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Identify and discuss three best practices for a total reward

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Q1.Identify and discuss three best practices for a total rewards program.

Q2.Discuss the challenges and benefits of developing a total rewards program.

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Identify and discuss three best practices for a total rewards program.

Q2.Discuss the challenges and benefits of developing a total rewards program.

Solution:

Q1.Identify and discuss three best practices for a total rewards program.

Total rewards programs typically include all of the benefits and opportunities that employers offer in the organization. When an employer plans their total rewards programs, they should be structured with the following three practices or criteria:

(1) The total rewards program should take into consideration the general make-up of the employee population, and have programs structured towards the specific characteristics of that population. If there is a high percentage of working adults in the company, part of the company's total rewards programs should offer child or dependent ...

Solution Summary

Identify and discuss three best practices for a total rewards program.

Q2.Discuss the challenges and benefits of developing a total rewards program.

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