Search Our Essay Database

Essay Instructions: Retirement Plan Proposal and Communication Plan

You are an HR leader in a newly formed organization with 150 employees. Management has asked you to provide them with a proposal that describes two to three retirement plans that could be offered. In the proposal, you must identify specific requirements of the Employee Retirement Income Security Act of 1974 the organization would need to fulfill.


In addition to the proposal, management has asked you to design a communication plan that encourages employee participation for one of the proposed retirement plans. Resources: Assigned readings, ERRs, the Internet, and other resources

Prepare a proposal and communication plan of 1,400 to 1,750 words. In your communication plan, include components that encourage participation in the retirement plan. Answer the following questions:


? How will you communicate information to employees?

? How often will you communicate information to employees?

? What tools or methods will you use to communicate the plan?

? How will you overcome resistance to participation?

? How will you get employees to enroll?

? How will you communicate the plan to make it attractive?


Format your assignment consistent with APA guidelines.

Textbooks

Martocchio, J. J. (2009). Strategic compensation: A human resource management approach (5th ed.). Upper Saddle River, NJ: Pearson Education.



Milkovich, G. T., & Newman, J. M. (2008). Compensation (9th ed.). New York, NY: McGraw-Hill.

Essay Instructions: You are an HR leader in a newly formed organization with 150 employees. Management has asked you to provide them with a proposal that describes two to three retirement plans that could be offered. In the proposal, you must identify specific requirements of the Employee Retirement Income Security Act of 1974 the organization would need to fulfill.

In addition to the proposal, management has asked you to design a communication plan that encourages employee participation for one of the proposed retirement plans.
•
• Resources: Assigned readings, ERRs, the Internet, and other resources
•
Prepare a proposal and communication plan of 1,200 to 1,400 words. In your communication plan, include components that encourage participation in the retirement plan. Answer the following questions:

• How will you communicate information to employees?
• How often will you communicate information to employees?
• What tools or methods will you use to communicate the plan?
• How will you overcome resistance to participation?
• How will you get employees to enroll?
• How will you communicate the plan to make it attractive?

Format your assignment consistent with APA guidelines.

Essay Instructions: Create a comprehensive personal financial plan based upon current and future financial needs. This plan must include the following:
? Life expectancy planning
? Survivorship needs
? Lifestyle considerations
? Final disposition of assets
? Contingency allowances
The plan should be organized in the following manner:
1. Current and future income needs
2. Debt acquisition and retirement
3. Acquisition and disposal of personal assets
4. Emergency cash funds
5. Investment plan
6. Retirement plan
7. Estate plan
8. Tax Plan
Objective: ? Identify common income tax minimization strategies.


This instruction where given by the professor:
In you final draft be sure to give your asset allocation (percentage of stocks, bonds, and cash you would use to set up your retirement plan if you were to set it up now. You also need to include estate planning in your final draft. Please do a TVM calculation in your final draft to project how much money you can accumulate at retirement. A few notes...Any personal financial plan should start with a realistic estimation of the life expectancy of the individual. Survivorship needs should be considered for surviving dependents. How the individual wants to live in the golden years of retirement as well as when and how the individual's assets will be disposed of during retirement and after death should be included. No plan would be complete without some allowances for unforeseen contingencies such as accidents, illness, premature death, and/or job loss. Income sources, streams, and reliability must be evaluated for the long-term. How debt will be acquired and more importantly how debt will be retired (i.e. repaid) must also be examined. What income streams will be used to retire the debt? Personal assets such as cars, houses, clothing, jewelry, and investments need to be planned for both acquisition and disposition. Sources of emergency funds must be identified and allocated against unforeseen events. A comprehensive investment plan must be drawn up that can provide a source of current and future income. Retirement plans must take into consideration funding of the retirement period, lifestyle changes, and long-term care needs. A comprehensive estate plan must be formulated to allow the orderly transfer of assets to heirs. Create a comprehensive financial plan including life expectancy and survivorship planning. Create a comprehensive financial plan including lifestyle considerations. Create a comprehensive financial plan including disposition of assets and contingency allowances planning.

Essay Instructions: essay of 1,000 to 1,200 words using MLA, In-text citations. Essay should be written using third person. 4 references for MLA. Essay should be on how to save for retirement. Please do not use any US terms such as 401k plans. and no US statistics.