Total rewards enters the HR department’s lexicon

Bundling soft programs under the total rewards banner, combined with a strong compensation and benefits package, is the perfect recipe for happy, productive staff, says comp association
By Todd Humber
|Canadian HR Reporter|Last Updated: 05/20/2004

W

hat, exactly, is total rewards? Talk to any two HR practitioners and you’ll likely get two different answers. Mention it to employees and you’ll probably end up with a cynical raised eyebrow or two as they ponder what the latest buzzword to come out of the human resources department actually means.

In its simplest form total rewards is an umbrella term that covers everything an employer offers an employee, from traditional stalwarts like compensation and benefits to newer frontrunners including flexible working hours and workplace culture.