Students will create a job aid consisting of 3 columns. The first column will list types of pay plans
Students will create a job aid consisting of 3 columns. The first column will list types of pay plans. The second column will list legally required benefits (FMLA) and a brief explanation of criteria used to determine which organizations are legally bound to comply (e.g., all organizations with 10 or more employees). Further, it will list optional benefits (e.g., healthcare, PTO) and the government mandates associated with each, if at all; and third column will list types of Incentive plans (e.g., individual and group plans) along with advantages and disadvantages of each.
Template – Total Compensation Job Aid
Use this template, or make up your own, to design a job aid that summarizes the key points regarding Total Compensation. Students are highly encouraged to review the Compensation information provided on the SHRM.org website, as well as required reading and course content.
For the purpose of this assignment, the job aid should include a summary of pay plans, legally required benefits (FMLA) and a brief explanation of criteria used to determine which organizations are legally bound to comply (e.g., all organizations with 10 or more employees). Further, the summary will include optional benefits (e.g., healthcare, PTO) and the government mandates associated with each, if at all; and types of Incentive plans (e.g., individual and group plans) along with advantages and disadvantages of each.
Pay Plans
Legally Required Benefits
Incentive Plans
Advantages:
Disadvantages:
Advantages:
Disadvantages:
Advantages:
Disadvantages:
Advantages:
Disadvantages:
Optional Benefits
Advantages:
Disadvantages:
Advantages:
Disadvantages:
…………………Answer preview……………………….
This exercise is practiced based on what an individual has succeeded to achieve relevant to organizational objectives.Advantages of hospital insurance fund ensures low turnover of employees and low absenteeism in the organization…………………………
APA
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