The role of human resources in creating total rewards that meet employees’ wants and needs is important for attracting talent, retaining top performers, promoting employee satisfaction, and much more. Communicating total rewards offerings to top talent assists with understanding the value of all the monetary and non-monetary rewards an organization provides. From benefits to compensation, what total rewards do you value most? Is there anything from the readings in Module Five and Six that stood out to you as something you would love in an organization?
Before you begin, review the examples of total rewards packages from various companies in the Resources section of this module.
Then, for your initial post, address the following:
- Identify three different examples of compensation or benefits that would matter most to you when considering a job offer. Be sure to explain why each would be important to you.
- Identify three examples of compensation or benefits that would not matter to you when considering a job offer. Explain why.
Finally, respond to at least two of your peers by assuming the role of an HR professional at a company trying to create a total rewards program. Specifically, be sure to address the following:
- How could you use the information your peers shared about how they rank various benefits to inform the decisions you make in designing, implementing, and managing a total rewards program?
- What other factors will influence how you perform your HR functions related to total rewards?
RESOURCES:
In this article, you will explore how employees’ diverse and changing preferences directly impact the administration of total rewards. As you read, consider the following:
- Why do total rewards impact employee retention?
- What are current trends in employees’ preferences for total rewards offerings?
- How and why are total rewards mixed and matched to meet workforce needs?
https://www.strategy-business.com/article/Rethinking-total-reward-strategies
An Employee Assistance Program is an employee benefit program that assists employees with personal and professional needs to improve their wellness, job performance, emotional well-being, and mental health. This article dives deeper into the value of these programs and explores relevant trends. As you read, consider the following:
- What is the role of HR professionals in managing employee assistance programs?
- Why is it important to engage employees in implementing an employee assistance program?
- Why is it beneficial to design an employee assistance program that encompasses wellness, job performance, emotional well-being, and mental health options?