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  Name: Institution:  Organizations use a variety of strategies and tools to improve performance and sustain growth  Total rewards systems have gained popularity  Their effective utilization benefits companies   Total rewards may be monetary, non monetary or both Organizations use them to motivate and retain employees  The total rewards system has five key elements: ▪ ▪ ▪ ▪ ▪ ❑ ❑ Benefits Work life balance Recognition Career development Compensation Employees who enjoy the comprehensive reward system are always productive High performance employers like Starbucks use the rewards system to achieve organizational goals and objectives  Comprehensive Healthcare System that benefits full time and part time employees  Basic Insurance Cover  Accidental Death and Dismemberment Coverage  Disability Plan  Employee Assistance Program  The Caring Unites Partner’s Fund offers financial help  The Adoption Assistance Policy helps orphans  The Tuition Reimbursement addresses training needs  The Vacation Benefit Package motivates employees  Its Savings plan secures the future of employees  The Bean Stock Reward System benefits employees financially  Its Perks for Partner’s arrangement is all-inclusive comprising of: ❖ The Coffee and Tea Mark-out ❖ The In-store Merchandise Discount ❖ The Partner Gold Program ❖ The Partner Wellness Initiative ❖ The Partner Reco ...
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