For CapraTek management, write a 3-4 page report for a benefits structure that is commensurate with job classifications.

Introduction

The challenge for this assessment is to create a benefits structure that includes both legally required and discretionary benefits, taking into consideration an overall total rewards strategy for an organization. This should include an alignment with your pay structure. Individual and organizational performance should be evaluated. 

Preparation

The HRM professional or compensation expert should have the ability to strategically manage the compensation for a flexible workforce. Because your previous work has been well received by management and you are viewed as a "rising star," your manager has asked you to expand on your work and develop a 3–4 page benefits structure report for CapraTek commensurate with job classifications.

CapraTek

CapraTek is a virtual technology company. The assessment is based on the CapraTek scenarios.

• CapraTek Key Issues and Initial Analysis.
  • This simulation walks you through identifying key issues that will affect a strategic compensation plan and analyzing the basic organizational information necessary to make decisions and recommendations about a strategic compensation plan.
• CapraTek: Strategic Pay Structures.
  • Get the perspective of CapraTek employees and determine the elements needed for a strategic pay structure.

Assessment Instructions

To complete this HR challenge, write a 3–4 page benefits structure report. This report must be written in the third person, adhering to conventions of academic tone.

Organize your 3–4 page benefits structure report using the following headings:

Benefits Structure

• Construct a benefits structure for CapraTek, including legally required benefits, retirement plans, and discretionary benefits.

Alignment to Pay Structure

• Validate the alignment of your benefits plan to your pay structure.

Evaluation

• Evaluate strategy considerations, including individual and organizational performance and the overall total rewards.

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