Tuesday, February 25, 2020

Human Resources - Total Rewards Assignment Example | Topics and Well Written Essays - 1000 words

Human Resources - Total Rewards - Assignment Example The specific choice of the entertainment industry is justified as this is one of the most happening sectors, undergoing change and the players are growing more and more competitive to gain a larger share of the market pie. Such a dynamic workplace also demands to attract equally energetic and vibrant workforce. Compensation and benefits, reflected by the total rewards package is primary force of motivation in this regard, as it helps catch the attention of right candidates. Health benefits cover medical, psychological, eye-related, dental and prescribed drugs, Disney Health Pursuits Wellness, insurance for life, accident, disability, care etc and Healthcare and Dependent Day Care Flexible Spending Accounts Career development programs such as Chairman’s leadership program, Next Generation chairman’s program, Breakthrough leadership program, Time for tomorrow, Non-profit board leadership, digital insights, leading to results Providing the supporting network and resources for the career development of employees is in a way making them contribute their best to the organisation, which in turn leads to consumer delight, as only happy employees can make the customers happy. Delivering products of high quality is certainly in the hands of employees, especially in the entertainment industry. According to such a respect and status to employees through Time Warner’s Employee First philosophy and benefits programs certainly facilitates the staff to deliver the quality. Compensation strategy supports the mission statement by warding off all the work and personal concerns of the employees and helping them stay career focused and pursue their passion for entertaining the audience As the company aspires to create dynamic products, it keeps the employees conversant with these products through the training programs. While the benefits package takes care of the employee concerns about family health, holidays, working hours and social responsibility, the staff can concentrate on innovation and be improving the quality of life of customers by the way of entertainment.     

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