Part A. 600 words (Separate Word Document)
1. 300 words with 1 reference
What is the effect of a compensation package (benefits, salary, nonfinancial) on employee motivation and satisfaction? Provide example.
2. 300 words with 1 reference
What are legally required benefits and why are they required by law? Can any of these benefits be waived? Provide an example. Provide one additional benefit that should be made into a legally required benefit.
Part B. 1,500 words with 2+ reference (Separate Word Document)
Employees are the biggest asset and contribute to the culture and overall performance of the organization. The final part of this project requires you to determine how to leverage on the human capital within your organization.
Develop a final written proposal, discussing performance indicators, rewards and incentives, and a plan for motivating employees. Your proposal must include the following:
Employee: Bank Managers
Prepare this assignment according to the guidelines found in the APA Style Guide
Read “Creating a Smart Compensation Package,” by Massad, located on the Entrepreneur website.
Read “5 Simple Steps to Developing a Competitive Pay Practice,” located on the HR Morning website.
Read “Basic Strategic Pay Policies,” by Joyner, located on the Houston Chronicle website.
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