StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Elements of a total rewards communication program - Assignment Example

Comments (0) Cite this document
Summary
The management must analyze all options available before resorting to salary freeze and benefit reduction in the following calendar year. One of the reasons that justify this move by…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.3% of users find it useful
Elements of a total rewards communication program
Read TextPreview

Extract of sample "Elements of a total rewards communication program"

Elements of a Total Reward Communication Program Communicating a salary freeze It is vital to that salary freezeis a very desperate action by any organization. The management must analyze all options available before resorting to salary freeze and benefit reduction in the following calendar year. One of the reasons that justify this move by management is a shift from labor intensive mode of production to capital intensive mode of production. The other reason is when there is an absolute need to have cost cutting. This can emanate from low output per employee and increase in inefficiency of employees. The management shall be compelled to take this move in order to reduce the magnitude of lose which could arise from the inefficiency. The external force that shall necessitate this action by management is a decrease in demand for the company products. This directly impacts negatively on the company’s revenue thus there shall be no sufficient funds to pay the employees. Inflation can also result to such an action (WorldatWork (Organization), (2007).
When general prices increase, the commodity prices shoot up. This implies that the management shall have to spend more funds in purchasing materials, current operating expenses, replenishment of stock, research, marketing and sales expenses increase as well. This consequently reduces the retained earnings of the firm. Stiff competition from competitors and rival firms can result to drastic decrease of sales by the company which will lead to low returns hence reduction of salaries and benefits will be inevitable. The government rules and regulations can be too prohibitive for the company to uphold its echelon of presentation in market. This will also result into reduction in sales revenue hence reduction in the employees’ salaries and benefits (Pauley & Pauley, 2009).
2. Media choices
The elements of media choices required should be the most appropriate ones that ensure the objectives are achieved. One of the elements that should be employed is the use of graphics and themes which advocate for and complement the mission and values of the organizations. Another element is the use of specific colors, which communicate clear messages to anyone in the public domain. The use of certain words repetitively which philosophically highlight appropriate internal rewards for the employees. Furthermore, there should be internal reward branding that relates closely with the organization objectives, mission and culture. Branding constitutes packaging of benefits, compensation, performance and recognition into symbols. The use of graphics and themes is the hardest to evaluate with regard to the return on investment (WorldatWork (Organization), (2007).
References
WorldatWork (Organization). (2007). The WorldatWork handbook of compensation,
benefits & total rewards: A comprehensive guide for HR professionals. Chichester: Wiley.
Pauley, J. A., & Pauley, J. F. (2009). Communication: The key to effective leadership.
Milwaukee, Wis: ASQ Quality Press. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Elements of a total rewards communication program Assignment”, n.d.)
Elements of a total rewards communication program Assignment. Retrieved from https://studentshare.org/management/1606672-elements-of-a-total-rewards-communication-program
(Elements of a Total Rewards Communication Program Assignment)
Elements of a Total Rewards Communication Program Assignment. https://studentshare.org/management/1606672-elements-of-a-total-rewards-communication-program.
“Elements of a Total Rewards Communication Program Assignment”, n.d. https://studentshare.org/management/1606672-elements-of-a-total-rewards-communication-program.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Elements of a total rewards communication program

Total Rewards Programs

...environments. The following total rewards system proposal seeks to focus on the latest available information with regard to creating, organizing as well as effectively managing a total rewards program. The program is targeted for the ABC Company, a service-based organization that employs more than 20,000 located in 17 different countries. There are also over 2,000 management level employees who speak in diverse languages. In consideration of the multiple regulatory environments, a total rewards systems is proposed. Firstly, a brief overview of the company requirements for a total...
9 Pages(2250 words)Research Paper

Total Rewards Program Geico

...Geico Case Study Table of Contents 1.0 Total Rewards Program 3 1.1 Compensation 3 1.2 Benefits 3 1.3 Work-life 3 1.4 Performance & Recognition 4 1.5 Development & Career Opportunities 4 4 2.0 Case Analysis 4 2.1 Advantage 1 5 2.2 Advantage 2 & 3 5 2.3 Advantage 4 6 2.4 Advantage 5 6 3.0 Strategy Map 7 4.0 Effectiveness of Website Communication of Geico 8 5.0 Improvements for Geico’s Total Rewards Program 9 1.0 Total Rewards Program Research report shows that total reward program offers more benefits in contrast to...
5 Pages(1250 words)Case Study

