Jul 16, 2017 Research papers

how innovations in employee benefits can improve the overall competitive compensation strategy of the organization.

This paper concentrates on the primary theme of how innovations in employee benefits can improve the overall competitive compensation strategy of the organization. in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

Compensation Strategy of the Organization

INSTRUCTIONS:

Employers have been coming up with innovative employee rewards to boost morale and acknowledge employee needs for creativity and personal goal accomplishment. Some of the latest potential employee rewards include using the Internet at work for personal reasons such as shopping, communicating with friends, or personal finances; bringing a pet to work; instituting a controlled napping policy, and the sports and office betting pools. 



Write an eight to ten (8-10) page paper in which you: 

1.Determine how innovations in employee benefits can improve the overall competitive compensation strategy of the organization.

2.Explain how innovative benefits could be tied to specific jobs.

3.Critique the effectiveness of equity-based rewards systems versus those with more creative approaches.

4.Discuss the key elements of integrating innovation into a traditional total rewards program.

5.Recommend a process that optimizes an employee-based suggestion program to continually refresh the total rewards of the organization.

6.Use at least five (8) quality academic resources in this assignment that are not older than 5 years. Note: Wikipedia and other Websites do not quality as academic resources.

7. Include the questions on the Paper 

Your assignment must follow these formatting requirements:

•Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. 

•Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

CONTENT:

HRM 533 Assignment 5 Name: Instructor: Course: Name: HRM 533 Assignment 5 Question 1: Determine how innovations in employee benefits can improve the overall competitive compensations strategy of the organization. The world has rapidly transitioned over the years and the field of human resource management is not an exceptional. Employers have sought for more innovative and creative rewards for their employees to increase their motivation as well as acknowledge their needs for being creative and accomplishing their individual goals. Therefore, innovations in employee benefits have consequently improved the overall competitive compensation strategies in organizations (Westman, 2010). Some of the innovative employee benefits include the provision to use internet at an employee’s workplace for personal reasons such as socializing with friends, shopping online, and sports betting pools among others. The modern employee’s needs are unique and diverse compared to the traditional ones and employers should be able to appreciate this in order to effectively nurture their unique qualities and abilities at the work place effectively. The work place should provide an environment that encourages professionalism and growth of the employees holistically as well as ensure the organizations compensation strategy is competitive. Innovative benefits serve to enhance employee’s commitment improving their overall performance and productivity. (Sh...


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