6.9. Summary
Total rewards packages are a key factor in virtually every organization's quest to attract and retain employees who are best qualified to achieve its goals. The total rewards package is guided by the corporate mission and goals and reflects its organizational culture. The culture in particular impacts the intrinsic and extrinsic rewards that employees derive from their work. TR philosophy drives the organization's ability to attract, retain, and motivate its employees to meet strategic objectives.
TR philosophy is impacted by internal considerations such as an organization's willingness and ability to provide compensation and benefits that lead, meet, or lag the market. Whether an organization chooses a performance culture that ...
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