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E-REWARD.CO.UK - Information centre News Top Tips Reviews Factsheets Documents Glossary Quarterly magazine Web links Forum Soapbox Register Members' Log-in Search e-reward Advanced search Home About us E-reward Annual Update 2010 E-reward conferences What's new Advertising Reward job centre Feedback Reward and HR books		THE ONLINE GUIDE TO REWARD MANAGEMENT Recent issues The findings from e-reward's research programme are published in a series of research reports, launched in June 2002 - a collection of case studies, surveys and toolkits on contemporary reward issues. Starting at £255 + VAT buys you a single annual subscription, giving you 10 world class reports each year. For an additional fee, paid-for subscribers may access our digital archive which contains every research report we have published. You can then download all the reports from the web site. Take out a subscription by clicking here - You must have a paid subscription to view this article. If you are already registered please login. Total rewards toolkit Total rewards is an approach to reward management which emphasises the need to consider all aspects of the work experience of value to employees, not just a few such as pay and employee benefits. It aims to blend the financial and non-financial elements of reward into a cohesive whole. The purpose of this toolkit is to describe how the abstract but compelling concept of total rewards can be put into effect in your organisation. This is not easy. Quite clearly, it’s not just a matter of introducing a recognition scheme in addition to conventional contingent pay arrangements. And it means going beyond simply tacking on to existing pay and employee benefit practices a number of established HR policies and processes – learning and development, job design, employee well-being and the like. What it should involve – and what this toolkit describes – is ensuring that a cohesive approach is made to integrating the various approaches that are available to increase engagement. This toolkit is divided into three main parts: examination of the concept of total rewards and some of the key terms main models of total rewards how to develop a total rewards approach in your organisation. Click here to download the contents and introductory pages in PDF format. TOOLKIT CONTENTS INTRODUCTION Purpose of the toolkit Contents of the toolkit SECTION 1: THE CONCEPT OF TOTAL REWARDS What is total rewards? What are the elements of total rewards? What are the main characteristics of total rewards? What are the benefits of total rewards? Key terms SECTION 2: MODELS OF TOTAL REWARDS Hay Group Schuster-Zingheim and Associates Towers Perrin WorldatWork Summary of elements in total rewards models SECTION 3: INTRODUCING TOTAL REWARDS Clarify the concept and objectives of total rewards Involve stakeholders Identify total reward elements Prioritise Make the business case for total rewards Plan the development programme Communicate Involve line managers Implement Monitor and evaluate Box 3.1: Steps required to introduce total rewards Box 3.2: Forced choice questionnaire for total rewards project Box 3.3: Executive interview questions for total rewards project Box 3.4: Employee priorities for total rewards Issue - 73 Pages - 21 Type - Toolkit Date - 23/06/2010 Click here to go back Related Items A more strategic and flexible approach to reward at Nationwide A guide to total reward: part 1 Merger prompts new approach to reward at Norwich Union Insurance A guide to total reward: part 2 - A seven-step implementation programme Using flexibility to make PwC a great place to work Broadbanding increases flexibility at Tesco Xansa uses creative reward solutions and new HR structure to manage a diverse workforce The evolution of a total reward strategy at B&Q Involvement, progression and fun drive reward agenda at Lands' End Total reward and pay for performance drives GSK merger Pay in a high performance organisation: Lloyds TSB Total reward supports acquisition and mass customisation strategy at RBS Friends Provident uses broad bands to enable differentiation by discipline, performance and region Unilever uses variable pay to change managerial focus Total reward statements: part 1 - Case studies		Research report zone Why subscribe How do I subscribe? What are the research reports? Surveys Toolkits Case studies Testimonials Recent issues


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