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Why culture matters in creating a Total Rewards strategy

As talent management becomes a bigger factor in a business's success, pay and benefits decisions have become more complex.

Cultivating a strong “talent experience” (which is essential to attracting and retaining workers) is a combination of culture, total value proposition and inclusion and diversity. (Photo: Shutterstock)

Remember when employees worked a standard 9-to-5 job, clocking out and checking out at the end of the day, fulfilling a prescribed set of functions to which their success and performance was tied? Perhaps there was also a clear path of promotion and expected incremental salary increases.

That’s not how the modern workforce works. Today’s work environment isn’t a one-for-one exchange of production output for pay; it’s about creating a labor force with the skills and fluidity to meet the business goals of the company. It’s a much more complicated strategy, and the pay and benefits decisions to support that workforce have also gotten more complicated.

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Emily Payne

Emily Payne

Emily Payne is the current deputy editor for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.

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