The alignment and assessment of organizational, team and individual efforts towards the achievement of business goals.
Acknowledges or gives special attention to employee efforts or positive performance. It meets an intrinsic psychological need for appreciation and can support business strategy by reinforcing certain behaviors that contribute to organizational success. Awards can be cash or non-cash (e.g., verbal recognition, trophies, certificates, plaques, dinners, tickets, etc.).
Total Rewards Defined
There are five elements of total rewards, each of which includes programs, practices, elements and dimensions that collectively define an organization’s strategy to attract, motivate and retain employees. Roll your mouse over the image on the left to learn more.