Meant Total Rewards Strategy Include Important Align Hr Strategy Q34278613

What is meant by a Total Rewards Strategy? What does it includeand why is it important to align with the HR strategy?

Expert Answer

Total rewards strategy is a system implemented by business thatprovide rewards that are monetary, developmental and beneficial forthe employees who are able to achieve certain objectives of thebusiness. It actually includes compensation and benefits along withthe scope of personal development of the employees as well. Suchstartegies are aligned with the HR strategy in order to ensurebetter impact on the employees so that they perform better at leastfor the rewards they would get after achieving the goals andobjectives