Review the following lectures:
- Strategic Compensation & Human Resource (HR)
- Salary Structure
- Compensation Systems
- Pay Structures
- Benefits and Laws
Project
The project assignment provides a forum for analyzing and evaluating relevant topics for this week on the basis of the course competencies covered.
Introduction:
In the previous unit, you researched and gathered data on Google to understand how it compensates the employees. In this unit, you will design a total compensation and rewards program to attract and retain new talent. This would include benefits, pay, incentives, monetary and nonmonetary rewards, and other options to outperform Google.
Tasks:
- Design a total compensation and rewards program for the employees.
- Create a compensation pie chart.
- Implement a plan to manage the new compensation structure, with timelines.
- Assess the use of compensation benchmarking to maintain the competitive advantage.
- Propose a method to determine the success of the compensation plan.
