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. Practitioners have experienced the power of leveraging multiple factors to attract, motivate and retain talent; high-performing companies realize that their proprietary Total Rewards programs allow them to excel in new ways.
1 www.worldatwork.org/totalrewards www.worldatwork.org Total Rewards Model A Framework for Strategies to Attract, Motivate and Retain Employees
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