Total rewards, originally introduced in 2000, has evolved to depict the strategic elements of the employer-employee exchange as well as to reflect how external influences and an increasingly global business environment affect attraction, motivation, retention, and engagement.

1. Describe the elements of a competitive and desirable total rewards system.
2. How will this concept assist a company in achieving their strategic goals?
3. Discuss the perspectives and the challenges of balancing a global workforce.
4. What generational considerations need to be addressed in 2016?
5. What external influences affect a Total Rewards system?

 applying theory, answer the above questions.  Share any company's Total Rewards philosophy.  Describe the components, their purpose, the administration, and delivery of the program.

Answer rating: 100% (QA)

Elements of a Competitive Total Rewards System A competitive total rewards system incorporates several key elements to attract motivate and retain top talent At the core are competitive pay and benefi... View the full answer