Hr Discussion

Total Rewards Knowledge 7: Planning Benefits Strategically

Internal and external forces will greatly impact organizational strategies and this is also the case with strategies for planning employee benefits. On page 484 of the textbook, review the list of internal forces that influence benefit strategy and select any 2 that you feel might have the greatest influence and explain why. Then, select 1 external force influencing benefits strategy with the greatest influence and also explain why.

pg 484 list of internal and external  forces:

internal:

unions

cost managament

corporate restructuring

total rewards philsophy

business re engineering and the quality movement

external:

global economy and labor market 

political and legal environment

the information revolution