Total Rewards System Proposal

Instructions

information about creating, organizing, and managing a total rewards program. Envision a service-based (insurance, telemarketing, or other) profit organization that employs 20,000 employees in 17 different countries. There are 2,000 management-level individuals who speak a variety of languages. The company employs diverse individuals who are governed by multiple regulatory environments.Write an eight to ten 6 page paper in which you:Create a brief overview of the company requirements for a total rewards system.Formulate a total rewards strategy to encompass the fundamentals of compensation and the regulatory environments.Explain the advantages of the total rewards strategy you are proposing and how it might satisfy the employees needs.Determine the key communication components of the total rewards system.Indicate your strategy for devising a competitive pay structure.Use at least five (5) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.Your assignment must follow these formatting

Answer

Total Rewards System ProposalA total reward system is vital for improving the working environment in an organization, especially one that operates in the service-based industries. It encompasses the efforts that employers undertake in their recruitment processes. The system also entails strategies dedicated to motivating the workforce, as well as employee retention. Generally, a total reward system is expected to contain the elements of benefits as well as professional development and employee recognition. Furthermore, the employer should consider the aspects of professional development and compensation. In this paper, the focus will be on the component of compensation and regulatory compliance. Overview of the companyThe company selected for this paper is IBM, an international service-bas...
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