The WorldatWork Handbook of Compensation, Benefits & Total Rewards: A Comprehensive Guide for HR Professionals
The WorldatWork Handbook of Compen-sation, Benefits, and Total Rewards is a comprehensive tool for recruiting, rewarding, and retaining talent in the twenty-first century. With its special focus on structuring and implementing a total rewards program, this is a fully modern guide to compensation.Today's best companies offer total rewards packages that go beyond compensation and benefits to attract, motivate, and retain employees. An excellent total rewards package will lead to positive changes in workforce behavior, reinforce overall business strategy, and ensure organizational success for the future. This handbook will show you how to find the proper mix of rewards that satisfies the personal and financial needs of your workforce within existing business conditions and cost constraints.Inside, you'll find metrics and methodologies for gauging the relative effectiveness of your compensation packages and ensuring that all your HR investments are smart and productive. You'll learn to integrate classic HR disciplines with innovative business strategies to design the perfect total rewards package for your organization, leading to measurable results that send the right signals to employees and deliver an excellent return on organizational investment.HR is changing fast with the birth of new industries and emerging markets, mergers and acquisitions, downsizing, globalization, corporate restructuring, and technological advances. The labor market is tight, and employers are looking for ways to work smarter, faster, and more efficiently. Meanwhile, younger generations and their nontraditional values are reshaping workforces and compensation practices. This book is the ultimate guide to designing a compensation and total rewards package that guarantees quality employees and a healthy workforce today and tomorrow.