Total Reward Strategy Components

Reward Strategy development is about dramatically improving your ability to maximize competitive advantage through the creation of Business Know-how and the linkage of reward programs to it. Energizing employees to share in this linkage, and involving them in a way that ties rewards to organization results through people performance, is core to this process.  There several major components which make up a total reward strategy are Total Cash, Total Direct Compensation, Total Remuneration, and Total Rewards.