Based on DQ1 Potential Problems and Based on DQ2 Six Steps - Assignment Example

Comments (0) Cite this document
Five ways in which a total rewards program can go astray are: a) trying to reengineer programs in pieces, b) trying to implement changes all at once, c) limiting the number of people involved, d) not doing a thorough impact analysis, and e) not communicating effectively…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.7% of users find it useful
Based on DQ1 Potential Problems and Based on DQ2 Six Steps
Read TextPreview

Extract of sample "Based on DQ1 Potential Problems and Based on DQ2 Six Steps"

DQ1 Five ways in which a total rewards program can go astray are: a) trying to reengineer programs in pieces, b) trying to implement changes all at once, c) limiting the number of people involved, d) not doing a thorough impact analysis, and e) not communicating effectively (Worldatwork, 2007).
a) Managers cannot make changes to specific variables of a rewards program once is implemented. A way to ensure that there is no need to make changes to variables is by getting it right from the first time. When a program is developed upper management must analyze the program by gaining feedback from the employees prior to implementation. “Feedback is an essential part of learning” (Seun, 2010).
b) Implementing all changes at once is not a wise move. If a program is not working the managers must find ways to make changes, but these changes can not occur all at once because this can lead to information overload for the employees. A timetable must be created to slowly implement the changes to the total rewards program.
c) It is true that during the design process of the total rewards a lot of groups should be involved such as human resources, executives, finance, employees, board of directors, and customers, but the actual implementation should involve a limited number of people. A way to involve different stakeholder groups, but limiting the number of people is by creating a committee. For a committee to be effective it must have well run meetings (Ala).
d) A thorough analysis of the total reward program is needed to ensure the program is viable during both good and bad times. A good strategy to ensure the success of the program during bad economic times is to create an emergency fund that covers at least six months of the total cost of the program. A way to eliminate bias from the process is by hiring a consulting firm to evaluate the program.
e) “Good communication skills are an indispensable asset without which the goals -- be it in any field -- may not be realized” (Buzzle, 2013). Firms must communicate well to their employees the different aspects of the total rewards program. Communication must be made both in verbal and written form.
I completely agree that consistent communication is imperative towards the success of an enterprise. Creating a policy regarding proper communication in the workplace can help open the lines of communication between the workers and the managerial staff. At my place of work communication among the employees is good. Some of the techniques that my company uses to maintain good communication are weekly staff meetings, feedback system, and active listening. The managers at my firm have the respect of the workers because they always treat the employees fairly.
The six steps of the creation of a total rewards program are analyze, design, development, implement, communicate, and evaluate. The firm must evaluate both the human resources and monetary implications of the firm. The human capital of a company is its most valuable asset. “The importance of human capital can be seen in terms of productivity that helps move the company closer to achieving its goals, as well as providing the employee with additional resources that can aid in the advancement of his or her career” (Wisegeek, 2013). Things that must be consider during the assessment stage are organizational culture, role of human resources, employer needs, employee needs, budgetary concerns, administrative process, and readiness for change. The second step is design. This step must consider the business strategy, corporate mission, and vision. Also the HR philosophy of the company must be considered. An HR philosophy creates a competitive advantage for all stakeholders through effective people management (Jindalsteelpower, 2013). The third step of the total rewards process is development. The company must determine the purpose and objectives of the program. Decisions must be made to determine how the program will impact the employees. A baseline of how to measure the effectiveness of the program must be created. The fourth step, implementation, is considered the action plan. During this step the HR people must obtain the approval of senior management. An implementation team must be formed. The fifth step is communication. “Using effective communication skills is crucial to relationships and to success at work” (Stressaffect, 2013). Upon completion of a rewards program it must be communicated to the employees. On a lot of occasions employees do not understand HR terminology. The program must be explained in simple English. The last step of the total rewards creation process is evaluation. This step is very important to learn the effectiveness of the program. The program must be evaluated using quantitative measures.
References Effective Committees: The Basics. Retrieved July 6, 2013 from (2013). Importance of Communication Skills. Retrieved July 6, 2013 from (2013). HR Philosophy. Retrieved July 6, 2013 from
Seun, O. (2013). The Importance of Feedback in Communication. Retrieved July 6, 2013 from (2013). Importance of Communication. Retrieved July 6, 2013 from (2013). What is the Importance of Human Capital? Retrieved July 6, 2013 from
Worldatwork (2007). Handbook of Compensation, Benefits & Total Rewards. New Jersey: John Wiley & Sons. Read More
Cite this document
  • APA
  • MLA
(“Based on DQ1 Potential Problems and Based on DQ2 Six Steps Assignment”, n.d.)
Based on DQ1 Potential Problems and Based on DQ2 Six Steps Assignment. Retrieved from
(Based on DQ1 Potential Problems and Based on DQ2 Six Steps Assignment)
Based on DQ1 Potential Problems and Based on DQ2 Six Steps Assignment.
“Based on DQ1 Potential Problems and Based on DQ2 Six Steps Assignment”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Based on DQ1 Potential Problems and Based on DQ2 Six Steps

Potential Ethical Problems

...Pennebaker 1997 1. Identify any potential ethical problems. Be sure to explain WHY these are ethical problems. Upon examining the article written by Pennebaker (1997) entitled “Writing About Emotional Experiences as a Therapeutic Process”, the author discussed the common writing paradigm used in the study of psychology. Aside from mentioning the significance of time given to the research participants when writing down their traumatic personal experiences on a piece of paper, Pennebaker discussed the significance of self-disclosure and its effectiveness in reducing the patients’ emotional distress. APA ethics office is working on the promotion of writing ethics particularly in the...
2 Pages(500 words)Assignment

