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Assess Current Compensation Trends

Make a presentation for preparing managers to evaluate the total compensation programs that are likely to be needed in the workplace over the next ten years.

- Incorporate at least three journal articles or publications which may provide some insights into the future requirements for effective pay programs.
- Address pay equity in organizations, and the audience will be your senior management and a few staff members.
- The multi-generational workforce, along with more work-life balance demands by workers, may also influence future pay programs. Imagine that you are giving the presentation to senior management.

Length: 10-15 slides

Notes Length: 150-200 words for each slide.

Attachments

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Team-Based Compensation. Periodical By: Caruth, Donald L.; Caruth, Gail D. Priest. Oct2013, Vol. 69 Issue 10, p43-46. 3p.

Workplace benefits of the future. Periodical By: Calnan, Marianne. Employee Benefits. 7/10/2015, p1-1. 1p.

Employee award or hidden compensation? IRS scrutinizes tax status of awards programs. Periodical HR Specialist. Jan2010, Vol. 8 Issue 1, p4-4. 1/3p. Abstract

Make a presentation for preparing managers to evaluate the total compensation programs that are likely to be needed in the workplace over the next ten years.

the future requirements for effective pay programs.

In regard to requirements for pay programs in the future, companies will need to work in tandem with employees to determine the most meaningful programs that can be implemented by the organization. This requires involving the employee in the decision-making process for the rewards programs wherein the company continuously engages in ongoing communication predicated upon the different reward options that will enable the organization to sufficiently align their rewards with employee performance. Future programs will focus on differentiated compensation wherein flexible rewards and benefits are driven by performance data that is incorporated within the program to establish a compensation management approach that allows for budgeting and compensation decisions to work hand in hand. Managers must work with employees to develop individualized goals that will allow the employee to establish the necessary skills that will meet the future needs of the organization as well as the needs of the employee. This rewards the organization and the employee while advancing the company as well as the employee's ...

Solution Summary

The expert assess current compensation trends. The total compensation programs that are likely to be needed in the workplace over the next ten years is determined.

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