Hrm 533 Assmt 3 Template

Assignment 3 Name: (Your Name) For Dr. Larry Byrd HRM533 Date: (Today’s date) (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 company and its requirements/needs for a total rewards system. You should remember that this company is diverse and in multiple countries. ) Total Rewards StrategyIn order to meet these needs, the 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) 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 compe nsation 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 plan to be communicated. (see pages 64—71) 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 r ewards 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. 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. )