Recommend a strategy (6 pages) for improving a total rewards package for FFH or a selected organization in order to be competitive with other employers and to positively support recruitment and retention initiatives.Demonstration of ProficiencyBy successfully completing this assessment, you will demonstrate your proficiency in the course competencies through the following assessment scoring guide criteria:Competency 1: Apply legal standards in human resource management decision making and practice.Explain what legal compliance requirements FFH (or a selected organization) should consider when creating a total rewards package.Competency 2: Use data to support human resource management decision making.Analyze components to include in FFH's (or a selected organization’s) total rewards package.Compare the salary and benefits components with adding an incentive compensation package. Competency 3: Develop human resource management strategy recommendations to support organizational goals in a dynamic environment.Recommend a strategy for compensating FFH's (or a selected organization’s) management.Competency 5: Communicate human resource management needs, opportunities, and strategies with multiple stakeholders.Communicate in a manner that is professional and consistent with expectations for human resource professionals and master's-level programs.PreparationSearch websites with pertinent data sources, including the following, for general salary information. Research other career-focused websites for benefits information.U.S. Department of Labor, Employment and Training Administration. (n.d.). O*Net online. Retrieved from https://www.onetonline.org/Bureau of Labor Statistics. (n.d.). Databases, tables and calculators by subject. Retrieved from https://www.bls.gov/data/#employmentInstructionsFFH is concerned about the competitiveness of its total rewards package. Most store managers and supervisors have been with FFH for over 20 years and have been very satisfied with their compensation. However, while interviewing prospective candidates, the company is getting indications that their total rewards package is not equal to their competitors. You are being tasked with recommending a strategy for improving FFH's or a selected organization's total rewards package in order to increase competitiveness with other businesses and to positively support recruitment and retention initiatives. Include the following in your total rewards package strategy for HR management and organizational leaders:Analyze components to include in the total rewards package. This analysis should include salary and benefits as well as areas beyond compensation. Should FFH or your selected organization lead the market, pay at market rates, or lag behind the market? To move toward the broader definition of total rewards, what two other components should be considered? Compare the salary and benefits components with adding an incentive compensation package. Is there a benefit to including a bonus, commission, or profit sharing as part of FFH's or a selected organization’s total rewards package?Explain what legal compliance requirements FFH or a selected organization should consider when creating a total rewards package.Recommend a total rewards package strategy for FFH's or a selected organization’s management. Do cultural and inclusive practices that support a diverse workforce impact your recommendations? Justify the components you are including. Your total rewards package strategy should demonstrate graduate-level writing skills through the accurate communication of thoughts that support a central idea and use of correct grammar and mechanics as expected of a human resources professional.Additional RequirementsReferences: Support your analysis with at least two academic, scholarly, or professional resources from the Capella University Library.Format: Resources and citations are formatted according to current APA style and format.Length: Six pages, in addition to the references list.Font and font size: Times New Roman, 12 point.

Module 03 Industry AnalysisTo prepare for this assignment, review Figures 3.1, 3.2, 3.3, and 3.5 from your textbook. Select a Middle Eastern company of your choosing and complete an Industry Analysis by answering the following questions.Analyze and predict industry profitability:How have structural changes created uncertainty and what is the outlook for profitability in the future?Apply and detail Porter’s 5 forces framework with a graphic representation (Figure 3.3) and written explanation for your selected company.Explain profitability differences to other industries (Chapter 3, Table 3.1) and then predict future profitably.Drawing industry boundaries:What industry is it in?Who is competing with whom?Are the boundaries of the industry clear‐cut?Implications for strategy:What strategies can companies adopt to reduce competitive pressure and improve industry profitability?Which strategies might work for your organization?Identifying Key Success Factors (KSFs):What are the KSFs of your company?How do customers choose between rival offerings?Examine the competition (Figure 3.6).Have your companies KSFs changed over time?Your well-written paper should meet the following requirements:Be 6 to 7 pages in length, which does not include the required title and reference pages, which are never a part of the content minimum requirements.Use academic writing standards and APA style guidelines.Support your submission with course material concepts, principles, and theories from the textbook and at least two scholarly, peer-reviewed journal articles unless the assignment calls for more.Check the page 68 in the book (Dropbox)for the book: https://www.dropbox.com/s/d7agx67zlpzclt2/Th.Editi...