Transcription of Total Rewards in Action:Developing a Total R
{{id}} {{{paragraph}}}
Example: air traffic controller
Total Rewards in Action:Developing a Total R
32 August 2005 Benefits & Compensation DigestWhat Are Total Rewards ?The concept of Total Rewards em-braces everything employees valuein their employment holistic concept is driven by thechanging perspective of employees andwhat they concept integrates four major cat-egories of Rewards :1. Compensation2. Benefits3. Development4. Work pay, in-centives (both short term and long term,including equity) and monetary recogni-tion programs. Benefitsinclude health andwelfare, retirement and capital accumula-tion programs, as well as a wide variety ofspecialty programs such as child-care re-sources, fitness centers, concierge servicesand everything in between. Developmentrelates to programs that promote learningTotal Rewards in Action: Developing a Total RToday, the term Total Rewards is common, but that wasn t always the case. In fact, asfew as ten years ago, many people would not have recognized the terminology. Thechallenge of attracting and retaining talent amid changing demographics and intensecompetition has led employers to finally recognize what employees have been saying forawhile It s not about pay only.
32 August 2005 • www.ifebp.org • Benefits & Compensation Digest What Are Total Rewards? T he concept of total rewards em-braces everything employees value in their employment relationship.
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: