The power of total rewards

Communication is key
By Jodi Macpherson
|CHRR, Report on Total Rewards|Last Updated: 01/22/2007

Do employees fully understand the “total deal” in working for their employer? Do they recognize that the value of working for their employer consists of an array of tangible and intangible rewards? Even in considering just the tangible aspects of their rewards package, can they cite the dollar value? The answers to these three questions are typically no, no and no.

To effectively communicate total rewards, employers need to connect the dots between rewards and recognition and the overall business strategy.

But total rewards is more than just a packaging exercise. As much as it needs to be communicated in an integrated fashion, fundamentally, the total rewards design should support business goals. The bottom line: Does the organization have an integrated total rewards design or merely a group of parallel programs?