Design a total compensation and rewards program for the employees.

Instructions

Review the following lectures:

• Strategic Compensation & Human Resource (HR)
• Salary Structure
• Compensation Systems
• Pay Structures
• Benefits and Laws

Project

The project assignment provides a forum for analyzing and evaluating relevant topics for this week on the basis of the course competencies covered.

Introduction:

In the previous unit, you researched and gathered data on Google to understand how it compensates the employees. In this unit, you will design a total compensation and rewards program to attract and retain new talent. This would include benefits, pay, incentives, monetary and nonmonetary rewards, and other options to outperform Google.

Tasks:

• Design a total compensation and rewards program for the employees.
• Create a compensation pie chart.
• Implement a plan to manage the new compensation structure, with timelines.
• Assess the use of compensation benchmarking to maintain the competitive advantage.
• Propose a method to determine the success of the compensation plan.

To support your work, use your course and text readings and also use the South University Online Library. As in all assignments, cite your sources in your work and provide references for the citations in APA format.

Submission Details:

• Create a 2-3 page Microsoft Word document.
• Name your file as SU_HRM5040_W2_Project_LastName_FirstName.