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Implementing Total Rewards Strategies
Article

Implementing Total Rewards Strategies

A guide to successfully planning and implementing a total rewards system

SHRM, 2007


Editorial Rating

8

Qualities

  • Applicable
  • Concrete Examples

Recommendation

Total rewards programs have proven themselves over the past three decades as useful strategies to boost competitiveness while reducing costs and meeting employees’ needs. To assist organizational leaders considering implementation of a total rewards program, the Society for Human Resources Management offers guidance in a comprehensive white paper. The author, Robert L. Heneman, teaches management and human resources in the Fisher College of Business at The Ohio State University and is a recognized expert in the field of total rewards strategy.

Take-Aways

  • Total rewards systems can yield an array of significant organizational benefits.
  • Implementing a total rewards program means undertaking large-scale organizational transformation.
  • Begin by assessing the performance of the current rewards system.

About the Authors

Robert L. Heneman, a recognized expert in the field of total rewards strategy, is a professor of management and human resources at the Fisher College of Business at The Ohio State University. He has been a strategic compensation consultant for more than 60 public and private-sector organizations throughout the world.


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