Total rewards Glossary
/
Total Rewards

Total Rewards

Total Rewards

Total rewards refer to the combination of all the benefits, incentives, and compensation that an organization offers to its employees in exchange for their work. These rewards go beyond just a salary or base pay and may include things like health insurance, retirement benefits, paid time off, bonuses, and recognition programs.

Ready to elevate your recognition game?

Total rewards can be intimidating—but Awardco makes it easy to build culture, drive behavior, and recognize the good around you. Learn more about how we help enhance your total rewards today.

What is the importance of total rewards?

By offering a comprehensive package of rewards, companies can create a culture of recognition and appreciation that helps attract and retain top talent. With lackluster total rewards, employees are going to look elsewhere for work sooner or later.

How do total rewards drive employee engagement and motivation?

Total rewards provide a tangible and meaningful reward for employees’ hard work and contributions. They help take care of employees’ personal and professional needs. And when employees feel supported and taken care of at work, especially if total rewards cover more than the bare minimum, they’ll respond with greater engagement, motivation, and loyalty.

Best Practices

Best practices

‍

What are some best practices for improving total rewards?

The best way to improve your total reward offerings is by offering more than what’s standard. Compensation, benefits, employee recognition, work-life balance, and development opportunities are great facets of total rewards to see where you can improve.

Companies can also improve their total rewards by regularly soliciting feedback from employees and making changes based on that feedback. Find out what would be most meaningful to the employees and then improve total rewards accordingly.

Ready to see Awardco in action?

See how Awardco will build culture, incentivize performance, and power engagement in your organization.

 
Build culture, incentivize performance, and power engagement. All in one place.
English (CA)
Platform
OverviewRecognitionCelebrationsIncentivesBenefits & PerksRewardsIntegrationsReportingAwardco Intelligence
Solutions
OverviewUse CasesRoleBusiness SizeIndustry
Why Awardco
Why AwardcoAmazon BusinessCentre of ExcellencePlatform SupportCustomer StoriesAwardco AdvocatesSecurity & CompliancePlansRequest for ProposalGet a Demo
Resources
Resource LibraryBlogResearch & ReportsNewsroomTotal Rewards GlossaryKnowledge BaseACO CommunityROI CalculatorBudget CalculatorCompetitor GuideContact Support
Events
Upcoming EventsOn-Demand WebinarsSHRMRCGNZ Summit 2025
Company
About UsCareersRecognize the GoodCorporate ResponsibilitySustainabilityDEIPrivacy PolicyContact Us
© 2025 Awardco
Your Privacy Choices
*A-Pay® card Visa Commercial Credit cards are issued by Celtic Bank.

Privacy at Awardco

We value the trust you’ve placed in us when you provide us with your personal information. We use that information as detailed in our Privacy Notice

You can make certain privacy requests, but those options vary by state. We will fulfill these requests as determined by your state of residence.  

Creating a Privacy Request

What request would you like to make?
We need some information about you to authenticate your identity and process your request.

Thanks for your message!

We will reach back to you as soon as possible.

Oops! Something went wrong while submitting the form.
No actions available at this time

We are committed to consumer privacy and provide choices where we can about opting-out of marketing messages or using web browsers with privacy functionality built into the service. Download here.

At this time, additional requests are not available in your state of residence.  Should state or federal law change, we will evaluate how to offer more privacy choices to you in the future.  

We use cookies to improve your browsing experience, personalize content, and measure traffic.
‍By accepting all, you consent to the use of cookies for marketing, personalization, and analytics. You can manage your preferences and withdraw consent at any time. Learn more in our Privacy and Cookie Policy.

PreferencesRejectAccept
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Preferences