Total Rewards Communication
Total Rewards is needed in the work place for many different reasons. The incentives offered will vary from usually non-monetary to monetary, but are required if you want an effective organization or business to run efficiently. Rewards given can boost morale which will usually lead to better performance as well as work productivity, sales, and profits. When these strategies are implemented there seems to be a better outcome for employers and employees. Personal growth is key, whether it be professional development or training. Workers need and want recognition for what they do so they feel like the job they do, no matter how big or small, is being well executed and they’re being noticed. The employee should feel that their job could have areas for advancement and not feel immovable in their position. Everyone has their own needs and wants so not everyone is going to have the same, so it is up to Human Resource to make the position feel more personal by having choices and options for staff in order to reach their combined objectives.
The Department of Human Resource has the responsibility to inform their employees of their reward programs. If an employee does not understand their benefits and, or pay, the employee is at a disadvantage. When rewards are well communicated, and pay becomes a form of communication, everyone benefits. When employees have a solid understanding of how, and for what they are rewarded for, it gives them ownership. If Human Resource would treat all employees as individuals and communicate with them, they would have a better grasp of their complete compensation and benefit package.
Since companies can vary in their needs and work cultures different factors have to be considered. Age, location, and job level can all make a difference in how employees interpret their reward program. This is why Human Resource needs to make it stress free and personalize it to each employee. They also need to supply them with statements of their current compensation and benefit information as well as previous and projected information.
One way companies can do this would be to develop a vast range of communication materials. Print, online statements, and an interactive web site, could give the companies’ variety of audiences a selection of choices to find out their current rewards.
