A total reward program contains all of the tools needed by a business to recruit the very best employees and retain top level, high performing staff members.
Containing five key elements, including compensation, benefits, work-life, performance and recognition and development and career opportunities, the program provides businesses with a kit that they can use to develop a total reward strategy that meets the needs of the organisation.
Who should manage my total reward programme?
Within your job description, you should specify that any applicant needs to have an understanding of total reward, and also have broad experience using the program. This will help you attract the right professionals to your job role and hire a person who is highly capable of working with the system.
A total reward specialist should also have the key attributes you would expect from HR professionals and compensation, benefits and reward experts. When interviewing your potential candidates, look for people with a good eye for detail as well as strong organisational and analytical skills. They should be able to communicate successfully, while also being both a team leader and player.
A good reward specialist will recognise the importance of appreciating hard work and dedication from employees, and not only through financial incentives and benefits. They may have previous experience in a recognition role that affords them an insight into the reward process using alternative methods to indicate gratitude for an employee’s efforts.
The recognition specialist is responsible for creating an effective reward and recognition program that allows for achievements to be measured accurately. This program should take in to account the work done by individuals and their independent workload, to avoid rewarding employees in an unfair manner.
For instance, one employee may be far more capable than another, both are given the same goals to achieve yet the more skilled of the two has an increased number of responsibilities which are not taken into account when it comes to rewarding employees. It may even be that the less-capable of the two exceeds the goal while the other does not because they are focussed on their added tasks.
In a situation such as this it is crucial that employees receive recognition that is appropriate to their achievements, and a skilled recognition specialist would ensure that this was accurately determined according to the business’s reward policy.
Recruitment support from Portfolio CBR
Employers looking to recruit a specialist who can deal with the complexities involved in total reward jobs often turn to Portfolio CBR.
As specialists in compensation, benefits and reward recruitment, we can provide you with a bespoke level of support throughout the entire process. Whether you would like us to manage the entire recruitment campaign or just want a second opinion from industry experts, our consultant will work hard to help you find the perfect candidate for the job role.
For further information on our specialist recruitment service, contact the team on 020 7650 3190.