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Milestone Two

Milestone Two. Medtronic. Guidelines. 3 to 4 pages Title page with correct APA style header Running head: Assignment title Reference page Word document Double spacing 12-point Times New Roman Font At least three sources APA style citations. Guidelines. Critical Elements: Subheadings

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Milestone Two

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  1. Milestone Two Medtronic

  2. Guidelines • 3 to 4 pages • Title page with correct APA style header • Running head: Assignment title • Reference page • Word document • Double spacing • 12-point Times New Roman Font • At least three sources • APA style citations

  3. Guidelines Critical Elements: Subheadings • Misalignment, Differences & Gaps • Strengths& Weaknesses • Increased or Stay the Same • Analysis Reduced • Degree of Existing Population

  4. Context In Milestone One, you created the foundation for your final project. • Good News! There is no One right answer for the final project • Each of you will have different observations, ideas and opinions • Base your recommendations on the case study facts, supplement document and external research/references to support your analysis • The possibilities are endless! • Each critical element builds a foundation for the analysis of the next critical element

  5. Critical Elements Benefits and Compensation Analysis: Misalignment, Differences & Gaps: Determines areas of misalignment, differences, and gaps present in the current benefits and compensation system, based on the external benchmarking data. Examples: • Medtronic doesn’t offer vision coverage. Do you think this is a gap? • Medtronic goal is attract more employees to a consumer-driven option. Do you think the current costs of the plan encourage employees?

  6. Critical Elements Benefits and Compensation Analysis: Misalignment, Differences & Gaps: Determines areas of misalignment, differences, and gaps present in the current benefits and compensation system, based on the external benchmarking data. Examples Continued: • Any reactions to the contributions for part time employees? • Do you think Medtronic is more competitive or less competitive based on the comparisons provided? • Should Medtronic consider any of the strategies by Competitor A and/or Competitor B?

  7. Critical Elements Benefits and Compensation Analysis: Strengths & Weaknesses: Determines strengths and weaknesses present in the current benefits and compensation system, based on previous analysis, justifying response. This critical element will build on the points for the previous critical element titled: Misalignment, Differences and Gaps • Review your analysis for the first critical element in Milestone Two. • What differences have you noticed? • What judgements are you making about the misalignments, differences and gaps? What are strengths and what are weaknesses? • Be sure to support your analysis with case study facts, supplement facts and external research!

  8. Critical Elements Benefits and Compensation Analysis: Increased or Stay the Same Determines reward components that should be increase or stay the same, providing rationale. Based upon the strengths and weaknesses analyzed and identified in the previous critical element • Make specific recommendations of increase or stay (recommendations for decreasing is required for the next critical element) • Be sure to support your analysis with case study facts, supplement facts and external research!

  9. Critical Elements Benefits and Compensation Analysis: Benefits to Reduce Determines reward components that should be reduced, providing rationale. Based upon the strengths and weaknesses analyzed and identified in the second critical element titled: Strengths and Weaknesses • Make specific recommendations • Be sure to support your analysis with case study facts, supplement facts and external research!

  10. Critical Elements Benefits and Compensation Analysis: Degree of Existing Population Compare qualitative input data and quantitative analysis with the organization’s employee demographic data to determine the degree of the existing population that will be affected by the proposed changes Think about the changes you recommend making: • Use the supplement information to determine the degree of population that will be impacted • The supplement documents provides information on the number of employees enrolled in each plan, and some demographic information on the Medtronic workforce

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