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
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