Maximizing total reward statements

Employers need to tap into available sources, make data work for them
By Karim Kurji
|Canadian HR Reporter|Last Updated: 12/15/2014

Every year, companies create total reward statements for employees with the hope these statements will attract, motivate and retain employees. Some are designed to reinforce an organization’s HR brand and differentiate the company from other employers. Others raise awareness and appreciation of the benefits offered by the company. Some statements, albeit electronic or paper, try to do all of this with varying degrees of success. 

The total reward within a company is usually driven by how the company operates. Some are global, with localized operations, while others have very centralized operations. Big or small, each has its own prescribed ways of operating.