Company Overview:
ABC Inc. is a mid-sized company with approximately 500 employees. The company provides marketing services to clients in various industries, including healthcare, retail, and technology. The company has experienced significant growth in recent years and is now looking to develop a Total Rewards strategy to attract and retain top talent.
Case Scenario:
As the newly appointed HR Director of ABC Inc., you have been tasked with developing a Total Rewards strategy and plan that aligns with the company’s goals and meets the needs of its employees.
The plan needs to address how you will measure the effectiveness of the strategy and plan to ensure that the desired objectives are met.
The goal of this assignment is to educate management on the following questions:
What is a Total Rewards strategy, and why is it important for ACB Inc., to have one?
What are the key components of a Total Rewards strategy, and how can they be tailored to meet the needs of ABC Inc.?
Develop an implementation plan for the Total Rewards strategy. What steps should be taken to ensure that the plan is successfully implemented?
After the implementation of the Total Rewards strategy, what steps should be taken to ensure that it continues to meet the changing needs of the company and its employees?
What metrics should be used to measure the effectiveness of the Total Rewards strategy, and why are these metrics important?
How can the results of the effectiveness measurements be used to improve the Total Rewards strategy and plan over time?
If ABC Inc. decides to expand into another country, what are the potential challenges to the Total Rewards strategy, and how can these challenges be addressed?
Your presentation must have a reference slide that includes five scholarly/trade sources not utilized in the class materials.
