Description of an Organization’s total Reward Elements and Strategy

One of the best ways to comprehend and apply what we are learning in our readings about the Total Rewards approach and the strategy that organizations take to ensure they have an effective Total Rewards program in place is to look closely at an organization’s Total Rewards elements and their Total Rewards strategy.

In this assignment, students will share key information about an organization and their total rewards strategy and communicate the findings in a PowerPoint presentation of about 10-12 slides (no set limit; use the number of slides required to share information effectively). A script (written using full sentences and not a verbal recording) in the notes section of the presentation will keep the slides relatively simple. This activity allows practice for presenting key information in real life situations in the workplace (virtual or in person).

Google, WALMART, Microsoft, and Amazon are not acceptable organizations.

Structure for Presentation

Each presentation will provide the following:

1. Introduction and purpose for the presentation
2. Name of the organization and description
3. Core capabilities of the organization (what they do best)
4. Reward philosophy
5. General employee competencies or knowledge, skills and abilities (KSA’s)
6. Segmentation of the employees or potential employees
7. Differentiation or tailoring of the rewards to recruit, hire, engage, and retain the employees
8. Total rewards including:

• • Compensation
  • Benefits
  • Work-Life
  • Performance and Recognition
  • Development and Career Opportunities

9. How the reward offerings are communicated and evaluated (such as qualitative or quantitative metrics)
10. General assessment of the effectiveness of the current total rewards strategy
11. Reference list

Students will use the interview protocol provided for their interview with a member of the organization. After you have completed your presentation, please share it with the cohort so they may learn from your good work.

Interview Protocol (If you cannot obtain an interview for the information, other means will need to be used such as website information or media articles)

The interview protocol for the interview follows. Ask other questions you feel are pertinent to the assignment and related to the course on total rewards strategy. Share with the person being interviewed the purpose of the interview and how the information will be used. Ask if the name of the company and/or the person being interviewed should be kept confidential.

Ask:

1. What is the legal name of the organization and description such as location(s), number of employees, union or non-union, for profit, non-profit, or government entity?
2. What are the core capabilities of the organization (what it does best)?
3. What are the general employee competencies or knowledge, skills and abilities (KSA’s)?
4. What is the reward philosophy such as lead, lag, or match the competition?
5. How are the employees or potential employees segmented for recruitment or rewards?
6. How are rewards to recruit, hire, engage, and retain the employees differentiated or tailored?
7. What total rewards are provided including a general description of the following:
   1. Compensation
   2. Benefits
   3. Work-Life
   4. Performance and Recognition
   5. Development and Career Opportunities
8. What is the culture of the organization (such as any stated values)?
9. How are the reward offerings are communicated?
10. How is the effectiveness of the rewards strategy evaluated (such as with qualitative or quantitative metrics)?
11. What is the general assessment of the effectiveness of the current total rewards strategy to recruit, hire, retain, and engage the needed employees?