HR CHALLENGE: STRATEGIC BENEFITS

Introduction

The HRM professional or compensation expert should have the ability to strategically manage the compensation for a flexible workforce. Because your previous assignments have been well received by management and you are considered a "rising star," your manager, Megan, has asked you to expand on your work and develop a 3–4 page benefits structure report for CapraTek commensurate with job classifications.

Assignment Instructions

To complete this HR challenge, organize your 3–4 page benefits structure report using the following headings:

Benefits Structure

• Construct a benefits structure for CapraTek, including legally required benefits, retirement plans, and discretionary benefits.

Alignment to Pay Structure

• Validate the alignment of your benefits plan to your pay structure.

Evaluation

• Evaluate strategy considerations, including individual and organizational performance and the overall total rewards.

Note that this report must be written in the third person, adhering to conventions of academic tone.

Note: Your instructor 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 compensation system that is consistent internally and externally competitive. This skill is necessary in a professional setting when you are trying to make strategic  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.

Assignment Requirements

The deliverable for this assignment applies professional skills in HRM to workplace situations that you will likely encounter in your day-to-day work in HRM. As part of your learning, focus on the development of effective professional communication skills for the workplace.

• Length: Your report should be 3–4 pages.
• Organization: Make sure that your assignment writing is well organized, using headings and subheadings to organize content for the reader.
• Font and font size: Times New Roman, 12 point.
• Resources: Use two scholarly, peer-reviewed or academic sources.
• Evidence: Support your assertions with data and/or in-text citations and create a reference list as the final page.
• APA formatting: Resources and in-text citations are formatted according to current APA Style and Format.
• Written communication:
  • Address the appropriate audience, using familiar, discipline-specific language and terminology.
  • Use spell-check and  other tools to ensure correct spelling and grammar.

SCORING GUIDE

Your Work will be evaluated using this criteria.

VIEW SCORING GUIDE

Competencies Measured

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:

• Competency 2: Apply compensation theories to formulate a total rewards strategy.
  • Evaluate total rewards strategy in a given scenario.
• Competency 3: Analyze the influence of job classification systems on compensation programs.
  • Synthesize strategic benefit components into the pay structure for a given scenario.
  • Synthesize legally required benefits into a pay structure for a given scenario.
• Competency 4: Communicate clearly, accurately, and professionally in the human resource management field.