How to develop a total reward strategy
The objective of a total reward approach is to drive desired behaviours in an organization’s workforce that will ensure the organization’s success.
Total Reward is about more than just pay and includes fixed and variable remuneration, benefits such as medical aid, retirement funds and study bursaries as well as other aspects of reward such as work-life balance, performance and recognition, development and career opportunities.
The challenge in developing a total reward strategy is to find the proper mix of reward mechanisms at the different levels in the organization to satisfy the financial and personal needs and preferences of employees.
This how-to guide outlines key points to consider in developing a Total Reward Strategy for your organisation.
Click here to download the How to Guide to Developing a Total Reward Strategy (PDF)
