Gross and Rook (2018) suggest that it is essential for total reward programs to acknowledge “the needs of the business, the changing environment, the aspirations and demographics of employees, the local culture, and the current and future cost constraints” (p. 350). They argue for shifting the focus from disparate pay components to a holistic total rewards approach that includes:
Compensation – base pay and variable pay plans
Benefits
Careers
Work life
Given this understanding, do you believe your organizations total rewards program is appropriate and effective in attracting, retaining and engaging talent? Are there any gaps? Make some suggestions on how your organization can improve total rewards. Please comment on each of the four components listed above. If you’re current not working, you can use a previous company you worked for. If you have not yet worked anywhere, you can answer these questions in general.
Gross and Rook (2018) suggest that it is essential for total reward programs to
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