Total reward
“My employees don't understand the value of their total rewards package!”
We hear this from new clients again and again. The economic downturn has meant reduced or no pay rises for many employees. Employers are increasingly using total reward (or total remuneration) models, to ensure they drive better value and employee engagement from their existing reward spend.
Our dynamically produced online Total Reward Statements ensure employees have access to an up-to-date total rewards programme 24 hours a day. As the value of the different elements of their total rewards package changes throughout the year (for example in line with salary increases or grade changes), total rewards data is automatically updated and new joiners see their information in real time.
The Darwin™ Reward Centre takes the information that is supplied by our clients and automatically calculates each employee’s total reward. This is displayed in a simple easy-to-understand format so employees can really appreciate the full value of their benefits package.
Our experts guide clients through the entire process of implementing a total reward model, from deciding which elements to include in their total reward programme and how to price them, to undertaking the calculations and communicating the results to their employees.
- If you would like to know more about Total Reward please contact us.
- A member of our consultancy team will get back to you right away.
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