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Meaning of Total Rewards
Definition
Total Rewards is the complete set of tools an employer uses to attract, motivate, retain and engage employees — spanning pay, benefits, recognition, wellbeing, career growth and the overall employee experience.
Find out more about the meaning of total rewards, including:
- Why it matters
- Worked Example
- Business Interpretation
- Good Practice
- Common Mistakes
- Limitations
- Manager Discussion Points
- Employee Communication Example
- And Related Calculators