January 2015
Beginner
480 pages
32h 52m
English
Explain the importance of total rewards for improving employee engagement.
Total rewards is an increasingly important concept in compensation management. People bring to their jobs many needs—for challenging work and for respect and appreciation, for instance—not all of which are satisfied by pay or bonuses. “‘Total rewards’ encompasses not only compensation and benefits but also personal and professional growth opportunities and a motivating work environment.” 103 It includes not just traditional financial rewards (wages and incentives plus benefits and perks) but also nonfinancial and intangible rewards such as recognition, the nature of the job/quality ...
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