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August 24, 2020

Treating employees as consumers

REQUIRED READING:
Mathis, R.L., Jackson, J.H., Valentine, S.R., & Meglich, P.A. eds. (2015). Human resources management. 15th ed. Boston, MA: Cengage Learning. Chapters 11 & 12.
Payscale (2017). Compensation trends: disruption in action at the 2017 total rewards show. [PDF file].

Wenthe, M. (2018). Five takeaways from WorldatWork total rewards 2018. [PDF file].
WorldatWork (2015). Treating employees as consumers: Branding total rewards at MasterCard. (12:53) NON YOUTUBE

DISCUSSION QUESTION:
Research a company or share your current companys total rewards package. Include in your response:

How is your current organization’s compensation system structured? Is this communicated to employees?
How are the three general components of total rewards applied?
Which variable pay-for-performance plans are offered at your company (individual, team, organizational)? In your opinion, are these plans effective? Why or why not?
What non-financial rewards do your company offer? In your opinion, are these rewards successful? Why or why not?
Provide three recommendations you would make to your organization to increase the effectiveness of its compensation system.
Explain why the recommendations would be effective.

PLEASE ADD AT LEASE 3-4 CITATIONS

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