BU354 Chapter Notes - Chapter 11: Jury Duty, Prevailing Wage, Canada Labour Code
Document Summary
Total employment rewards an integrated package of all rewards gained by employees arising from their employment: these rewards encompass everything that employees value in the employment relationship. A variety of models attempt to define the elements of total employee rewards. Worldatwork conceptualized total rewards model within 3 broad categories: compensation (extrinsic, benefits (extrinsic, non-monetary rewards (intrinsic) i. e. personal growth rewards. Alignment is the extent to which rewards support outcomes important to achieving the org"s strategic objectives. Purposes of rewards are to attract, retain, motivate, and engage employees. Engagement refers to a positive emotional connection to the employer and a clear understanding of the strategic significance of the job. For canadians, study found that competitive base pay was #1 factor in attractive employees to an org: having excellent career opportunities was most important for retention, senior management"s interest in employee well-being was top factor influencing engagement.
