Partially
    incompletely
    researched and
    discussed at
    least four to five
    (4-5) of what may
    be referred to as
    “Other Benefits”
    that could be
    recommended to
    the management
    team as
    necessary
    elements for the
    benefits
    package.

    27.2 (16.00%) –
    30.26 (17.80%)
    Satisfactorily
    incompletely
    researched and
    discussed at
    least four to five
    (4-5) of what may
    be referred to as
    “Other Benefits”
    that could be
    recommended to
    the management
    team as
    necessary
    elements for the
    benefits
    package.

    30.6 (18.00%) –
    34 (20.00%)
    Thoroughly
    incompletely
    researched and
    discussed at
    least four to five
    (4-5) of what may
    be referred to as
    “Other Benefits”
    that could be
    recommended to
    the management
    team as
    necessary
    elements for the
    benefits
    package.

    HRM599-A3-4
    4. Develop an
    employee benefits
    package for any
    exempt or non-
    exempt position
    level of your
    choosing making
    sure you support
    the selection of
    your program
    elements.

    0 (0.00%) – 35.19
    (20.70%)

    Did not submit or
    incompletely
    developed an
    employee
    benefits package
    for any exempt or
    non-exempt
    position level of
    your choosing,
    and did not make
    sure the
    selection of
    program
    elements was
    supported.

    35.7 (21.00%) –
    40.29 (23.70%)
    Partially
    developed an
    employee
    benefits package
    for any exempt or
    non-exempt
    position level of
    your choosing,
    and partially
    made sure the
    selection of
    program
    elements was
    supported.

    40.8 (24.00%) –
    45.39 (26.70%)
    Satisfactorily
    developed an
    employee
    benefits package
    for any exempt or
    non-exempt
    position level of
    your choosing,
    and satisfactorily
    made sure the
    selection of
    program
    elements was
    supported.

    45.9 (27.00%) –
    51 (30.00%)
    Thoroughly
    developed an
    employee
    benefits package
    for any exempt or
    non-exempt
    position level of
    your choosing,
    and thoroughly
    made sure the
    selection of
    program
    elements was
    supported.

    HRM599-A3-5
    5. 4 references

    0 (0.00%) – 5.865
    (3.45%)

    No references
    provided.

    5.95 (3.50%) –
    6.715 (3.95%)
    Does not meet
    the required
    number of
    references; some
    or all references
    poor quality
    choices.

    6.8 (4.00%) –
    7.565 (4.45%)
    Meets number of
    required
    references; all
    references high
    quality choices.

    7.65 (4.50%) – 8.5
    (5.00%)

    Exceeds number
    of required
    references; all
    references high
    quality choices.

    HRM599-A3-6
    6. Writing
    Mechanics,
    Grammar, and
    Formatting

    0 (0.00%) – 5.865
    (3.45%)

    Serious and
    persistent errors
    in grammar,
    spelling,
    punctuation, or
    formatting.

    5.95 (3.50%) –
    6.715 (3.95%)
    Partially free of
    errors in
    grammar,
    spelling,
    punctuation, or
    formatting.

    6.8 (4.00%) –
    7.565 (4.45%)
    Mostly free of
    errors in
    grammar,
    spelling,
    punctuation, or
    formatting.

    7.65 (4.50%) – 8.5
    (5.00%)

    Error free or
    almost error free
    grammar,
    spelling,
    punctuation, or
    formatting.

    2/23/2020 Rubric Detail – HRM599006VA016-1202-001

    https://blackboard.strayer.edu/webapps/rubric/do/course/gradeRubric?mode=grid&isPopup=true&rubricCount=1&prefix=_20929088_1&course_id… 3/3

    Unacceptable 0- 69% F Fair 70 – 79% C
    Proficient 80 –
    89% B
    Exemplary 90 –
    100% A

    HRM599-A3-7
    7. Appropriate Use
    of APA In-Text
    Citations and
    Reference

    0 (0.00%) – 5.865
    (3.45%)

    Lack of in-text
    citations and / or
    lack of reference
    section.

    5.95 (3.50%) –
    6.715 (3.95%)
    In-text citations
    and references
    are provided, but
    they are only
    partially
    formatted
    correctly in APA
    style.

    6.8 (4.00%) –
    7.565 (4.45%)
    Most in-text
    citations and
    references are
    provided, and
    they are
    generally
    formatted
    correctly in APA
    style.

    7.65 (4.50%) – 8.5
    (5.00%)

    In-text citations
    and references
    are error free or
    almost error free
    and consistently
    formatted
    correctly in APA
    style.

    HRM599-A3-8
    8. Information
    Literacy/Integration
    of Sources

    0 (0.00%) – 5.865
    (3.45%)

    Serious errors in
    the integration of
    sources, such as
    intentional or
    accidental
    plagiarism, or
    failure to use in-
    text citations.

    5.95 (3.50%) –
    6.715 (3.95%)
    Sources are
    partially
    integrated using
    effective
    techniques of
    quoting,
    paraphrasing,
    and
    summarizing.

    6.8 (4.00%) –
    7.565 (4.45%)
    Sources are
    mostly integrated
    using effective
    techniques of
    quoting,
    paraphrasing,
    and
    summarizing.

    7.65 (4.50%) – 8.5
    (5.00%)

    Sources are
    consistently
    integrated using
    effective
    techniques of
    quoting,
    paraphrasing,
    and
    summarizing.

    HRM599-A3-9
    9. Clarity and
    Coherence of
    Writing

    0 (0.00%) – 5.865
    (3.45%)

    Information is
    confusing to the
    reader and fails
    to include
    reasons and
    evidence that
    logically support
    ideas.

    5.95 (3.50%) –
    6.715 (3.95%)
    Information is
    partially clear
    with minimal
    reasons and
    evidence that
    logically support
    ideas.

    6.8 (4.00%) –
    7.565 (4.45%)
    Information is
    mostly clear and
    generally
    supported with
    reasons and
    evidence that
    logically support
    ideas.

    7.65 (4.50%) – 8.5
    (5.00%)

    Information is
    provided in a
    clear, coherent,
    and consistent
    manner with
    reasons and
    evidence that
    logically support
    ideas.

    Name:HRM599 Week 8 Assignment 3: Strategic Value of Employee Benefits Programs

    Description:HRM599 Week 8 Assignment 3: Strategic Value of Employee Benefits Programs
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