A total reward approach involves the design, management and communication of reward in a way that treats the pay, benefits and less tangible aspects of the working environment, such as opportunities for personal growth, as a whole. The aim is to increase employee engagement by recognising that employees are motivated by more than just money.
An employer planning to introduce a total reward approach will need to develop a sophisticated understanding of employee behaviour, including the factors that underpin high performance and what motivates employees.
