within 3 categories: 1) Compensation (extrinsic) monetary 2) benefits (extrinsic) 3) non-monetary rewards(intrinsic) Work experience category is FURTHER split into 3 parts resulting in five categories of total rewards 1) work-life programs 2) performance and recognition 3) development and career opportunities The total rewards approach (vs. approach of managing different elements of compensation in isolation) came from the changing business environment. The economies of developed countries became…
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