Can you explain the concept of total rewards in employee compensation, and how do you implement it within an organization ?
Can you explain the concept of total rewards in employee compensation, and how do you implement it within an organization ?
Can you explain the concept of total rewards in employee compensation, and how do you implement it within an organization ?
Total rewards encompass all elements of
compensation and benefits that employees receive in
exchange for their work. This includes not only base
salary but also bonuses, incentives, benefits, and non-
monetary rewards like recognition and professional
development opportunities. To implement a total
rewards approach, I work with cross-functional teams
to design comprehensive compensation packages that
consider both financial and non-financial aspects. This
approach enhances employee engagement, satisfaction,
and retention by recognizing and rewarding various
dimensions of employee contributions.