Plan to Change the Organization
Business
Title: Plan to Change the Organization (Cumulative Paper)
Assignment Instructions: Assignment 3: Plan to Change the Organization (Cumulative Paper)
This assignment allows you to demonstrate mastery of course outcome:
Design a total rewards program that incorporates monetary, non-monetary, and environmental elements in order to ensure organizational success
In this assignment, you will design a total rewards program based on the organization where you work and used for assignment one.
Before creating the total rewards program, you will have conducted a research project in which you have obtained original data thorough and detailed information about organizational goals, objectives, and challenges. In addition, you will have obtained information about the current monetary and non-monetary rewards and work environment of the organization and the challenges or changes (such as expansions, downsizing, changes of services or products) the organization anticipates. You will have also designed metrics to evaluate the total rewards program.
In the paper, you will provide the research findings in a report of at least 10 pages plus a title page and a reference page. Provide at least eight sources (in APA format) in a reference list and respective in-text citations. At least 5 of these sources must be from course materials. Please be sure to use topic headings and include the following:
1. Provide a Title Page in Academic Format
2. Give the Introduction and Purpose for the Paper
3. Summarize and describe the organization, including its capabilities, key goals, objectives, challenges, values, and core competencies required for success.
4. Demonstrate your knowledge of the total rewards model by describing the current total rewards philosophy of the organization and its three categories of offerings.
5. Identify and describe the segmentation of the workforce (drawing up our study of how to differentiate employee groups depending on their drivers, such as flexible schedules, growth potential, desire for demonstrating individual expertise or team success, low obligation and easy income, or high obligation and high income).
6. Describe further the current requisite capabilities of the organization and the competencies (knowledge, skills, and abilities) of the employees and, in your opinion, an analysis of whether the current needs will change given the issues faced by the organization.
7. Recommend changes to the total rewards program, along with specific plans, including plans for communicating the changes and metrics that should be used by the organization to evaluate the success of the new program.
8. Present the justification for your recommendations.
9. Assess and discuss the risks of not implementing the program and the opportunities the program will give the organization.
10. Provide your metrics for evaluating the total rewards program and share why you chose the ones you did.
11. Describe your conclusions and a summary of knowledge gained about total rewards through the activity.
12. Reference Page (with at least eight scholarly sources), at least 5 of these should be from course materials.
Reference List:
Lawler, I. E. (2011). Creating a new employment deal. Total rewards and the new workforce. Organizational Dynamics, 40 (The Future of Human Resource Management Special Issue), 302-309. doi:10.1016/j.orgdyn.2011.07.007
Groysberg, B., Abbott, S., Marino, M. R., & Aksoy, M. (2021). Compensation Packages That Actually Drive Performance.?Harvard Business Review,?99(1), 102–111
Lumen Learning (nd). Types of Compensation
Lumen Learning (nd). Developing a Pay Structure
Lumen Learning (nd). Benefits
Lumen Learning (nd). Benefit Trends
Grading:
1. Description, Evaluation, and Analysis of Organization: Description, evaluation, and analysis demonstrate a very detailed and exceedingly well-displayed understanding of the total rewards core elements; and thoroughly demonstrate how the rewards allow the organization to achieve its objectives and attract, retain, and motivate employees with the requisite knowledge, skills, and abilities (KSAs). All elements are fully supported with resources.
2. Evaluation and Assessment of Organization\’s Total Rewards Program, and Description of Future Challenges: Evaluation and assessment of organization\’s TRP are thorough and link extremely well to organizational objectives. The assessment shows a strong understanding of core course concepts. The organization\’s future challenges and issues are thoroughly described and documented. The alignment of total rewards to the needed KSAs is clearly and convincingly articulated and supported with relevant sources.
3. Workforce Segmentation and Analysis: More than one segmentation technique of employees is applied or student designed analysis and assessment technique to isolate employees who hold the requisite KSAs for the organization\’s success. Analysis and assessment show thorough understanding of techniques of differentiation/ identification of KSAs.
4. Change recommendations for total rewards: Suggested changes in TR demonstrate a clear and innovative alignment to organizational objectives and existing changes or issues, and are supported with resources. All TR elements are included plus the feedback, communication, metrics for evaluation, and the risks of not implementing are exceedingly effective. Each recommendation is supported with data.
5. Writing Mechanics: Paper shows excellent professional and academic communication, attends well to style, has no errors in grammar and mechanics, and shows an excellent use of appropriate outside resources. Topic headings are used very effectively to add to the flow of the paper. All references are cited, and all citations are referenced.
Paper Format: APA
Answer preview to Plan to Change the Organization
APA
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