Human Resource Management: An Introduction [2024] - What is Total Rewards? An Introduction + Model

Why is total rewards important? A Total Rewards strategy can help you become an employer of choice, motivate and retain employees, and boost business performance. Welcome to Learning Bites! This is the video series for HR professionals who want to expand or refresh their Human Resources knowledge one bite at a time. In this episode, you'll learn about what total rewards is and get a real-life example of how other companies approach total rewards. In this video we will explain how an effective Total Rewards strategy sets an organization apart from its competition. It will also engage employees and align rewards with what the organization is trying to achieve. You will also find out: - What total rewards is - The AIHR total rewards model - Six elements of total rewards Watch the full video to learn how to set your own Total Rewards strategy by following the AIHR model. TIMESTAMPS 00:48 - What is total rewards? 01:23 - The AIHR total rewards model 01:59 - Compensation 03:10 - Benefits 04:51 - Career Growth 06:17 - Personal Development 07:00 - Purpose and culture 08:45 - Holistic wellbeing 10:30 - Conclusion ____________________________________________________________________________ Upskill yourself and future-proof your HR career with our courses and certificate programs: - Support your employees at every stage https://aihr.ac/3kSS1bC - Lead your team with impactful strategies https://aihr.ac/3L1Dfd6 - Retain your workforce with a competitive compensation package https://aihr.ac/3SXW6bc Get unlimited access to all AIHR training courses and certificate programs with our Full Academy License https://aihr.ac/3kQzv3s 👋👋 P.S. Follow us on LinkedIn for the latest HR developments! https://www.linkedin.com/school/aihr/ #AIHR #LearningBites #TotalRewards