Regarding your business strategy

  Consider how you answered the questions regarding your business strategy, your compensation objectives, your company’s values, the factors that shape your company’s external competitiveness, and your competitive pay policy, as well as your internal pay structure and hierarchy. You have essentially begun the process of designing your company’s total compensation policies. With the information you have already built about your company, answer the following questions to complete your total rewards design: 1) What behaviors do you want to reinforce in your company? Why are these behaviors important? How will you link behaviors to performance? 2) What type of pay mix would you design for your company? a) Discuss base pay increases (merit, COLA, promotions) that would best fit your company. What (if any) would you implement and why (How will this HRM307 – Compensation & Benefits Case Study 3 Copyright Post University 2022, All Rights Reserved improve performance)? What are the implications for the company and its Discuss individual variable pay incentives that would best fit your company. Be specific. What (if any) type would you implement and why (How will these incentives improve performance)? c) Discuss team incentives that would best fit your company. Be specific. What (if any) type would you implement and why (How will these incentives improve performance)? 3) What type of performance appraisal would best fit your company and why? 4) What benefits would be important to your employee population? What and how would you offer them and why? 5) What other total rewards strategies would you like to implement in your company that have not been identified above that would best fit your unique organization?