4/29/24, 9:49 PM D355 Task 1 - Task 1
D355 TASK 1: TOTAL REWARDS STRATEGY
BENEFITS
INTRODUCTION
A competitive total rewards plan is essential to attracting quality talent and
personnel who can contribute to the success of an organization. An effective total
rewards plan includes both compensation and benefits.
In this task you will create a market research-based total rewards strategy that
includes a detailed compensation plan for a fictional business called The Bravo
Center. This will be essential for a revitalizing organization, like The Bravo Center,
whose new owners have committed their efforts to making the organization a
success. Refer to the attached scenario and market research document to guide
your work.
SCENARIO
See the attached "The Bravo Center Scenario."
A. Create a total rewards strategy based on a lead, lag, or match approach to
the market competition that supports the organizational goals by doing the
following ttsee the attached "The Bravo Center Scenario" for organizational
goals):
1. Based on external market research ttprovided in the attached “Market
Research Data” document), internal equity, or the needs of the
organization, explain how your total rewards strategy will lead the market,
lag the market, or match the market, including a justification for your
decision.
The Bravo center has struggled in the past and is trying to rebuild. Therefore, the
greatest total rewards strategy is for them to lead the market. By leading the
market, the Bravo Center will be able to show that they offer competitive pay,
which will bring new and strong candidates to the company.
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, 4/29/24, 9:49 PM D355 Task 1 - Task 1
ff. Explain how your total rewards strategy supports the following two goals:
• recruitment of understaffed sections of the organization
• retention of understaffed sections of the organization
The Bravo Cener is rebuilding and hires up to 100 employees. The lead market is
the best strategy for compensation, as employees want to know that they are
more than just a stat or number, they want to know not only know they are
appreciated but that appreciation is shown. With greater salary the employees at
the Bravo Center will know that they will be paid well for their hard work and that
the company truly appreciates them.
ff. Provide the total rewards mix of base pay, variable pay, and benefits and
explain the factors that influenced your choices.
Compensation Benefits including Intangible ttnot
including Base Pay and Legally Required and required) _ff0 %
Variable 50_% Discretionary _30 %
To have a high retention rate and good impressions regarding a good place to
work, the company should have a higher base pay and benefits with lower
variance pay. A competitive base pay will show that the employees are paid for
their hard work and truly appreciated and valued. Also having comprehensive
benefits will show employees that the company care about their health and
wellness. This will also lead to retention and positive attention. Employees do love
having variable pay such as bonuses, it will incentivize them to go above and
beyond.
B. Create a compensation plan by doing the following:
1. Provide your pay mix for each job category in the organization.
Department # of Personnel Base Pay Variable
Executive 5 90%
Administrative 10 80%
Facilities 5 90%
Management
Grounds 1 manager, 2 85%
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D355 TASK 1: TOTAL REWARDS STRATEGY
BENEFITS
INTRODUCTION
A competitive total rewards plan is essential to attracting quality talent and
personnel who can contribute to the success of an organization. An effective total
rewards plan includes both compensation and benefits.
In this task you will create a market research-based total rewards strategy that
includes a detailed compensation plan for a fictional business called The Bravo
Center. This will be essential for a revitalizing organization, like The Bravo Center,
whose new owners have committed their efforts to making the organization a
success. Refer to the attached scenario and market research document to guide
your work.
SCENARIO
See the attached "The Bravo Center Scenario."
A. Create a total rewards strategy based on a lead, lag, or match approach to
the market competition that supports the organizational goals by doing the
following ttsee the attached "The Bravo Center Scenario" for organizational
goals):
1. Based on external market research ttprovided in the attached “Market
Research Data” document), internal equity, or the needs of the
organization, explain how your total rewards strategy will lead the market,
lag the market, or match the market, including a justification for your
decision.
The Bravo center has struggled in the past and is trying to rebuild. Therefore, the
greatest total rewards strategy is for them to lead the market. By leading the
market, the Bravo Center will be able to show that they offer competitive pay,
which will bring new and strong candidates to the company.
about:blank mailto:https://www.stuvia.com/user/Wisdoms 1/6
, 4/29/24, 9:49 PM D355 Task 1 - Task 1
ff. Explain how your total rewards strategy supports the following two goals:
• recruitment of understaffed sections of the organization
• retention of understaffed sections of the organization
The Bravo Cener is rebuilding and hires up to 100 employees. The lead market is
the best strategy for compensation, as employees want to know that they are
more than just a stat or number, they want to know not only know they are
appreciated but that appreciation is shown. With greater salary the employees at
the Bravo Center will know that they will be paid well for their hard work and that
the company truly appreciates them.
ff. Provide the total rewards mix of base pay, variable pay, and benefits and
explain the factors that influenced your choices.
Compensation Benefits including Intangible ttnot
including Base Pay and Legally Required and required) _ff0 %
Variable 50_% Discretionary _30 %
To have a high retention rate and good impressions regarding a good place to
work, the company should have a higher base pay and benefits with lower
variance pay. A competitive base pay will show that the employees are paid for
their hard work and truly appreciated and valued. Also having comprehensive
benefits will show employees that the company care about their health and
wellness. This will also lead to retention and positive attention. Employees do love
having variable pay such as bonuses, it will incentivize them to go above and
beyond.
B. Create a compensation plan by doing the following:
1. Provide your pay mix for each job category in the organization.
Department # of Personnel Base Pay Variable
Executive 5 90%
Administrative 10 80%
Facilities 5 90%
Management
Grounds 1 manager, 2 85%
about:blank mailto:https://www.stuvia.com/user/Wisdoms 2/6
