Explain the basic steps of designing a total rewards philosophy.

EXPLAIN THE BASIC STEPS OF DESIGNING A TOTAL REWARDS PHILOSOPHY.

FINC 331
Interest rates are the “cost” of money charged to borrowers and we look at what factors make up an interest rate this week.
STUDY:
Nominal vs Real interest rates
Stated vs APR interest rates
Stated vs Coupon rates
Effect of compounding
Bonds, Bond Valuation, Bond ratings
Risk and return and risk & return trade off
READ:
1)      Module 2: Financial Securities  (Content>Course Resources>Financial Securities Module)
a)      Financial Risk and Return
b)      Valuation and Characteristics of Bonds
 
2)      Course Text : Boundless Finance Online Text
(A PDF of the Boundless course textbook may also be found in Leo under Content > Syllabus)
a)        Chapter 6:  Bond Valuation
 
3)      TeachMeFinance.com – read topics:
a)     Kinds of Interest,  http://www.teachmefinance.com/kindsofinterestrates.html
b)     Bond Valuation, http://www.teachmefinance.com/bondvaluation.html
TO DO:
Participate in the Weekly Discussion
Problem Set in ‘Homework’ #4 – My Tools/ Quizzes & Exams/ Finc 331 Homework Week 4
Check out Alaina Mackin’s file called  FINC 331 Week 4 Homework Hints.pptx
Begin Work on Group Paper
Discussion
Do bonds have a place in your portfolio? Explain your logic. Some considerations to touch on: time horizon, risk tolerance, and return objective.
HRMN 395
Week 4: Designing and Implementing a Total Rewards Program
Objectives:
After completing this week, you should be able to:
1.  Explain the basic steps of designing a total rewards philosophy.
2.  Demonstrate why segmentation of the workforce is integral to the design of total rewards.
3.  Describe the implementation process of a total rewards approach to compensation management.
4.  List the levels, types, and components of communication to successfully market the total rewards philosophy.
Read:
Module 4 Designing and Implementing a Total Rewards Program (found below)
Designing and Managing Incentive Compensation Programs
How to Design an Employee Benefits Program
Do:
Go to the discussion questions and post initial answers and value added responses to classmates by Sunday 11:59 p.m.
Take the Self Assessment for module 4.
Reminder: The second assignment is due next week!
Discussion #1
After reviewing the reading material about the terms differentiation and segmentation, share an example in your own organization of how employees are differentiated or segmented.
In addition, share how your organization differentiates itself from its competitors (competitors for employees).
Use a minimum of one reference to support your discussion and interact with at least two classmates.
Discussion #2: Midterm Check
We are at the mid-point in our course!
Please provide feedback on how you are progressing toward the learning outcomes stated for the course. Share, in addition, a tip or recommendation you have for the rest of the class for staying focused, organized and successful for the rest of the course.
You don’t need to interact and you don’t need a reference.
 

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