Total rewards encompass all the benefits that a company provides to its employees, beyond just their base salary and incentives. These rewards play a crucial role in a company’s business and human resources strategy as they aid in attracting, motivating and retaining the right talent, shape the company culture and reputation, and balance the needs of the business with the wants of employees.

With the ever-changing business climate and fluctuating economies, it is vital to have accurate data on compensation and benefits to ensure fair pay. Additionally, utilizing comprehensive rewards benchmarking, backed by expertise, can prevent wasting resources on inappropriate rewards. By offering a comprehensive package of total rewards (financial and non-financial) that engage and inspire employees to go above and beyond, the company and its employees both benefit.