Total Rewards

The value of your company depends on your employees. They are at the same time the biggest asset and the largest expense. You desire an optimal return on investment from your employees. Your employees desire an optimal return on investment from their employment. We help you achieve that win:win relationship.

Therefore you want to align the compensation package with the business objectives as well as with the hopes and expectations of your employees. This alignment results in a reward strategy, or Total Rewards Strategy.

The Total Rewards Strategy consists of five elements that collectively define an organization’s strategy to attract, motivate and retain employees.

These five elements are:

• Compensation
• Benefits
• Performance and Recognition
• Development and Career Opportunities
• Work-life balance

The purpose of the total rewards strategy is to combine these five elements into a tailored package designed to achieve optimal motivation. This package will vary accordingly with the organizational culture, the business strategy and the human resources strategy.

One of the advantages of applying this model is that as from the start, the reward package and the communication of its benefits. can be made in a total integrated concept, to which new items can be added as required.

From experience, employees will better understand the reward package if they receive the key messages in several ways. By putting all the pieces together, employees will better understand the bigger picture. The perceived value of the package is higher to employees, and you as the employer have more value of the investment in the total reward package.

HRForce can support you with the various steps in this process. We can advise you on the setup and implementation of a Total Rewards Strategy, on the individual elements of the reward package, on the development and implementation of a salary structure or sales compensation plan, and on the communication of the total rewards strategy and the reward package.

Your results:

• A compliant and up to date reward package
• Supporting the business objectives
• Always solid replies to remuneration questions from staff
• Highly motivated employees

For further information, please contact HRForce.nu through Danielle@HRKracht.nu, 06-47940667 or click on our products on the left.