Response to Coments on DQ1 J1 and DQ2 KS

...?DQ1 I agree with you that the primary difference between the accounting of manufacturing companies and service companies is the addition of the inventory element. Service companies do not carry any inventory because their sales are based on an intangible product. The existence of inventory creates added costs for companies such as freight costs to acquire the merchandise and the cost of maintaining a warehouse to store the inventory. Companies in the retail industry have inventory of items that are ready to sell. In a manufacturing company there are different types of inventory. The three types of inventory in a manufacturing operation are raw material, work in process inventory, and finished goods...
1 Pages(250 words)Essay

Response to Coments on DQ1 KS and DQ2 CH W9

...?DQ1 You mentioned that the cash flow ment is used by creditors and lender to assess the economic situation of a business entity. I completely agree with you. The statement of cash flow is the best financial statements in terms of showing the liquidity of a company. The term liquidity in accounting refers to the ability of a company to generate cash to pay off its debt (Weygandt & Kieso & Kimmel, 2003). One of the best attributes of the statement of cash flow is that it divides the usage of cash into three categories of activities which are investing, operating, and financing. Companies can always generate additional cash without the dependence of revenues by selling its common stock in the stock market. The cash that is...
1 Pages(250 words)Essay


..., the most common steps taken to achieve the gathering of this source include: "Federal government Provincial/state governments Statistics agencies Trade associations General business publications Magazine and newspaper articles Annual reports Academic publications Library sources" (Internal Source Data) Computerized bibliographies Syndicated services SIX STEPS OF MARKETING RESEARCH There are six steps to be explored in order to have effective Marketing Research: These are; 1. Identifying and defining problem: That is to figure out the main problems that will stands as block toward effectiveness of...
8 Pages(2000 words)Essay

Challenges in Applying Critical Appraisal Methods

...development of all health professionals like nurses in various settings (Burls, 2009). Critical appraisal allows a nurse to judge the validity, reliability and applicability of results of any clinical research while applying it to practice (Burls, 2009). This is because, the process includes intrinsic factors of research like study design, methods, results, etc,to analyze the value of the study. Critical appraisal is a very essential component of evidence based practice which is gaining momentum. The process of critical appraisal involves identifying the appropriateness of the study for the purpose of evidence based practice, ascertaining whether the studies have been conducted in a way which makes the...
1 Pages(250 words)Assignment

WEB based

...1 Methodology The methodology of software development will help to understand the situational problem presented by designing a new system for SQL learning. Additionally, it will also aid in the design and development by solving the problems presented in the development of a system design specifically for student to teacher interaction. In this work, the life cycle model of development will be used to engender the work and carry it to completion. The waterfall scheme is used in this methodology, providing a robust method for enabling the needs of the program to be met. This results in a program that is fast in its responses and free of errors. Also, a Unified modeling Language (UML) will be used to...
8 Pages(2000 words)Essay

Wk3 Second part of DQ Based on Dq1 AE and DQ2 ST Peer comment

...DQ1 The theory of procreation imposed on Carry Buck was completely discriminatory. I do not think the government should ever intervene and decide whodeserves to have kids. The only reason for a government to intervene in the procreation process is to limit the amount of kids a family can have. In 1979 the Chinese government imposed a new law that limited the population growth to one child per marriage (Rosenburg, 2011). China is still the world’s largest population with nearly 1.3 billion inhabitants. If the government had not taken measures to control the population over 30 years ago it is highly possible that the government would not have enjoyed the tremendous level of economic growth China has benefit from during the...
1 Pages(250 words)Assignment

DQ1 e-activity and DQ2 Competitive Advantage

...offered, which brings intense rivalry (Stafford & Stern, 2002, p. 135). Finally, other resellers and auctioneers that are not internet based pose the substitutes’ threat in the online auction industry. References Bajari, P., & Hortaçsu, A. (2004). Economic Insights from Internet Auctions. Journal of Economic Literature, 42(2), 457-486. Retrieved from Hill, C. W. L., & Jones, G. R. (2010). Strategic management theory: An integrated approach (9th ed.). Mason, OH: South-Western, Cengage Learning. Pinker, E. J., Seidmann, A., & Vakrat, Y, (2003). Managing Online Auctions: Current Business and Research Issues. Management Science, 49(11), Retrieved from...
2 Pages(500 words)Essay

On DQ1Diversification and Based on DQ2 PepsiCo

...industry. The XBOX 360 has taken a lot of market share away from Nintendo. Technological products are susceptible to being influence by innovation. An example of a technological product that has been constantly innovating is Apple’s iPhone. In six years the company has launched five versions of the product. All new versions have new innovative features. Innovation is often also found in luxury products. DQ2 PepsiCo is the 2nd largest player in the soda beverage industry. The company is behind the industry leader Coca-Cola. Coca-Cola has historically done a better job at marketing its brand globally which has helped the company maintain a higher customer retention rate. “One of the most important...
2 Pages(500 words)Essay

Initiate the Steps of Evidence Based Practice

...Evidence Based Practice in Nursing al Affiliation) Clinical practice based problem Evidence based practice is an approach that aims at solving problems in the health care delivery system. This approach integrates the patient care data and the studies containing cast evidences with the patient values or preferences and the clinician expertise. To succeed, evidence based practices in nursing should be delivered in a supportive organizational setting that highlights the context of caring (Evidence-Based Practice and Contextual Care, 2014). Through this, the outcomes of implementation often result in highest quality of health...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Based on DQ1 Potential Problems and Based on DQ2 Six Steps for FREE!

Contact Us