Description

Total Rewards is a concept that describes all the tools available to an employer that may be used to attract, motivate and retain employees. To an employee or candidate seeking new employment, the notion of total rewards includes perceived value as a result of the employment relationship.

 

Benefits of a total rewards approach

  • A persuasive recruitment tool. ...
  • Increased awareness of all the benefits the employer provides. ...
  • Higher employee retention rates. ...
  • Improved performance and productivity. ...
  • Building a total rewards program. ...
  • Communicating the program to employees. ...
  • Evaluating the success of the program.

Total reward is compensation benefits and careers, encompassing training and development. ... "Total reward has two parts; in its purest form it's the entire package of benefits, such as finance, pay, bonuses, cars; employee recognition, opportunities, quality of working life and other non-financial elements.

Events