Total Rewards Program

...of generalities although it covers a lot of areas or concerns, in terms of benefits. Other rewards for employees are not very specific, or lack sufficient details. One area for improvement is to spell out the details; another is to communicate clearly to sales agents and employees how the total rewards programs fits within the organizational culture and the firms overall corporate strategy (GEICO, 2013, p. 1). Further, the site should explain to the employees how benefits and rewards will help them, and emphasize the inherent values for everybody. In other words, state clearly “whats in it for them.” The firm can solicit feedback from...
5 Pages(1250 words)Case Study

Features of an Effective Total Rewards Program

...Features of an effective total rewards program Features of an effective total rewards program In a business organization, the sales and marketing department plays a crucial role in making sure that business runs smoothly. This is part of the organization that is in direct contact with the market. There is a need to treat this group of employees well in order to motivate them. This is done by having an effective total rewards program. This paper will describe some features of an effective total rewards program. First, the plan...
2 Pages(500 words)Essay

Geicos Total Rewards Program

... Geico’s Total Rewards Program Evaluation of the effectiveness of communication of Geico’s total rewards program based upon the Website’s descriptions of the benefits. I would like to point out that Geico’s total rewards program is effectively communicated in this web site. After going through it, I found out that it clearly and precisely shows all the rewards that are offered under this program. Thus, it becomes easier for each and every stakeholder or audience who is interested in knowing much about the benefits of...
5 Pages(1250 words)Coursework

Total Rewards System Proposal

...by the introduction of the performance management programs. Envision expects that with the introduction of the TRP system employees of the organisation would be able to relate to their target in a better manner. The performance management system can help the process of total reward system (Dixon, Hayes & Stack, 2004). It can aid the establishment of the right standards of performance of the employees. After analysis of the performance of the employees it would be easier to measure their ability to fulfil targets. Envision can judge the performance of the company and reward the employees in cash or kind. Analysis of the concepts of total...
5 Pages(1250 words)Essay

Design a Total Rewards program ( Coco Cola)

...employees, spreading the joy of the brand, supporting communities and preserving the planet (Foster, 2008). All these are aimed at creating a positive relationship with the employees and maintaining a professional workforce that is happy, satisfied and inspired to partake in the various duties that make the company a leading brand. To do so the company needed to develop a total rewards program to compensate the employees and provide benefits. Coca-Cola changes The company is more than a century old. This means that the brand’s products are growing old as the consumers grow tired of the same products. The reduced consumption of carbonated soft drinks that make up a...
10 Pages(2500 words)Research Paper

Communicating total rewards

...COMMUNICATING TOTAL REWARDS Chapters 9, 10 and 11 indicates that compensation is one the key elements of any organization. Compensation is viewed as one of the major drives towards employee or staff delivery. Based on this, it is necessary to ensure the development of compensation and benefit scheme covers important or major factors affecting employee well being or performance. A good compensation and benefits package should take note of important elements like skills and experience, job description, work conditions or environment and the nature of work. Consideration of these factor ensure an employee or individual is offered the right package...
2 Pages(500 words)Essay

Communicating Total Rewards

...rewards, benefits and total compensation information will be marketed to the prospective employees for various reasons. Firstly, the advertisement message will be designed to introduce the different total rewards, benefits and compensation programs offered. Monetary payments such as base wage/salary, variable pay, Piece-rate, commission and bonus will be quoted so as to convince prospective employees in joining the organization (Joe 2013). Also, legal benefits line social security’s as well as paid vacations and holidays will form an important part in persuading prospective employees join the organization. Means and time of...
2 Pages(500 words)Essay

Coca Cola Total Rewards Program

... be observed in their Total Rewards Program, which comprises of learning and growth, benefits, compensation, as well as work atmosphere (Coca-Cola Company, 2015a). The main rationale of this paper is to propose a Total Rewards program for the Coca Cola Company. The present mandatory capabilities and competencies of the business will also be taken into consideration. Further, recommendations will be provided for the total reward program along with the definite plans for communicating the changes if required any. The paper will also discuss the risks of not executing the program as well as the opportunities the program will provide to the Coca Cola Company. Background of the Coca Cola Company Goals and Objectives Objectives give... ...
10 Pages(2500 words)Term Paper
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 Elements of a total rewards communication program for FREE!

Contact Us