Human Resource Management – Total Reward Policy

Total reward policy

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A policy is required on the extent to which the organization wants to adopt a ‘total reward’ approach, so that things are clear enough in advance between the employee and the management. This will mean assessing the importance of the non-financial relational rewards and how they should complement the financial transactional rewards.

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Following are some of the topics in Human Resource Management – Reward Management in which we provide help:

Reward Management
The Aims of Reward Management
Reward Management Processes and Activities
Inspiration and Values
Organizational values and behaviors
Reputation of the organization
Risk sharing
Recognition
Communication
Perception of the value of work

Challenge/interest
Physical environment
Job training (current position)
Safety/personal security
Work/life balance
Security of income
Social environment
Reward Policies
Level of rewards
External competitiveness versus internal equity

Use of job evaluation
Achieving equal pay
Total reward policy
Contingent rewards
The role of line managers
Transparency
Assimilation policies
Protection policies
Motivation and reward
Motivation and Financial Incentives and rewards

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