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Total Rewards

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Using the attached business strategy for the fictitious Hands of Care Medical Facility, create a total rewards strategy that describes the strategy for total rewards for the company. The strategy should discuss: Meet, Lead, or Lag?
· Determine your company’s strategy to lead, meet, or lag the market for total rewards and key positions.
Equity Strategy
Determine the decision to base wage on internal structural equity or external market equity.
Wage incentive method
Review the decision mix between base wage and incentive wage.
Linkage to performance management
Develop a mix of employee benefits that differentiate in the market.

Sample Solution

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