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HRM 599 – Strategic Value of Employee Benefits Programs

Required Resources

Lussier, R., & Hendon, J. (2019). Human Resource Management: Functions, Applications, and Skill Development (3rd ed.). Los Angeles, CA: SAGE Publications, Inc.

Assignment 3: Strategic Value of Employee Benefits Programs

Due Week 8 and worth 170 points

To attract, motivate, and retain good workers, companies need to define what an employee wants from the employment relationship. One way to define employee needs is to consider “total rewards,” which are everything an employee perceives to be of value resulting from working for the company. Benefits are a core element of total rewards and the ever-growing package of offerings have evolved. You must now work with the company to define precisely where the various programs will be categorized.

Write a seven (7) page paper in which you:

  • Identify and discuss at least four (4) important variables that almost always should be considered by organizations when providing employee benefits programs. Be sure the response is specific and relevant.
  • Compare and contrast income protection programs and pay for time not worked programs, both of which are usual elements of benefits programs. How are the programs similar? Are they mandatory?
  • Research and discuss at least five (5) of what may be referred as “Other Benefits” that you could recommend to the management team as necessary elements for the benefits package. HINT: Flextime and product/service discounts are good examples.
  • Develop an employee benefits package for any exempt or non-exempt position level of your choosing, making sure you support the selection of your program elements. NOTE: The preferred method for presenting your benefits package information is using a table or exhibit, but either approach is not mandatory. HINT: http://www.isacs.org/uploads/file/Monographs/Business%20Operations/Benefits%20Plan.pdf
  • Format your assignment according to these formatting requirements:
  • Use at least seven (7) quality academic resources in this assignment. Note: Wikipedia and similar websites do not qualify as academic resources.

http://www.usbankhr.com/hr/docs/benefits/benefits-at-a-glance-next.pdf

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment (with running head), the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required page length.
    • Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length. Use the Strayer University Library at https://research.strayer.edu to locate additional sources to support your work.

The specific course outcome associated with this assignment is:

  • Establish the importance of compensation and benefits, and how they support business strategy.

Points: 170

Assignment 3: Strategic Value of Employee Benefits Programs

Criteria

Unacceptable

Below 70% F

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

1. Identify and discuss at least three (3) important variables that almost always should be considered by organizations when providing employee benefits programs. Be sure the response is specific and relevant.

Weight: 15%

Did not submit or incompletely identified and discussed at least three (3) important variables that almost always should be considered by organizations when providing employee benefits programs and did not make sure the response is specific and relevant.

Partially identified and discussed at least three (3) important variables that almost always should be considered by organizations when providing employee benefits programs and partially made sure the response is specific and relevant.

Satisfactorily identified and discussed at least three (3) important variables that almost always should be considered by organizations when providing employee benefits programs and satisfactorily made sure the response is specific and relevant.

Thoroughly identified and discussed at least three (3) important variables that almost always should be considered by organizations when providing employee benefits programs and thoroughly made sure the response is specific and relevant.

2. Compare and contrast income protection programs and pay for time not worked programs, both of which are usual elements of benefits programs. How are the programs similar? Are they mandatory?

Weight: 10%

Did not submit or incompletely compared and contrasted income protection programs and pay for time not worked programs and did not address programs’ similarity and whether mandatory or not.

Partially compared and contrasted income protection programs and pay for time not worked programs and partially addressed programs’ similarity and whether mandatory or not.

Satisfactorily compared and contrasted income protection programs and pay for time not worked programs and satisfactorily addressed programs’ similarity and whether mandatory or not.

Thoroughly compared and contrasted income protection programs and pay for time not worked programs and thoroughly addressed programs’ similarity and whether mandatory or not.

3. Research and discuss at least four to five (4-5) of what may be referred to as “Other Benefits” that you could recommend to the management team as necessary elements for the benefits package. HINT: Flextime and product/service discounts are good examples.

Weight: 20%

Did not submit or incompletely researched and discussed at least four to five (4-5) of what may be referred to as “Other Benefits” that could be recommended to the management team as necessary elements for the benefits package.

Partially incompletely researched and discussed at least four to five (4-5) of what may be referred to as “Other Benefits” that could be recommended to the management team as necessary elements for the benefits package.

Satisfactorily incompletely researched and discussed at least four to five (4-5) of what may be referred to as “Other Benefits” that could be recommended to the management team as necessary elements for the benefits package.

Thoroughly incompletely researched and discussed at least four to five (4-5) of what may be referred to as “Other Benefits” that could be recommended to the management team as necessary elements for the benefits package.

4. Develop an employee benefits package for any exempt or non-exempt position level of your choosing making sure you support the selection of your program elements.

Weight: 30%

Did not submit or incompletely developed an employee benefits package for any exempt or non-exempt position level of your choosing, and did not make sure the selection ofprogram elements was supported.

Partially developed an employee benefits package for any exempt or non-exempt position level of your choosing, and partially made surethe selection ofprogram elements was supported.

Satisfactorily developed an employee benefits package for any exempt or non-exempt position level of your choosing, and satisfactorily made sure the selection ofprogram elements was supported.

Thoroughly developed an employee benefits package for any exempt or non-exempt position level of your choosing, and thoroughly made sure the selection ofprogram elements was supported.

5. 7 References

Weight: 5%

No references provided.

Does not meet the required number of references; some or all references poor quality choices.

Meets number of required references; all references high quality choices.

Exceeds number of required references; all references high quality choices.

6. Writing Mechanics, Grammar, and Formatting

Weight: 5%

Serious and persistent errors in grammar, spelling, punctuation, or formatting.

Partially free of errors in grammar, spelling, punctuation, or formatting.

Mostly free of errors in grammar, spelling, punctuation, or formatting.

Error free or almost error free grammar, spelling, punctuation, or formatting.

7. Appropriate Use of APA In-Text Citations and Reference

Weight: 5%

Lack of in-text citations and / or lack of reference section.

In-text citations and references are provided, but they are only partially formatted correctly in APA style.

Most in-text citations and references are provided, and they are generally formatted correctly in APA style.

In-text citations and references are error free or almost error free and consistently formatted correctly in APA style.

8. Information Literacy / Integration of Sources

5%

Serious errors in the integration of sources, such as intentional or accidental plagiarism, or failure to use in-text citations.

Sources are partially integrated using effective techniques of quoting, paraphrasing, and summarizing.

Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing.

Sources are consistently integrated using effective techniques of quoting, paraphrasing, and summarizing.

9. Clarity and Coherence of Writing

Weight: 5%

Information is confusing to the reader and fails to include reasons and evidence that logically support ideas.

Information is partially clear with minimal reasons and evidence that logically support ideas.

Information is mostly clear and generally supported with reasons and evidence that logically support ideas.

Information is provided in a clear, coherent, and consistent manner with reasons and evidence that logically support ideas.

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