Differentiate between monetary and non-monetary rewards

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Reference no: EM133997790

Assignment:

What references can i use for my reference page on module 7-1

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

Explain why a company would use a total rewards package.
Discuss how total rewards is important for employee retention.
Discuss why total rewards packages are valuable to an employer.

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

Describe the different parts of a total rewards package and what value they bring to the company.
Differentiate between monetary and non-monetary rewards.

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

Give four examples of suggested total rewards components and why they might be attractive to an employee.
Consider how additional incentives might affect talent retention.

Reference no: EM133997790

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