Introduction to Total Rewards

Online, Self-Directed Program - HRM 503

Schedule: Online, Self-Directed
$699 / CEUs: 2.4

Begin your course on the first Sunday following enrollment.

Intro to Total Rewards

Description and Learning Outcomes

Total rewards encompass five components; compensation, well-being, benefits, development and recognition that collectively define an organization's strategy to attract, motivate, retain and engage employees. The challenge of developing, maintaining, and managing benefits and compensation plans is a critical and costly function for any organization and represents key components of a Total Reward Program. Upon completion, you will be able to:

  • Explain the Total Rewards Model (TRM)
  • Describe the role of the TRM in an overall HR strategy
  • Define each of the TRM components including compensation, well-being, benefits, development, and recognition
  • Assess the work involved in developing a TRM for an organization including legal and regulatory compliance, policy and plan development, structure, and design, as well as communication and administration