HRM 599 Week 8 Assignment Strategic Value of Employee Benefits Programs STRATEGIC VALUE OF EMPLOYEE BENEFITS PROGRAMS INSTRUCTIONS To attract, motivate, and retain good workers, companies need to define what an employee wants from the employment relationship. One way to define employee needs is to consider "total rewards," which are everything an employee perceives to be of value resulting from working for the company. Benefits are a core element of total rewards and the ever-growing package of offerings have evolved. You must now work with the company to define precisely where the various programs will be categorized. Write a six- to seven-page paper in which you do the following: Identify and discuss at least three important factors that almost always should be considered by organizations before providing employee benefits programs. Be sure the response is specific and relevant. Compare and contrast income protection programs and pay for time not worked programs, both of which are usual elements of benefits programs. How are the programs similar? Are they mandatory? Research and discuss at least four to five of what may be referred to as "Other Benefits" that you could recommend to the management team as necessary elements for the benefits package. Hint: Flextime and product or service discounts are good examples. Develop an employee benefits package for any exempt or non-exempt position level of your choosing (indicating which), and making sure you support the selection of your program elements. Note: The preferred method for presenting your benefits package information is using a table or exhibit, but either approach is not mandatory. Examples: US Bank Benefits at a Glance and UW-Madison New Employee Benefits Summary. Use at least four quality academic resources in this assignment. Note: You may only use the resources listed in the Course Guide and those that are specifically provided by the professor. 

CompetencyIn this project, you will demonstrate your mastery of the following competency:Analyze the essential components of operational processes in relation to efficiency and improvementScenarioYou just started a new position at Mountain Top View Inc. as a manager overseeing all three store locations. John Applewood is one of the owners, and he would like to work with you to develop strategic business goals and improve operational processes. One of the first tasks John asks you to do is to provide recommendations for supporting the company’s business goals. He has asked that you provide the recommendations in the form of a scorecard and to include notes about business goals and initiatives in a follow-up email.Mountain Top View Inc. Company OverviewA few years ago, based on their love of the outdoors, John and Ann Applewood started a small outdoor equipment business called Mountain Top View Inc. The company has expanded so rapidly over the past few years that it is now a publicly traded corporation. There are three stores located across the northeastern United States. Additionally, it has a wide international customer base and sell its products online.Mountain Top View Inc. Mission StatementMountain Top View Inc. provides unparalleled service and quality products that ignite people’s passion and appreciation for nature, the world, and their community.Mountain Top View Inc. VisionOur vision is to lead the outdoor equipment industry in inspiring and equipping people from all walks of life to enjoy the great outdoors through unparalleled service and a diverse array of quality products.Business GoalsJohn has proposed the following business goals for the upcoming year, and he would like your input with regard to possible improvements in operational processes to support these goals.Increase sales by 5% across store locations and online salesRetain existing customers by implementing a rewards programSupport vendor relationships in order to improve supply baseDecrease employee turnover rateDirectionsDevelop an operational processes scorecard that addresses operational processes related to financial, internal, customer, and learning and growth perspectives, and suggest appropriate operational processes to support the company’s business goals.Operational Processes Scorecard: John and Ann would like you to add the business goals to the balanced scorecard. They recognize that the goals are in draft form, so they have asked that you make changes as you see fit, adjusting the goals accordingly.Add the business goals to the scorecard in the Business Goals section and make revisions to business goals to ensure specificity and efficiency.As you revise the goals, consider their ability to measure effectiveness and add context about an operational process that would support the goal.Describe a metric or performance measurement that would effectively evaluate the operational process or processes associated with each business goal. Address the following in your responses:What is a logical measure of success for the business goals identified?How does the metric or performance measurement address the root question of the organizational goal or need?Email to the Owners: John has proposed business goals for the upcoming year, and he would like your input with regard to possible improvements and suggestions based on what is included on the balanced scorecard. In your email, discuss the relationship between the business goals and the operational processes that would support the goals.Provide a brief (one- to two-sentence) explanation to justify the use of the metric or performance measurement used in each perspective of the balanced scorecard (financial, internal, customer, learning and growth). Address the following in your response:How will the metric support the company in meeting the business goal?What specific operational processes does the metric measure?Provide strategies for development of future goals, providing insight into the development and operational processes and expectations that the goals should address. Address the following in your response:What is a good starting point in developing goals? How does this connect to the next steps?How might the mission or vision statement support the development of business goals?Are there any environmental and social responsibility aspects management should consider in the development of future goals?How do these strategies align with the organization’s operational processes and support management in determining appropriate focus areas?Describe common mistakes that are made when designing and reporting metrics to measure operational processes. Address the following in your response:Specifically in the process of designing metrics, what common mistakes can inhibit the metric’s effectiveness?When measuring operational processes, what are common mistakes in determining what to measure, how to measure it, and how to frame the information?What to SubmitEvery project has a deliverable or deliverables, which are the files that must be submitted before your project can be assessed. For this project, you must submit the following:Operational Processes Scorecard- template is attached down below!Highlight specific operational processes and metrics and elaborate on how these will be attained.Email to the OwnersJohn and Ann have asked that you include notes about the business goals and future initiatives in order to elaborate on specific elements included in the scorecard, such as revised business goals and the use of recommended metrics. The email should be a half page or 1 page in length and should be submitted as a Word document. Include the following heading:TO: John and Ann ApplewoodFROM: (Your Name)SUBJECT: Operational Processes Scorecard Follow-UpReference List For each source that you cite, you need to include the author’s name, the publication year, the title of the source, and the location of the source in a References section at the end of your work. Cite all sources appropriately.