Wk 2 Discussion – Compensation & Workforce Planning Answer

Posted on by

Navigation   » List of Schools, Subjects, and Courses  »  Org 535 – People and Organizations  »  Discussions  »  Wk 2 Discussion – Compensation & Workforce Planning  »  Wk 2 Discussion – Compensation & Workforce Planning Sample Answers

We are showing you only the excerpt of our answer. If you need help with the complete answer email us at

Wk 2 Discussion – Compensation & Workforce Planning

 

  • What is meant by a Total Rewards Strategy? What does it include and why is it important to align with the HR strategy? How can a company use benefits to improve engagement, productivity, and performance?
  • What is the workforce planning process? What does it include? Why is it important?

Need help with your discussion preparation?


Existing Clients Login here

Wk 2 Discussion – Compensation & Workforce Planning Answer

 

A total rewards strategy involves a program or a system that offers monetary and developmental rewards to employees who are able to achieve certain business/ company goals. This compensation system is particularly designed to not only attract, motivate, and retain the workforce but it similarly enables the company reach its objectives. Rewards may come in the form of monetary bonuses, additional time off, flexible working hours, recognition, and career opportunities among many others.

This question is taken from Org 535 – People and Organizations » Fall 2021 » Discussions