The concept of total rewards has finally moved from theory to reality. Employers see the value in integrating and communicating their workforce programs as part of their employee value proposition. A total rewards strategy can help organisations vary the size and allocation of their total budget in line with business needs, financial constraints and talent requirements. Employers can better align rewards with employee preferences to get the best value for their spend, promote specific behaviours and drive higher productivity. And they have the flexibility to segment and differentiate rewards for different employee groups or parts of their business.
- Is your organisation realising the value of a total rewards strategy?
- Are you seeing an appropriate return on your aggregate spend on all your workforce programs?