Define the concept of total rewards and its purpose

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Reference no: EM133498505

Question 1: Define the concept of total rewards and its purpose.

Question 2: Explain why a company would use a total rewards package.

Question 3: Discuss how total rewards is important for employee retention.

Question 4: Discuss why total rewards packages are valuable to an employer.

Total Rewards Package: Explain the components of a total rewards package.

Question 5: Describe the different parts of a total rewards package and what value they bring to the company.

Question 6: Differentiate between monetary and non-monetary rewards.

Question 7: Talent Retention: Explain how total rewards components are used to attract and retain talent.

Question 8: Give four examples of suggested total rewards components and why they might be attractive to an employee.

Question 9: Consider how additional incentives might affect talent retention.

Question 10: Employee Value Proposition: Explain the concept of EVP and its relation to total rewards.

Reference no: EM133498505

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