Strategic Elements of a Total Rewards System .

Describe the Strategic Elements of a Total Rewards System .

CLR1 - Analyze the internal and external environments of an organization

CLR5 - Compare and contrast the features and impact of total rewards, including various benefits plans and other rewards on employee motivation

Objective of this Assignment: To demonstrate knowledge and understanding of the process of choosing a compensation model by describing the

strategic elements of a total rewards system.

For this assignment, read the following scenario:

For more than 15 years you have been a human resources. manager ata regional health centre that employs a combination of unionized and non-

unionized workers. Your company is home to more than 300 employees, ranging from doctors and to nurses, to caretakers, clerks and administrators.

The hospital has been affected deeply by government cutbacks in funding and rising costs of carrying out core business, leading to a reduction in

employee morale and a rise in burnout-related stress leave and employee attrition. The result is a skills shortage and an inability to recruit employees

as compared to competitor firms. You have already rationalized your approach to demonstrating the need for a new total rewards system and now will

build on that work.

Prepare a written memo to the organization, outlining the preferred approach, why it is necessary, and how it may positively affect them, paying special

attention to the impact on organizational culture.

Sample Solution