Textbook Notes (368,878)
Canada (162,229)
MHR 523 (321)
Chapter 11

Human Resources Management Chapter 11

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Department
Human Resources
Course
MHR 523
Professor
Kristyn Scott
Semester
Winter

Description
Chapter 11 Notes THE STRATEGICIMPORTANCE OF TOTAL REWARDS -Total rewards: an integrated package of all rewards (monetary and nonmonetary, extrinsic and intrinsic) gained by employees arising from their employment THE FIVE COMPONENTS OF TOTAL REWARDS 1) Compensation e.g. wages, salaries, incentives, commissions, bonuses 2) Benefits e.g. insurance, vacations 3) Worklife programs e.g. childcare 4) Performance and recognitione.g. pay-for-performance 5) Development and career opportunities e.g. tuition assistance IMPACT OF REWARDS -attract, retain and motivateengage employees BASIC CONSIDERATIONS IN DETERMINIG PAY RATES -legal, union issues, compensation policy, equity LEGAL CONSIDERATIONS IN
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