Based on your review, please respond to the following:
As important as compensation is to employees so is how compensation is communicated by the organization. As Chief HR Officer for the company what key ideas would you implement in the company to ensure communication of the compensation plan is effective? Be specific.
NOTE: You may not use more than 2 references for your response, and you must comment to a minimum of 1 other student’s response.
Discussion 2:
HR Knowledge 7: Employee Benefits
Based on your review, please respond to the following:
The video shares a discussion specifically on 9 benefits related to voluntary employee benefits. Review the VEB’s and if you could only have 4 of them, which 4 would you select? Be sure to explain why you made those choices.
NOTE: You may not use more than 2 references for your response, and you must comment to a minimum of 1 other student’s response.
Discussion 3:
HR Knowledge 8: Multi-Topic HR
Select and READ one of the following case studies (located in your textbook):
CASE 14-2 YOU ARE NOT HURT? GOOD—YOU’RE FIRED!
CASE 15-1 CEO COMPENSATION: DO THEY DESERVE ROCK STAR PAY?
Next, analyze the case and provide an overview of key points or discussions. An overview is not a detailed description or regurgitated statements from the case, but instead key points in the case. Then, make 2 recommendations for improvements for any parts of the case (think like an HR leader). Saying that someone should have did this, or what you would have done are not considered improvements.
NOTES:
One to three small sentence-responses for analyzing the cases are not considered substantive.
You may only have no more than two references for your response and each must be appropriately cited in the words.
You may not copy and paste any part of another student’s response as part of your response.
For this course, you must comment to a minimum of 2 other students’ responses…No Exceptions!
Although not mandatory, you are strongly encouraged to make your initial post by Wednesday of each week so that you have plenty of time to respond to your classmates.
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.
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.
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