Total Rewards for Attracting and Retaining Top Employees

Jason Hanold is the founder of Hanold Associates, a human resources executive search firm. By drawing upon his industry expertise and experience, Jason Hanold helps clients fill open positions with talented, qualified individuals.

While there are many aspects of human resources that are important, one of the most crucial is developing compensation plans and policies that are aligned with the organization’s long-term goals. The combination of salary and benefits is known in the industry as “total rewards.” If an organization wants to attract and maintain top talent, it should make sure that its total rewards are meeting employees’ needs.

While salary is important, so are the additional benefits that an organization offers. These include health insurance, paid time off, and child care. However, there are additional elements in the total rewards a company offers. For example, policies that encourage a work-life balance, recognize employees for high-quality work, and make career and training opportunities available to employees are part of an organization’s total rewards strategy.

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