TOOLKIT
E-reward publishes total rewards toolkit
E-reward has published a "how to" toolkit describing the ten steps required to develop a total rewards approach in your organisation.
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. Want to know more?
Title: "Total rewards tollkit", eresearch 73, June 2010, published by e-reward.co.uk Ltd.
Availability: The report is available as part of an annual subscription to e-reward's research report series, e-research. Starting at £255 + VAT buys you a single annual subscription. For an additional fee, paid-for subscribers may access our digital archive which contains every research report we have published since 2002. You can then download all the reports via this web site.
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