Total Rewards Module 6 - Communicating and Evaluating the Total Rewards Strategy

Question 1

What do managers need to know about the total rewards strategy?

Answer 1

The what, the why, and the how (the programs goals). They need to be able to communicate the plan to employees.

This requires training, coaching, and administrative tools.

Question 2

What do employees need to know about the total rewards strategy?

Answer 2

What to expect, what they are entitled to, their obligations, and how they can access it.

This can be done through orientation, pamphlets, information sessions, meetings with managers, or an online HR portal.

Question 3

What should be evaluated in a total rewards strategy?

Answer 3

Is it meeting its goals?
Culture and performance (membership, task, and organization citizenship behavior)
Costs - budgeted versus actual
Retention, motivation, attraction, etc.