Kudler Fine Foods Reward System Case Study
Kudler Fine Foods is committed to designing and implementing an organizational reward system that will promote and incentivize the goals of the organization. Human Resources will examine the challenges in planning and administering a pay system which includes understanding economic and legal factors that determine pay levels, align compensation strategy to general business strategy, develop systematic pay structures, and address key policy issues (Casio, 2006). Kudler Fine Foods organization rewards system consists of three components including direct compensation, benefits, and employee assistance programs.
Pay System
Kudler Fine Foods pay system strategy involves developing a systematic process to assign a monetary value to each job …show more content…
All employees will be enrolled in a term life insurance policy fully paid by organization. Employees are eligible for a life insurance policy amount of one and half times their annual salary. Employee will be given the option to purchase additional life insurance. Kudler will negotiate with healthcare providers and organizations to control the cost of healthcare and to promote preventative care.
The Health Maintenance Organization (HMO) Program will coordinate with a specified group of doctors and hospitals to provide care. Employees are limited to only the specified groups or hospitals the HMO provides. The HMO plan offers no deductible, and copayment fees from $0 to $20 for visits depending on services performed. Employee also will be offered the option to seek their own healthcare providers outside the HMO program for an additional cost. A Preferred Provided Organization Program is also available to employees who want to visit their own doctor and hospital providers. There will a yearly family deductible of $500 and $250 for individual before any medical expenses are covered. The plans will pay 80% on care provided or performed within the preferred provider list. The plan will pay only $70 on care rendered outside the preferred provider
Pay System
Kudler Fine Foods pay system strategy involves developing a systematic process to assign a monetary value to each job …show more content…
All employees will be enrolled in a term life insurance policy fully paid by organization. Employees are eligible for a life insurance policy amount of one and half times their annual salary. Employee will be given the option to purchase additional life insurance. Kudler will negotiate with healthcare providers and organizations to control the cost of healthcare and to promote preventative care.
The Health Maintenance Organization (HMO) Program will coordinate with a specified group of doctors and hospitals to provide care. Employees are limited to only the specified groups or hospitals the HMO provides. The HMO plan offers no deductible, and copayment fees from $0 to $20 for visits depending on services performed. Employee also will be offered the option to seek their own healthcare providers outside the HMO program for an additional cost. A Preferred Provided Organization Program is also available to employees who want to visit their own doctor and hospital providers. There will a yearly family deductible of $500 and $250 for individual before any medical expenses are covered. The plans will pay 80% on care provided or performed within the preferred provider list. The plan will pay only $70 on care rendered outside the preferred provider