Total rewards, originally introduced in 2000, has evolved to
depict the strategic elements of the employer-...
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General Management
Total rewards, originally introduced in 2000, has evolved todepict the strategic elements of the employer- employee exchange aswell as to reflect how external influences and an increasinglyglobal business environment affect attraction, motivation,retention and engagement.
1. Describe the elements to a competitive and desirable totalrewards system.
2. How will this concept assist a company to achieve theirstrategic goals?
3. Discuss the perspectives and the challenges of balancing aglobal workforce.
4. What generational considerations need to be addressed in2016?
5. What external influences affect a Total Rewardssystem?
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1 The total reward system is a system prevailing in the organization which involves all the approaches taken by the management to recruit motivate and retain the employees in the work place The elements of the total reward system includes the following Compensation Reasonable compensation which are competitive in the market can motivate employees to be loyal and productive Benefits Provision of benefits and non monetary rewards can motivate and retain employees Professional
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