The

Rewards

System
(Total Rewards)

Group 16
Villaruel
Ogang
Delos Santos
The rewards

systems are the

financial and

non-financial

tools to attract,

motivate, and

retain

employees.
 Internal

External
Total rewards

influences:

influences:
strategy: Six

Business strategy,

Industry and
elements of

organizational

geographic area
total rewards

culture and

in which the
that define an

human resource

organization
organization's

strategy that

competes for
program.
drive total reward

talent.
decisions.

SIX ELEMENTS OF TOTAL

REWARDS:

Performance and recognition.

Work/life balance.
Organisational culture.
Employee development and

career opportunities.
Business strategy.
Human resource strategy.
 TRADITIONAL

METHODS OF

ADMINISTERING

PAY
1

Base Pay
is the initial

salary paid to an

employee in

exchange for

services
2

Merit Pay
is typically tied to

some

predetermined

criteria.
also called

incentives or pay-

for-performance
 Key Factors

Types of
Distribution
Desired

Rewards Criteria Outcome

Financial Attract
Results

Motivate
Non-
Attitude
Financial
Other Develop and

Factors Satisfy
 FINANCIAL

REWARDS
all financial means of

pay provided by an

Employer to an

Employee in return for

their individual effort

and contribution, skills,

and work done.

NON - FINANCIAL

REWARDS
the types of rewards

that are not a part of

an employee's pay but

carry significant

weight.
 Present Nominational

Acknowledgement
Formal or Informal praise Travel/Retail Vouchers Based Schemes
and public appreciation Recreational Facilities, Giving of trophies,

and other special
Certificates,

experiences a company
Momentos,

gives it employees Staff Achievement

Awards,


etc.

Some of the benefits of rewards to

organizations are:

Retention
Cost Efficiency
Contributes to a strong, positive company
culture
Builds a good reputation

and a whole lot more.