Comprehensive Reward Plan
Prepare a 10-12 slide PowerPoint Presentation for CapraTek upper management. It should integrate your job analysis and classification, pay structures, and benefits proposals into a comprehensive compensation structure for a comprehensive reward plan.
Introduction
Human resource specialists routinely develop presentations for various groups in an organization. It is crucial to create a presentation that resonates with the identified audience. In other words, effective communication means using language and terms that the audience understands and providing visuals that convey meaning at a glance. The challenge in this assessment is to use a PowerPoint presentation to explain a total rewards strategy for CapraTek. Focus on how to communicate an effective strategic approach to management.
Preparation
The goals for an effective total rewards programs are often the same for a global organization. These include enhancing employee motivation, productivity, and engagement.
Your manager, now officially your mentor, has arranged for you to give a PowerPoint presentation of your comprehensive reward plan to CapraTek upper management. Successful completion of this assignment will put you on the promotional fast track.
CapraTek
CapraTek is a virtual technology company. The assessment is based on the CapraTek scenarios.
- CapraTek Key Issues and Analysis.
- This simulation walks you through how to identify key issues that will affect a strategic compensation plan and how to analyze the basic organizational information necessary to make decisions and recommendations about a strategic compensation plan.
- CapraTek: Job Structures and Compensation.
- Examine the strategic and tactical decisions that need to be considered as well as the various contextual influences.
- CapraTek: Strategic Pay Structures.
- Determine the elements needed for a strategic pay structure.
Assessment Instructions
Integrate your job analysis and classification, pay structures, and benefits proposals from previous assessments into a comprehensive compensation structure, and prepare a PowerPoint presentation of a comprehensive reward plan for CapraTek upper management. Refer to the resources for guidance on how to use the PowerPoint presentation software.
Refer to Effective Presentations in this assessment to help you develop a more effective PowerPoint presentation.
Structure your 10–12 slide presentation by the sections below:
OVERALL STRATEGY AND GOALS
- Evaluate compensation and benefits components in your plan.
- Articulate the overall strategy.
- Identify legally required benefits in your plan.
- Identify discretionary benefits.
- Argue whether this is a good return on investment.
TACTICAL STEPS
- Outline specific tactical steps.
PAY STRUCTURES
- Create a visual representation of strategic pay structures. This could be a table, chart, or diagram.
- Create a visual representation of a strategic benefits structure and propose a timeline for implementation.
- Justify the alignment of external and internal pay structures.
- A strategic pay structure.
- A strategic benefits structure.
CONCLUSION
- Evaluate the effect of rewards plans on workforce behavior of employees and executives.
- Cite evidence that the plan is internally consistent and externally competitive.
Note: Your faculty may also use the Writing Feedback Tool to provide feedback on your writing. In the tool, click the linked resources for helpful writing information.
ePortfolio
You should consider adding this assessment to your personal ePortfolio. This assessment demonstrates your ability to share a design for a pay structure. This skill is necessary in a professional setting when you are trying to make strategic compensation recommendations. You will want to organize your assessments to easily support future reflection and completion of your HRM capstone project as well as for showcasing your knowledge with employers after graduation. For more information on ePortfolio, visit the Campus ePortfolio page.