HRsoft

JUNE 14, 2020

Your company may have spent a considerable amount of time crafting a total rewards program that will allow your business to thrive in competitive markets. Assembling an effective communication strategy, however, can be just as essential as the reward package itself. Total reward programs can be difficult to comprehend.

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HRsoft

JUNE 1, 2020

HRsoft is proud to announce our new Total Rewards solution. As a result, we’re excited about our SaaS-based solution which ensures successful attraction, retention, and engagement of a satisfied workforce by enabling your organizations to effectively communicate the following: The total value of compensation. Equity awards.

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HRsoft

JULY 14, 2020

Now more than ever, employers are applying the expectancy theory to total rewards initiatives to organically drive motivation and thus increase productivity. Below, we’ll explore how you can apply the principle to your total rewards program. How To Apply The Expectancy Theory and Total Rewards.

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HRsoft

OCTOBER 23, 2015

Total rewards software does the following: Easy channel for employees to check compensation value. Total rewards systems proactively engage employees and help to retain them by painting a clear picture of the overall compensation package available to them. How Do I Choose the Right Total Rewards Software?

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HRsoft

APRIL 19, 2020

Here, we examine the components of a total rewards system which you can implement in your organization: Compensation: Of course, this includes base salary, but there are also other factors you can consider working into your pay system, such as short-term or long-term incentive pay. Work/Life Balance: More than half of U.S.

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HRsoft

OCTOBER 29, 2018

Designing a total rewards program can be a complex endeavor for many employers. Nonetheless, even the most thoughtful and strategically developed rewards programs require one final element: employee education. Without employee education, the value of a total rewards program is greatly diminished.

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HRsoft

JANUARY 10, 2017

You may already have a general understanding of how total compensation differs from a total rewards system, but sometimes, the terms are mistakenly interchanged. Total Compensation. Many organizations use total compensation as a way to communicate the value of employment to their associates. Total Rewards.

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HRsoft

MARCH 23, 2020

After the initial assessment of design plan considerations for creating a total rewards package, most employers choose base pay as an ideal starting point. With that said, priorities for building total rewards programs should be determined based on the company’s culture and employee value proposition.

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HRsoft

DECEMBER 21, 2015

Without a total rewards system, employees will lack a general awareness of the benefits, incentives and rewards that they have access to. What is Total Rewards? In the most basic terms, it is a breakdown of the dollars that a company invests to ensure that employees work in a rewarding and conducive atmosphere.

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HRsoft

MARCH 23, 2020

Finally, it lays the foundation for a robust and sustainable total rewards program. To build an effective compensation structure, total rewards design decisions should be made based on the employee behaviors the employer wants to encourage. Create a total rewards strategy.

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HRsoft

AUGUST 7, 2019

It’s now more important than ever for companies to appeal to both existing and prospective employees through effective total rewards strategies. The process of compiling a strategy encompasses a few key steps: Using an employee survey or conjoint analysis to assess which rewards are most important to which segments of the workforce.

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HRsoft

NOVEMBER 23, 2015

With market competitiveness steadily rising and prime talent being recruited aggressively, it is essential to convey the rewards that employees enjoy at your company in its entirety. Why Have A Total Rewards Communication Strategy? Total Rewards Communication puts employees and employers on the same page.

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HRsoft

DECEMBER 27, 2016

If you’re not already surveying your employees to determine what they think about your existing total rewards program, it’s time to start. Here are some strategies for accessing insights from your employees relating to your total rewards program: Survey Them. Focus Groups. Hold Interviews.

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HRsoft

APRIL 13, 2020

They can also work for – or against – your total rewards strategy. Your total rewards strategy can be the foundation which supports the following key elements of a rewarding employee experience: Recruitment. The employee experience encompasses all touchpoints of an employee’s time with the organization. Onboarding.

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HRsoft

DECEMBER 16, 2015

If you feel like you have spent a lot of time and money on developing a compensation strategy and salary structure that the employees do not appreciate, then it may be time to re-evaluate your total rewards strategy. What is your Total Rewards strategy?

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HRsoft

MAY 2, 2018

The major industry tradeshow for compensation and total rewards professionals, World at Work Total Rewards, is just around the corner! Say hi, grab some product information, or take a quick tour of our compensation planning and total rewards software. Learn more about the 2018 Total Rewards Conference.

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HRsoft

JANUARY 12, 2016

What about the growth opportunities, the retirement savings, the health benefits and the cash rewards for performance? A total rewards philosophy consists of personalized statements that: Are easy to access and available to employees without the need to follow tedious protocol. These often go unnoticed.

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HRsoft

AUGUST 15, 2019

Total Rewards Offering an array of total rewards options that align with current and prospective employees’ expectations and needs is now more important than ever for attracting and retaining talent. This type of employee survey is not to be confused with an engagement survey, as it looks strictly at total rewards.

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HRsoft

FEBRUARY 25, 2016

Total rewards statements are personalized breakdowns of all the components of an employee’s compensation. This is where retention tools like total rewards communication platforms are useful. Total rewards communication systems give employers a strategic tool for effectively communicating compensation to employees.

