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The Head of Total Rewards engages in high-level strategic planning of compensation and benefits programs designed to attract and retain employees. Plans and directs compensation and benefits policies, objectives, and initiatives. Being a Head of Total Rewards monitors trends, provides recommendations, and suggests initiatives. Ensures compensation and benefits programs remain within budgetary constraints and align with organizational goals. In addition, Head of Total Rewards consults with legal and financial professionals to ensure compliant and financially sound programs. Evaluates vendors, n... view job details

The Director of Total Rewards develops and administers all compensation and benefits programs designed to attract and retain employees. Directs an organization's compensation and benefits department's policies, objectives, and initiatives. Being a Director of Total Rewards monitors trends and provides recommendations for improvements. Ensures compensation and benefits programs remain within budgetary constraints. In addition, Director of Total Rewards creates policies and initiatives to ensure compensation and benefits programs follow all legal and organizational rules and guidelines. Requires... view job details

The Manager of Total Rewards manages common compensation functions, including survey participation, job evaluation, salary structure development, incentive plan design, and associated analysis. Leads the development, implementation, and administration of compensation and benefits programs, policies, and procedures. Being a Manager of Total Rewards ensures that compensation and benefits programs remain competitive and conform to current compensation strategy. Manages common benefits functions, including life, health, and disability insurance, retirement benefits and paid time off. In addition, ... view job details

The Total Rewards Supervisor supervises daily compensation and benefit operations including survey participation, job evaluation, salary structure development, base pay administration, incentive plan design and analysis, planning for health and welfare, retirement, and work life benefits. Leads a team in developing, implementing, communicating, and administering compensation and benefits programs, policies, and procedures. Being a Total Rewards Supervisor may provide customer support to managers and staff with compensation or benefits questions. Coordinates with outsourced providers. In additi... view job details

Q. How do I go about requesting a 'fair' base salary when the company knows I'm happy with my overall compensation?I receive a salary of $36,000 in my position as a branch sales manager. My total compensation in 2000 exceeded $62,000, thanks to the bonus plan, and I'm quite satisfied with this amount.The problem is my base salary. My position pays between $35,000 and $55,000. Although I have only been the branch manager for one year, I believe my talent and results should be reflected in an above-average salary. I expect a salary increase this April, but 3 to 5 percent won't get me to $45,000 ... view article details

Q. I keep hearing and seeing salary surveys that say I should be making about $10,000 to $20,000 more than I am currently making, but I find it very hard to compare when you take in all the factors of cost of living, profit sharing, medical benefits, and working environment. Is the grass greener elsewhere?A. Companies normally focus on the total rewards package they deliver to employees rather than on base pay alone. Total rewards include compensation, benefits, and work/life balance programs such as flex time and telecommuting.The average merit budget for most companies hovers around 4 percen... view article details

People say college is the best time of your life. For some, it's the thrill of being in a basketball arena or football stadium surrounded by tens of thousands of rabid comrades ready to scream their way through a rivalry game. And for a few others still, it's that meal plan that lets them gobble down 5 slices of pizza, 7 cookies, and 2 fruit cups, all with a swipe of their student ID. But everyone has one common memory: classes, where they could join their peers in learning from great professors. Perhaps you are considering returning to college as your own career progresses. People may think c... view article details

There was a great episode of Cheers long ago where the dim-witted Woody was duped into accepting the higher title of “Senior Bartender” over a pay raise. (For those under 30, Cheers was a sitcom in the 80s and Woody was played by Woody Harrelson … you know… that guy from True Detective and Hunger Games).Maybe it’s because I somehow saw my future-self helping others negotiate, but even at the young age of 19, that scene really struck with me. After all, who could possibly want something as insignificant as a higher title, when the bottom line of money is what they were clearly looking for?Well,... view article details

Q. What should I do if my job title doesn't really reflect what I do? My job title is 'return authorization coordinator.' I process and credit accounts when we receive products back from customers.A. I agree that your title seems to be somewhat inflated. A job title is never a good way to define a job. Rather, whether in a job search or at performance review time, it's better to read the entire job description to make sure it adequately reflects what you actually do.Ideally, a job title also should reflect a person's actual job responsibilities. Ask your HR department what its rationale was fo... view article details

Effective communication is crucial in the workplace, especially when it comes to total rewards. Employees want to feel valued and total rewards is a major part of that. But without clear communication, employees will not grasp or value their pay and benefits package. Companies must go beyond offering attractive pay and benefits. They must clearly convey the total rewards and perks available to employees as well. What Is Total Rewards? Total rewards includes pay and benefits given to employees for their time, talents, efforts, and results. It covers everything from base pay to bonuses to paid t... view blog & white papers details

Many companies use a total reward system to make work more exciting for their employees. This means they look at what employees need outside of work and what bonuses they can get. Understanding these reward systems can help you see why they matter in a company. What is Total Rewards System The total reward system in HR includes everything about why employees choose to work in a company.  It does not only concern money; it is about what makes a job great, such as benefits and how the job fits your lifestyle. This makes sure everything in a company, from their compensation plan to what other rew... view blog & white papers details

With the war for talent raging, companies are pulling out all the stops to attract and retain top employees. But it is not just about the paycheck anymore. Today's employees want - and expect - a total rewards package that goes beyond pay. It must include benefits, perks, growth pathways, work-life balance, and a sense of purpose. This article explores the elements of a total rewards program, from must-have benefits to nice-to-have perks. It provides insights and advice on how to create a package that supports engagement, productivity, and retention. What Is a Total Rewards Package? A total re... view blog & white papers details

As finding good workers gets tougher, companies are working harder to keep them happy. To do this, they need to clearly show what they have to offer. That is where Total Rewards Statements come in. Explore what they are in this article and how they can help! What is a Total Rewards Statement? A total rewards statement (TRS) is a personalized document that shows how much the company gives back to its workers. Simply put, it is a way to see the full value of working for the company. A TRS covers almost everything. Some companies even include health programs, learning opportunities, and other s... view blog & white papers details

The importance of attracting and retaining top talent cannot be overstated for companies aiming to achieve success. While offering a good salary is important, it is just one part of keeping workers happy and motivated. Here is where a total rewards system comes in-it includes the factors that help make employees feel satisfied, engaged, and happy at work. This article discusses the fundamental components of an effective total rewards system and how they are essential for creating a positive workplace and making the company successful. Components of a Total Rewards System Compensation Compens... view blog & white papers details