Institiution:
Visual Representation of The Total RewardS Program
This analysis the initial part of the program model since it assists in making clear and elaborate the existing condition. This will lead to the identification of the best rewards system that I best suited for the organization. This comes as the initial stage so as to;
- Minimize incomplete information
- Assume compliance with the law
- Increase credibility with the management
Design
This stage follows the corporate’s objective, mission, vision and strategy. The HR’s philosophy uses this as the yard stick in the design of all programs. Therefore, from the design of this strategy, practices, strategies are created within the facets of the total rewards.
Develop
The successful completion of a rewards program is through following the steps constituted in the development process. Hence, this comes after the program’s design. This development highlights;
- The purpose or objective
- Suitability of individual participants in the program
- The creation of a baseline of measurement of goals
In addition, this sets the course of action and provides a timeline for the implementation of the program.
Implementation
This is the definite basis of the program process application. This only appears after the program has undergone the above listed steps and in it involves an initial subject group testing following by real application.
Communicate
After the development of the rewards program individuals or participants need to be made aware of the program’s function so as to understand the entire plan. This creates a high performance organization.
Evaluate
This is the score card given to the developed program and it is aimed at discovering the differences it was intended to make and the variations from the previous system to see the improvement. This definitely occurs as the final stage in the process as it culminates in a report of the entire program.
References
Manas, T. M., & Graham, M. D. (2003). Creating a total rewards strategy: A toolkit for designing business-based plans. New York: American Management Association.
WorldatWork (Organization). (2007). The WorldatWork handbook of compensation, benefits & total rewards: A comprehensive guide for HR professionals. Hoboken, N.J: John Wiley & Sons.
Rogers, S., & Marcotte, S. (2010). Communicating Total Rewards: How-To Series for the HR Professional. Scottsdale: WorldatWork Press.
