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Understanding Total Rewards Framework

Total rewards encompass all tools an employer can use to attract, motivate, and retain employees, including compensation, benefits, professional development, recognition, and work-life balance. The strategy involves assessment, design, implementation, and execution while considering factors like performance, satisfaction, fairness, and legal compliance. Ultimately, an effective total rewards strategy aims to enhance employee engagement, retention, and overall business performance.

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dana chua
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104 views11 pages

Understanding Total Rewards Framework

Total rewards encompass all tools an employer can use to attract, motivate, and retain employees, including compensation, benefits, professional development, recognition, and work-life balance. The strategy involves assessment, design, implementation, and execution while considering factors like performance, satisfaction, fairness, and legal compliance. Ultimately, an effective total rewards strategy aims to enhance employee engagement, retention, and overall business performance.

Uploaded by

dana chua
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

HOW DO YOU DEFINE TOTAL

REWARDS?
WHAT IS TOTAL REWARDS?

• A CONCEPT THAT DESCRIBES ALL THE TOOLS AVAILABLE


TO AN EMPLOYER THAT MAY BE USED TO ATTRACT, MOTIVATE
AND RETAIN EMPLOYEES
WHY?

Attracting Top Talent

Employee satisfaction and Employee Engagement

Employee Retention

Competitiveness

Improved Business Performance


Compensation

Benefits
ELEMENTS
OF TOTAL Professional Development
REWARDS Recognition

Work-Life Balance
THE
HOLISTIC
VIEW
TOTAL REWARDS STRATEGY

1. Assessment 2. Design

4.
3. Execution
Implementation
Team vs individual performance

Attraction and retention

KEEP IN Satisfaction and fairness


MIND!
Cost and efficiency

Legal compliance
• MANAGED RECRUITMENT SERVICE
• MANAGED PAYROLL SERVICE
• IN-HOUSE AND PUBLIC WORKSHOPS AND WEBINARS
• HR CONSULTANCY
www.uprush-sg.com
• TALENT PULSE
www.readywritenow.com
Thank You!

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