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What Are the Elements of a Total Rewards System?Compensation and Benefits. Compensation refers to the various ways an employee earns money from the company. …Professional Development and Recognition. Professional development encompasses a broad spectrum of learning and advancement opportunities, such as tuition reimbursement, mentoring and defined advancement tracks.Work-Life Balance. …

Total rewards involves accounting for all the ways in which employees are compensated, both directly and indirectly. These all contribute to how employees feel about their work and how they’re valued at the employer. It offers a more dynamic and culture-wide way of understanding the relationships at play in a workplace, and it gives employers …

You can reach our Media Relations team. For benefits-related questions, contact the Total Rewards Service Center at 888-374-3343. For employment-related questions or concerns, contact Employee Relations at 800-932-2558. W-2 wage statement here.

…but with many more benefits as well. For one thing, a total rewards system has the ability to better engage employees’ family members, who may be interested in learning more about benefits and taking advantage of the ones that are extended to them.