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Discuss the difference between monetary and non-monetary compensation in regard to incentives, rewards, and expectations of employees.
1. What legal issues should be considered when developing a reward program?
2. How does the diversity of the workforce affect the design of employee benefits packages in larger companies?
3. Critically evaluate a current or past employer in regard to total compensation. What do you recommend/propose for your organization (fictitious or real) for a compensation strategy (total reward plan)? As you are pondering these questions, keep in mind the average, executive, and international employee.
4. What are the risks and challenges the organization faces by implementing the plan you recommend?
5. Provide an example of ways in which it is effectively or ineffectively implemented. Elaborate upon and assess this situation.
There are many plans available online that are pertinent. If you use a plan from an online source or from your current organization, you must cite in text and provide the reference.
Must be at least 350 words and in APA format.
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