Journal Entry- HR Benefits Week 4 only

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OL 620 Total Rewards Sample Toolkit

Overview

Each week you will be assigned a different portion of the Toolkit to develop. At the end of the course, you will have sample policies from a variety of sources that cover a range of compensation and benefits practices. You will also share perspectives on the quality and value of these samples with your classmates through discussion board conversations. You are free to add these to a comprehensive toolkit for your own use.

Outcomes

To successfully complete this project, you will be expected to apply what you have learned in this course and should include several of the following course objectives:

· Survey wage and benefit administration practices

· Develop a “real world” understanding of wages and benefits administration

· Gain a greater appreciation of the ever-evolving nature of benefits and compensation

Main Elements and Format

Assume you are a consultant who has been called in to present a client with a sample of best practices as they relate to the types of compensation and benefits services that you can assist the client with.

1. Obtain relevant sample(s) of compensation and benefits policies/practices that you would consider illustrative of “best practices” for the assigned topic from the eight categories of the sample toolkit using the list provided (below). You must provide at least one example, but no more than two.

2. Complete the assigned blog post for each category in which you will provide a title, brief description, and a brief commentary on why you would consider these samples illustrative of a “best practice.”

3. Each week after you complete steps 1 and 2, you will post your sample(s) to the Total Rewards Sample Toolkit. This will create a substantial collection of samples that you can make use of.

Grading

Your sample kit will be graded on two dimensions:

· Quality of the sample you obtained

· Degree to which it is illustrative of the category

· Degree to which it is illustrative of a “best practice”

· Analysis of the sample(s)

· Explanation of the elements that make this a “best practice”

Deliverable Milestones

Milestone	Samples	Module Due
1	Time Off Policies (Paid and Unpaid) Includes all time away from work, paid and unpaid, such as vacation, holidays, sick and personal time, jury duty, bereavement, voting, FMLA, maternity/paternity leaves, military leave, sabbaticals, etc.	Two
2	Retirement Plans Includes pension, 401k, and 403b, among others	Three
3	Survivor/ Family Benefits Includes term life, AD&D, supplemental life, dependent life, and funeral arrangements, among others	Four
4	Liability Protection Typically voluntary programs such as group umbrella liability, travel, legal, automobile, home insurance, and tax preparation, among others	Five
5	Incentive Pay Philosophy and Plan Typically includes cash bonus, recognition, merit pay, equity-based rewards, and sales incentive plans, among others	Seven
6	Special Pay Topics May include pay for grievance time, clothing/tool allowances, call-back and reporting pay, shift differentials, weekend or holiday pay, and tuition reimbursement among others.	Eight

Work-Life Practices, Policies, and Benefits

Includes items like elder/child care, EAP, parking, transportation, fitness, work-sharing/telecommuting, relocation, and car/meal allowances, among others

Nine

Health Philosophy and Health Plan

Includes consumer-driven or paternalistic (HMO, PPO, etc.) plans. Includes items like dental, medical, vision, long-term care, Rx, in-house medical services, long- and short-term disability, and travel-accident insurance

Ten

Rubric

Approach these blogs as (a) an opportunity to reflect upon and apply what you learn each week based on the assigned readings, discussions, and activities, and (b) an opportunity to share your knowledge and expertise based on your educational and professional experiences in the past. As a successful professional, you will need good reflective and writing skills. Blog activities offer you the opportunity to further develop these skills.

Requirements of submission: When applicable, discipline-appropriate citations must be used.

Instructor Feedback : Students can find formative feedback for these assignments in the comments section of their blog.

Critical Elements

Exemplary

Proficient

Needs Improvement

Not Evident

Value

Content:

Integration and Application

Includes almost all of the main elements and requirements; almost all of the course concepts are correctly applied based on in-depth research

(23-25)

Includes most of the main elements and requirements; most of the course concepts are correctly applied based on research

(20-22)

Includes some of the main elements and requirements; few of the course concepts are correctly applied

(18-19)

Does not include any of the main elements and requirements; none of the course concepts are correctly applied

(0-17)

25

Organization

Blog post organizes almost all of the elements in a way that meets project requirements and is logical

(18-20)

Blog post organizes some of the elements in a way that meets project requirements and is logical

(16-17)

Blog post organizes very few of the elements in a way that meets project requirements and is logical

(14-15)

Blog post does not organize any of the elements in a way that meets project requirements and/or is in an illogical order

(0-13)

20

Inquiry and Analysis

Provides in-depth analysis that demonstrates complete understanding of multiple concepts

(23-25)

Provides in-depth analysis that demonstrates complete understanding of some concepts

(20-22)

Provides in-depth analysis that demonstrates complete understanding of minimal concepts

(18-19)

Does not provide in-depth analysis

(0-17)

25

Collaboration

Actively engaged the instructor with clarifying questions and effectively incorporated instructor feedback and suggestions

(18-20)

Effectively incorporated instructor feedback and suggestions

(16-17)

Minimally incorporated instructor feedback and suggestions

(14-15)

Did not effectively incorporate instructor feedback and suggestions

(0-13)

20

Writing

(Mechanics/Citations)

No errors related to organization, grammar and style, and citations

(9-10)

Minor errors related to organization, grammar and style, and citations

(8)

Some errors related to organization, grammar and style, and citations

(7)

Major errors related to organization, grammar and style, and citations

(0-6)

10

Earned Total:

Comments:

100

OL 620

Total Rewards

Sample Too

Overview

Each week you will be assigned a

different portion of the Toolk

it to develop.

At the end of the course, you will have sample policies from

a variety of sources that

cover a range of compensation and benefits p

ractices.

You will also share perspectives on the quality and value of these samples

with your clas

smates through

discussion board conversations

. You are free to add these to a

comprehensive toolkit for your own use.

Outcomes

To successfully complete this project, you will be expected to apply what you have learned in this course and should include

several of the following course

objectives:

Survey wage and benefit administrati

on practices

Develop a “real world” understanding of wages and benefits administration

Gain a greater appreciation of the ever

evolving nature of benefits and compensation

Main Elements and Format

Assume you are a consultant

who

has been called in to present a client with a sample of best practices as they relate to the types of compensation and benefi

services that yo

u can assist the client

with.

btain relevant sample

(s)

of compensation and benefits policies/practices that

you would consider i

llustrative of “best practices”

for

the assigned topic

from

the eight c

ategories

of the sample

tool

kit

using the list provided (below).

You must provide at least one example, but no more than two

Complete the

assigned

blog post

for each