This research-based assignment focuses on the latest available information about creating, organizing, and managing a total rewards program. Envision a service-based (insurance, telemarketing, or other) profit organization that employs 20,000 employees in 17 different countries. There are 2,000 management-level individuals who speak a variety of languages. The company employs diverse individuals who are governed by multiple regulatory environments.
Write an eight- to ten-page paper in which you:
-Create a brief overview of the company requirements for a total rewards system.
-Formulate a total rewards strategy to encompass the fundamentals of compensation and the regulatory environments.
-Explain the advantages of the total rewards strategy you are proposing and how it might satisfy the employees’ needs.
-Determine the key communication components of the total rewards system.
-Indicate your strategy for devising a competitive pay structure.