Overview
For Assessment 4, prepare a 10-12 slide PowerPoint Presentation for CapraTek upper management. It should integrate your job analysis and classification, pay structures, and benefits proposals into a comprehensive compensation structure for a comprehensive reward plan.
Introduction
Human resource specialists routinely develop presentations for various groups in an organization. It is crucial to create a presentation that resonates with the identified audience. In other words, effective communication means using language and terms that the audience understands and providing visuals that convey meaning at a glance. The challenge in this assessment is to use a PowerPoint presentation to explain a total rewards strategy for CapraTek. Focus on how to communicate an effective strategic approach to management.
Preparation
The goals for an effective total rewards programs are often the same for a global organization. These include enhancing employee motivation, productivity, and engagement.
Your manager, now officially your mentor, has arranged for you to give a PowerPoint presentation of your comprehensive reward plan to CapraTek upper management. Successful completion of this assignment will put you on the promotional fast track.
CapraTek
CapraTek is a virtual technology company. The assessment is based on the CapraTek scenarios.
CapraTek Key Issues and Analysis.
https://media.capella.edu/CourseMedia/hrm5055element21397/wrapper.asp
This simulation walks you through how to identify key issues that will affect a strategic compensation plan and how to analyze the basic organizational information necessary to make decisions and recommendations about a strategic compensation plan.
CapraTek: Job Structures and Compensation.
https://media.capella.edu/CourseMedia/hrm5055element21396/wrapper.asp
Examine the strategic and tactical decisions that need to be considered as well as the various contextual influences.
CapraTek: Strategic Pay Structures.
https://media.capella.edu/CourseMedia/hrm5055element21398/wrapper.asp
Determine the elements needed for a strategic pay structure.
Assessment Instructions
Integrate your job analysis and classification, pay structures, and benefits proposals from previous assessments into a comprehensive compensation structure, and prepare a PowerPoint presentation of a comprehensive reward plan for CapraTek upper management. Refer to the resources for guidance on how to use the PowerPoint presentation software.
Refer to Effective Presentations in this assessment to help you develop a more effective PowerPoint presentation.
Structure your 10–12 slide presentation by the sections below:
Overall Strategy and Goals
Evaluate compensation and benefits components in your plan.
Articulate the overall strategy.
Identify legally required benefits in your plan.
Identify discretionary benefits.
Argue whether this is a good return on investment.
Tactical Steps
Outline specific tactical steps.
Pay Structures
Create a visual representation of strategic pay structures. This could be a table, chart, or diagram.
Create a visual representation of a strategic benefits structure and propose a timeline for implementation.
Justify the alignment of external and internal pay structures.
A strategic pay structure.
A strategic benefits structure.
Conclusion
Evaluate the effect of rewards plans on workforce behavior of employees and executives.
Cite evidence that the plan is internally consistent and externally competitive.
Additional Requirements
The deliverable for this assessment applies professional skills in HRM to workplace situations that you will likely encounter in your day-to-day work in HRM. As part of your learning, focus on the development of effective professional communication skills for the workplace.
Length: Your PowerPoint presentation should be 10–12 slides.
Organization: Make sure that your assignment writing is well organized, using headings and subheadings to organize content for the reader.
Font and font size: Ariel, 28 point.
Resources: Use two scholarly, peer-reviewed or academic sources.
Evidence: Support your assertions with data and/or in-text citations and create a reference list as the final slide.
APA formatting: Resources and in-text citations are formatted according to current APA Style and Format.
Written communication:
Address the appropriate audience, using familiar, discipline-specific language and terminology.
Use spell-check and other tools to ensure correct spelling and grammar.
Competencies Measured
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
Competency 1: Assess the impact of compensation systems on individual and organizational performance.
Evaluate the impact of reward plans on workforce behavior of employees and executives.
Competency 2: Apply compensation theories to formulate a total rewards strategy.
Assess the alignment of external and internal pay structures.
Formulate the overall strategy and goals of a total rewards strategy for a scenario.
Competency 3: Analyze the influence of job classification systems on compensation programs.
Apply specific tactical steps recommended for the plan and propose a timeline.
Cite evidence the plan is internally consistent and externally competitive.
Competency 4: Communicate clearly, accurately, and professionally in the Human Resource Management field.
Address the appropriate audience, using familiar, discipline-specific language and terminology.
Resources
Strategic Compensation
This text provides approaches and perspectives on strategic compensation. Many individual chapters provide step-by-step guidance to the elements of the assessments.
Martocchio, J. J. (2020). Strategic compensation: A human resource management approach (10th ed.). Boston, MA: Pearson.
This text provides approaches and perspectives on strategic compensation.
Total Rewards Strategy
Merker, M. (2019). 5 factors to consider before plunging into a total rewards program. Benefitspro.
This author highlights five factors for evaluating your total rewards approach.
Nair, R. (2019). Is your total rewards strategy still effective? Recognition and Engagement Excellence Essentials.
This article looks at key aspects for a total rewards checkup.
Payne, E. (2019). Why culture matters in creating a total rewards strategy. Benefitspro.
This article examines the importance of transparency, development, growth, diversity, and inclusion considerations in total rewards.
