Human Capital & Strategy-I

Beyond Compensation to Employee Total Rewards

HR policies have traditionally revolved around compensation, but new generations of workers believe employment is about more than earning a salary. They are interested in total rewards – everything from salary to work/life balance.
By Lisa Trumbull

Workforce demographics continue to change. After what seems like a few years of grappling with understanding millennial preferences, Gen Z is now entering the workforce. A four or five generation workforce presents unique challenges because each generation is at a different point in life and has different preferences.

As companies re-evaluate their reward programs, they are taking advantage of technology and access to data that enables them to capture employee feedback to design and communicate flexible total rewards programs that create a positive impact.

Total rewards programs are holistic benefits programs that consider everything from work schedules to compensation to health benefits to ret...

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