In addition to improving employee satisfaction, what is another goal of leveraging Total Rewards strategy?

Leveraging a Total Rewards strategy is designed not only to enhance employee satisfaction but also to align employee performance with the overall goals of the organization. By driving business performance and results, this strategy ensures that employees are motivated to contribute more effectively toward achieving the company’s objectives.

A well-structured Total Rewards strategy incorporates various components, including compensation, benefits, work-life balance, recognition, and career development, all of which can stimulate an engaged workforce. When employees are recognized and rewarded appropriately for their contributions, it fosters a culture of high performance, encouraging them to work towards the organization's success.

Moreover, aligning the Total Rewards with business objectives creates a win-win situation where employees feel valued and the organization witnesses enhanced productivity and profitability. This focus on driving business performance through strategic rewards is crucial in today's competitive environment, where both employee engagement and organizational success are key priorities.