Total Rewards Strategy
What total rewards strategy means
Integrating pay, benefits, recognition, development and work environment.
Before you start
Not confident yet? Work through Employee Benefits first.
Worked example
One question from this skill's own question bank, shown with its full working.
A total rewards approach includes:
- Pay, benefits, recognition, development opportunities and work environment
- Basic salary only
- Cash bonuses only
- Annual parties only
Working: Total rewards bundles financial and non-financial elements that together shape attraction, motivation and retention.
Curriculum and exam alignment
Curriculum notes are a general guide to where this work normally sits. Always check the syllabus your school or examination body is currently using.
Related skills
Other Benefits & Total Rewards skills in Strategic Compensation, at the same point in the course.
Other Strategic Compensation topics
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Practise total rewards strategy
8 questions with a worked answer after every attempt, and a SmartScore that tracks how close you are to mastery.