HRM 200 FINAL PROJECT: TOTAL
REWARDS STRATEGY PROPOSAL
{LATEST 2026 -2027 update}
QUESTIONS AND ANSWERS 100%
CORRECT
Total Rewards Proposal
Southern New Hampshire University
HRM-200-H7966 Human Resource Functions 24EW3
Mona Earnest
February 19th, 2024
lOMoAR cPSD| 58
, lOMoAR cPSD| 58680862
1
Total Rewards Overview
Using effective and inclusive rewards packages, a total rewards strategy develops a workforce
that is motivated towards excellence and grows with the organization. Employers offer their
workers a combination of benefits, perks, incentives, guidelines, processes, programs, and other
types of rewards. (Gardner, R 2021)
Educating employees on current offerings can also contribute to retaining top talent through
employee total rewards programs. As a result, they can take full advantage of everything a
business has to offer. Employees also value flexibility in the workplace and benefits programs.
(What Are Employee Total Rewards and Why Should You Implement Them? n.d.)
Total Rewards Package
A total rewards package can be used to attract and retain employees, help form a better
workplace, and ensure that employees become more productive.
Rewarding employees boosts productivity and lowers turnover rates in companies. (Why Total
Rewards Is Critically Important for Employers in 2023, 2023)
Employee total rewards are a combination of monetary rewards and non-monetary rewards. A
total rewards package consists of things other than an individual's base salary or base pay, such
as:
• Healthcare, vision, and dental insurance
• Disability insurance, employee assistance programs, financial counseling, or critical
illness coverage
• Bonuses, commission, and profit sharing
REWARDS STRATEGY PROPOSAL
{LATEST 2026 -2027 update}
QUESTIONS AND ANSWERS 100%
CORRECT
Total Rewards Proposal
Southern New Hampshire University
HRM-200-H7966 Human Resource Functions 24EW3
Mona Earnest
February 19th, 2024
lOMoAR cPSD| 58
, lOMoAR cPSD| 58680862
1
Total Rewards Overview
Using effective and inclusive rewards packages, a total rewards strategy develops a workforce
that is motivated towards excellence and grows with the organization. Employers offer their
workers a combination of benefits, perks, incentives, guidelines, processes, programs, and other
types of rewards. (Gardner, R 2021)
Educating employees on current offerings can also contribute to retaining top talent through
employee total rewards programs. As a result, they can take full advantage of everything a
business has to offer. Employees also value flexibility in the workplace and benefits programs.
(What Are Employee Total Rewards and Why Should You Implement Them? n.d.)
Total Rewards Package
A total rewards package can be used to attract and retain employees, help form a better
workplace, and ensure that employees become more productive.
Rewarding employees boosts productivity and lowers turnover rates in companies. (Why Total
Rewards Is Critically Important for Employers in 2023, 2023)
Employee total rewards are a combination of monetary rewards and non-monetary rewards. A
total rewards package consists of things other than an individual's base salary or base pay, such
as:
• Healthcare, vision, and dental insurance
• Disability insurance, employee assistance programs, financial counseling, or critical
illness coverage
• Bonuses, commission, and profit sharing