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HRsoft

JUNE 1, 2017

Tailoring your message to your different audiences is important when it comes to communicating total rewards, because everyone receives and responds to information differently. By following the best practices listed here, you’ll be able to boost communications surrounding total rewards in your company. Types of Audiences.

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HRsoft

AUGUST 26, 2019

They can also work for – or against – your total rewards strategy. Your total rewards strategy can be the foundation which supports the following key elements of a rewarding employee experience: Recruitment. The employee experience encompasses all touchpoints of an employee’s time with the organization. Onboarding.

Culture 45

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HRsoft

MAY 10, 2016

While there are certainly some performance management and managerial tactics that can be used to make employees more goal-oriented and committed at work, many business leaders wonder about the role of rewards in employee motivation – specifically, can an employer’s total rewards program drive motivation? The answer is yes.

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HRsoft

FEBRUARY 2, 2016

Total rewards solutions can help your HR department in the following ways: Promote the total compensation breakdown by making it accessible to workers via a user-friendly hub and issuing reminders through emails. For more information on our Total Rewards Software, REWARDview, click the button below!

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HRsoft

OCTOBER 25, 2018

Oftentimes, companies will choose perks reflective of their brand to tie the management philosophy and company strategy into their rewards. Additionally, experiential rewards are becoming a popular perk for the modern employee. Lastly, while financial rewards remain popular, many employers are seeking new ways to increase their impact.

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HRsoft

JANUARY 27, 2017

While some companies choose to offer printed employee benefits statements alone, many are now choosing an online Total Rewards (TR) Communication option to make it easy and convenient for employees to access data. For more helpful total rewards strategies, feel free to check out the resources on the HRsoft blog.

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HRsoft

MAY 29, 2017

Here, we discuss some considerations to help you move towards a level of greater transparency surrounding total rewards in your organization. For more information on our Total Rewards Software, REWARDview, click the button below! Yet, many professionals aren’t sure just how much transparency they should aim for.

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HRsoft

JULY 31, 2017

Your total rewards strategy is one of the most powerful resources you have for communicating the value of employment to your teams. Yet, unless your total rewards efforts actually reach your employees, it won’t make a measurable impact in terms of retention, engagement, recruitment, or any other indicators you’re focused on.

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HRsoft

APRIL 27, 2020

Compensation statements, also sometimes referred to as employee benefit statements or total reward statements, give employees an in-depth look at how they’re being rewarded. Many organizations assume that their employees already know all the ways the company rewards them. appeared first on HRsoft.

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HRsoft

APRIL 19, 2016

You already know that communicating total rewards to employees is a critical business practice. But do you really need total rewards statement software in your company? They must clarify total rewards statements and answer any questions employees may have as they arise. appeared first on HRsoft.

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HRsoft

MAY 24, 2016

Too often, a company’s best talent is unaware of all the ways in which the organization values and rewards them because communication is lacking. When you communicate the full value of employment to your team through a tool such as total rewards statement software, you’ll be better able to retain your highest performers.

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HRsoft

JANUARY 19, 2017

One of the steps of developing an effective Total Rewards (TR) Communication strategy is branding it in a way that resonates with employees. To stay clear of the gambling connotation, some employers avoid using the term Total Rewards entirely. Rewards Central. Rewards Hub. Rewards Report.

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HRsoft

OCTOBER 18, 2018

After the initial assessment of design plan considerations for creating a total rewards package, most employers choose base pay as an ideal starting point. With that said, priorities for building total rewards programs should be determined based on the company’s culture and employee value proposition.

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HRsoft

AUGUST 12, 2019

Crafting a robust total rewards strategy for your company requires you to consider a few key elements. Here, we break down the core elements of total rewards with questions for each. The post 4 Elements of Total Rewards to Consider in Your Organization appeared first on HRsoft.

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HRsoft

APRIL 20, 2016

Even for the most experienced HR manager or benefits specialist, it’s always a good idea to make sure that your total rewards statement is in line with employee expectations and best practices. Sample Total Rewards Statement. Your total rewards statement might look something like this: Employee Information.

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HRsoft

AUGUST 12, 2016

Many HR professionals spend a great deal of time on their company’s total rewards strategy. Whatever your company’s goals are, creating a strong total rewards strategy can probably help. Because each company has unique goals, however, the approaches to total rewards can vary significantly.

Strategy 49

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HRsoft

JANUARY 17, 2017

After you’ve put hard work into your Total Rewards (TR) Communication strategy, it’s time to do some promoting. The following tips were put together by Rita to point out some of the considerations relating to the communication of Total Rewards: Know Your Audience.

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HRsoft

MARCH 19, 2018

As a result, many aspects of total rewards have been affected by the differences in these populations. Here, we take a look at how each of the key elements of total rewards is affected: External Position Equity. Total “Non-Cash” Compensation. The post How is Total Rewards Affected by Different Generations?

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