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Today, organisations acknowledge the important role reward programs play in contributing to business success. TCEC will provide a proper total reward strategy to attract, motivate and retain competent employees.
The total reward strategy covers the financial and non-financial rewards including the following five elements: Salary Pay, Benefit, Work-life Balance, Performance and Recognition, Development and Career Opportunities.
Fixed Pay
Variable Pay
Short-term Incentive Pay
Long-term Incentive Pay
Social Insurances
-- Pension Insurance
-- Medical Insurance
-- Unemployment Insurance
-- Work Injury Insurance
-- Maternity Insurance
-- Housing Payment Insurance
Pay for Time Not Worked
-- At work (breaks, clean-up time)
-- Away from work (vacation, company holidays, personal days)
Workplace Flexibility
Paid and Unpaid Time Off
Health and Well-being
Caring for Dependents
Financial support
Awards can be cash or non-cash such as:
Verbal Recognition
Certificates
Plaques
Tickets
Learning Opportunities
-- Tuition Assistance
-- Attendance at Outside Seminars, Conferences
Coaching/Mentoring
-- Formal or Informal Mentoring Programs
-- Access to Experts/Information Networks
Advancement Opportunities
-- Job Advancement/Promotion
-- Succession planning
