In recent years, there has been a paradigm shift in rewards space. The perception of rewards has moved from traditional to not so-traditional. Rewards now form a strategic part of compensation & benefits cost of an organization and also contribute to employee value proposition. Rewards now create meaning for employees. Today’s reward programs focus on employee recognition, flexible benefits and wellness programs and therefore, create meaning for employees. The way reward is perceived by employees determines the structure of a reward program.
The webinar will revolve around the history of rewards, its foundational aspects and the structural composition of rewards.
These are the highlights of the webinar:
1.Non-traditional approaches towards rewards
2.Illustrative model of Foundational Readiness for rewards
3.Knowing the “wants and needs” of current and future staff
4.Determining the “why” for Total Reward programs and plans
5.Sustainability of reward programs through community and voluntary involvement.
Can we take a more holistic view of how we reward people?
READ our latest issue for a broadened perspective.