Please enable JavaScript.
Coggle requires JavaScript to display documents.
Total Rewards System (Concept (Congruent with the organisation's…
Total Rewards System
Concept
Congruent with the organisation's strategic objectives
Congruent with the management style and other organisational systems
Adopt WorldatWork model
Tie together the organisational strategy, workforce strategy and HR strategy
Everything that employees value as part of their relationship with an employer
Align each employee with organisational objectives
Factors
Company's ability to pay
Union Influence
NWC Recommendations
Employee Needs
Legislation
Equity
Elements
Work-Life
Performance and Recognition
Benefits
Development and Career Opportunities
Compensation
Effective TRS
Right people
Right time
Right amount of rewards
Right reason
Objectives
Motivate employees
Retain Employees
Attract applicants