Capella University HR Challenge Comprehensive Reward Plan Presentation

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.     
  • 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.     
  • Examine the strategic and tactical decisions that need to be considered as well as the various contextual influences.
• CapraTek: Strategic Pay Structures.     
  • 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.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.