What role do budget constraints play in corporate social responsibility?
Based on your experience developing a Total Rewards strategy for this course, what advice would you give HR professionals when undertaking such a task, e.g., what guiding principles should they be aware of? How much time should they allot for such an endeavor? What resources will they need to accomplish this?
Examine the role of ethics and corporate social responsibility and its influence on the development of Total Rewards for an organization.
For example: How might CSR influence a company’s interpretation of employee pay?
What role do budget constraints play in corporate social responsibility?
WealthManagement.com. (2011). Ethics vs. compensation. https://www.wealthmanagement.com/blog/ethics-vs-compensation
Bistrong, R. (2016). Ethics and incentive compensation: A ticking time bomb. Corporate Compliance Insights. https://www.corporatecomplianceinsights.com/ethics-and-incentive-compensation-a-ticking-time-bomb/
Kim, E. (2018, June 6). Internal Microsoft poll shows employees are less satisfied with pay as battle for tech talent heats up. CNBC. https://www.cnbc.com/2018/06/06/microsoft-employees-feel-underpaid-and-not-fully-rewarded.html
Wilson, T. B. (n.d.). Total rewards strategy: What’s your philosophy? Wilson Group. https://www.wilsongroup.com/wp-content/uploads/2011/03/TotalRewardsStrategy_June2008.pdf
Double the Donation. (n.d.). Corporate social responsibility: The definitive guide. https://doublethedonation.com/tips/corporate-social-responsibility/
Riley, L. (2019). Complete guide to HR strategy: Total reward management (With examples). ICS Learn. https://www.icslearn.co.uk/blog/posts/2019/june/complete-guide-to-hr-strategy-total-reward-management-with-examples/
