Do you use monetary incentives, nonmonetary incentives, or a mix of both? What outcomes have you observed from each type of incentive in your organization?
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The Final Paper (30%)
In this final assignment, you will design a total rewards program based on the organization that you have studied earlier in the course (and made two presentations about) Wal-Mart was the organization used.
Before creating the final projected total rewards program, you will have conducted a research project in which you have obtained thorough and detailed information about organizational goals, objectives, and challenges for Wal-Mart. In addition, you will have obtained information about the current monetary and non-monetary rewards and work environment of the organization and the challenges or changes (such as expansions, downsizing, changes of services or products) the Wal-mart organization anticipates. You will have also designed metrics to evaluate the total rewards program.
In the final paper, you will provide the research findings in a report of at least 10 pages plus a title page, reference page, and appendix. Note that the timeline is graded separately. Provide at least eight sources (in APA format) in a reference list and respective in-text citations. All sources must be USA and the most current (2010 on newer). Please be sure to use topic headings and include the following:
1. Provide a Title Page in Academic Format
2. Give the Introduction and Purpose for the Paper
3. Summarize and describe Wal-mart the organization, including its capabilities, key goals, objectives, challenges, values, and core competencies required for success.
4. Show your knowledge of the total rewards model by describing the current total rewards philosophy of the organization and its three categories of offerings.
5. Identify and describe the segmentation of the workforce (drawing up our study of how to differentiate employee groups depending on their drivers, such as flexible schedules, growth potential, desire for demonstrating individual expertise or team success, low obligation and easy income, or high obligation and high income).
6. Describe further the current requisite capabilities of the organization and the competencies (knowledge, skills, and abilities) of the employees and, in your opinion, an analysis of whether the current needs will change given the issues faced by the organization.
7. Recommend changes to the total rewards program, along with specific plans, including plans for communicating the changes and metrics that should be used by the organization to evaluate the success of the new program.
8. Present the justification for your recommendations.
9. Assess and discuss the risks of not implementing the program and the opportunities the program will give the organization.
10. Provide your metrics for evaluating the total rewards program and share why you chose the ones you did.
11. Present a general explanation for the timeline for implementation (to be presented in a table or graph format) in the timeline portion of the paper.
12. Describe your conclusions and a summary of knowledge gained about total rewards through the activity.
13. Reference Page (with at least 8 scholarly sources)
Timeline for Implementation
To supplement the final paper, you will develop an action plan for implementing the recommendations for the total rewards program. You are encouraged to use a Gantt chart or Pert or similar graphic to display a timeline and the interdependence or sequence of the activities.
A good action plan contains specific and quantifiable steps; the order in which those steps are to be taken; the individuals responsible for each step; the individuals responsible for overall segments as applicable; the required resources for each step; and the funding sources as applicable.
The timeline adds to the presentation/paper and aids in the identification of success measures and issues/problems encountered and overcome.
Most employers are looking for ways to maximize employee productivity and efficiency. But how can employees be motivated to work toward this goal? Some say it can’t be done, that motivation is intrinsic and therefore, nearly impossible to influence through external means. Others say that there are plenty of ways to improve employee motivation and the key is finding what the employee values.