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Chapter One
Total Rewards: Everything
That Employees Value in the
Employment Relationship
Fifty years ago, when a group of visionary professionals formed what was to become
WorldatWork, the world of work and the world of pay were much simpler than
they are today. Compensation was the primary "reward" and benefits, still in their
infancy, were a separate and seemingly low-cost supplement for employees. The
concept of combining these things-let alone using them with still other "rewards"
to influence employee behavior on the job-was decades away.
Today we are only partially through an evolution from a largely industrialized
business environment to a far more virtual, knowledge- and service-based environment,
at least in North America and Europe. Among some major shifts:
Business increasingly operates as a global village, with work moving to different
parts of the world to take advantage of lower-cost labor and address ski ... read full excerpt from The WorldatWork Handbook of Compensation, Benefits & Total Rewards: A Comprehensive Guide for HR Professionals ebook
