Transcription of Total Rewards Model - CSAE
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Total Rewards Model - CSAE
1 a l Rewards ModelA Framework for Strategies to Attract, Motivate and Retain EmployeesWorldatWork Total Rewards Model 32 Compensation Benefits Work-Life Performance and Recognition Development and Career Opportunities= Leveraging Five Elements to Attract, Motivate, Retain Business strategy Organizational culture HR strategy External influences (competition, industry, regulation, etc.) Geography (location of workforce)Context of Total RewardsEmployee provides: Time, talent, efforts and resultsEmployer provides: Total Rewards valued by employeesThe Exchange RelationshipTotal Rewards StrategyDedicated to Knowledge Leadership in Total RewardsDuring the past several years, the concept of Total Rewards has advanced considerably.
4 www.worldatwork.org/totalrewards WorldatWork Total Rewards Model 5 Pay provided by an employer to an employee for services rendered (i.e. time, effort and skill ...
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