Total Rewards Executive Summary and Philosophy Statement

Scenario You are the Director of HR at a publicly traded company. The strategic leadership of the company recently approved the implementation of a total rewards system for employees. This initiative will be the first time a total rewards approach will be used in your company. Therefore, a great deal of prior planning and design must be completed as part of the project. The CEO has named you as the head of the implementation team for this initiative and asked you to create an executive summary detailing the implementation of a total rewards system. You realize that a critical early step is to create the company’s total rewards philosophy statement, as this will be needed to ensure the total rewards system is in alignment with management values, organizational mission, goals, and culture. Instructions Create an executive summary with a comprehensive total rewards philosophy statement