What Is Total Rewards?

Total rewards encompasses six components — compensation, benefits, work-life effectiveness, recognition, performance management and talent development — that collectively define an organization's strategy to attract, motivate, retain and engage employees. These components represent the tool kit from which an organization chooses to offer and align a value proposition that results in satisfied, engaged and productive employees who, in turn, create desired business performance and results.

The Total Rewards Model

The WorldatWork Total Rewards Model demonstrates the dynamic relationship between employers and employees. Originally introduced in 2000, it has evolved to depict the strategic elements of the employer-employee exchange as well as to reflect how external influences and an increasingly global business environment affect attraction, motivation, retention and engagement.

See how factors impact and help define Total Rewards Strategy and its connection to organizational performance and employee satisfaction.
Total Rewards PDF

Click through the model to see how factors impact and help define total rewards strategy and its connection to organizational performance and employee satisfaction.

External Influences Economic Labor Market Cultural Norms Regulatory | | | Human Resources Strategy Business Strategy Organizational Culture Organization performance and results Employee experience and engagement Motivate Attract Engage Retain Total Rewards Strategy Compensation Benefits Work-Life Effectiveness Recognition Performance Management Talent Development

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