Enhanced to provide information on connecting performance and merit pay increases.
This section assists HR professionals plan and design benefit plans that are cost-effective, competitive and aligned with an employer's business strategy.
An employer may use this form to communicate the financial value of the Total Rewards initiatives it provides to its employees, such as compensation, benefits, training and development and various perquisites in support of work-life balance. A Total Rewards Summary helps an employer enhance employee commitment and engagement.
An employer may use this survey form to determine employee priorities and preferences and to involve employees in the planning stage of a Total Rewards strategy. Involving employees in the formation of a Total Rewards strategy results in greater feelings of employee ownership of and identification with the strategy.
This section assists HR professionals in addressing both voluntary and involuntary turnover by measuring, monitoring and evaluating policies and processes that directly or indirectly affect employees' decisions to leave. Employers can diagnose, predict and control employee turnover to reduce business costs.
Attracting, motivating and retaining talent is critical to an employer's short- and long- term success. This section assists HR professionals in implementing a comprehensive, integrated total rewards strategy that can help achieve those important objectives.
Employment glossary definition of Total Rewards.
Employment glossary definition of Employee Discount.
Employment glossary definition of Employee Purchase Program.
HR guidance on the benefits of total rewards initiatives.
XpertHR is part of the LexisNexis® Risk Solutions Group portfolio of brands.
The materials and information included in the XpertHR service are provided for reference purposes only. They are not intended either as a substitute for professional advice or judgment or to provide legal or other advice with respect to particular circumstances. Use of the service is subject to our terms and conditions.
Copyright © 2021 LexisNexis Risk Solutions Group
© 2021 LexisNexis Risk Solutions Group.