Essay Total Rewards

1510 WordsJun 12, 20137 Pages
NEW AND IMPROVED REWARDS AT WORK 1 Running head: New and Improved Rewards at Work New and Improved Rewards at Works HRM 533 Total Rewards Dr. Mary Ann Wangemann Strayer University June 7, 2012…show more content…
Employees who are required to do extensive travel will probably need more assistance than an employee whose job requires them to work out of the office or another facility near where the employee resides. Another innovative benefit for this specific job can be to offer to pay a certain percentage for childcare if the employee has children who attend day care or after school programs. This benefit can be very attractive as the cost for childcare continues to increase. In most cases, tailored benefits can make work life less stressful and a lot easier for employees whose personal life may keep them very busy. Many experts argue that tailored benefits can be worth as much to an employee as a pay raise. Different benefits appeal to different people. In order to understand people needs, employees must take in consideration age, gender, marital status, family size, health and level of education. In taking all of these in consideration, the company is able to design attractive benefits packages that will attract, retain and motivate employees. Innovative benefits helps to build value within the organization. If employees feel the company cares about their by well- being by consistently adding or making changes to benefits programs, they will in turn get more out of employees because employees should exceed the expectations of the job to earn pay while getting good

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