Drexel University Total Rewards Model Inventory Discussion Questions

Description

Article 2: WorldatWork Total Rewards Model Inventory

  1. What are your suggested top 10 most important items to include in operationalizing your Total Rewards strategy?( Check the boxes It is marked in green )
  2. Why are they important? Provide a few words with each of the top 10 items listed.

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T O T A L
Compensation
Benefits
Base Wages
Legally Required/Mandated
F Salary Pay
F Hourly Pay
F Piece Rate Pay
F
F
F
F
F
Premium Pay
F
F
F
F
F
F
F
Shift Differential Pay
Weekend/Holiday Pay
On-Call Pay
Call-In Pay
Hazard Pay
Bilingual Pay
Skill-Based Pay
Variable Pay
F Commissions
F Bonus Programs
F Referral Bonus
F Sign-On Bonus
F Retention Bonus
F Project Completion Bonus
F Spot Bonus
F Quality Bonus
F SPIFF
Incentive Programs
F Short-Term
F Profit Sharing
F Individual Performance-Based
F Performance Sharing
F Long-Term
F Performance Shares
F Stock Options/Stock
Appreciation Rights (SARs)
F Restricted Stock/
Restricted Stock Units
F Performance Cash
F Employee Stock Purchase Plan
Severance Pay & Outplacement
Services
Unemployment Insurance
Workers’ Compensation Insurance
Social Security
Medicare
State Disability Insurance
(if applicable)
Health & Welfare
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
Medical Plan
Dental Plan
Vision Plan
Prescription Drug Plan
Flexible Spending Accounts (FSAs)
Health Reimbursement
Accounts (HRAs)
Health Savings Accounts (HSAs)
Behavioral Health Plan
Telemedicine Services
Employee Life Insurance
Spouse/Domestic Partner/Dependent
Life Insurance
Accidental Death and Dismemberment
(AD&D) Insurance
Short-Term/Long-Term
Disability Insurance
Global Wrap Benefits
Adult Disabled Dependents
Adoption reimbursement
Retirement
F Defined Benefit Plan
F Defined Contribution Plan
F Nonqualified Deferred
Compensation Plan
F HSA for Retirement
F Retiree Health care Benefits
F Retirement Transition
Program/Benefits
Pay for Time Not Worked
F
F
F
F
F
F
F
F
F
F
F
F
Vacation
Holiday
Sick Leave
PTO Bank
Bereavement Leave
Jury Duty
Pet Bereavement
Parental Leave
Adoption Leave
Sabbaticals
Paid Leave Bank
Personal Leave
R E W A R D S M O D E L
I N V E N T O R Y
Benefits (continued)
F Shared Leave Program
F Military Leave and
compensation offsets
F PTO Donation, Sale or
Conversion Program
Voluntary Benefits
F
F
F
F
F
F
F
Long-Term Care
Auto/Home Insurance
Pet Insurance
Legal Insurance
Employee Discounts
Concierge Services
Parking
Perquisites
F
F
F
F
F
Company Car/Car Allowance
Mobile Phone
Laptop Computer
Free Food
Transportation accounts
Workplace Well-Being
Workplace Culture
F Diversity/Inclusion Initiatives
F Work Environment Initiatives
F Results-Based Work Environment
Work Flexibility
F
F
F
F
F
F
F
F
F
F
F
F
F
Telework
Full-Time Remote
Flex time
Compressed Workweek
Shift Flexibility
Part-Time/Reduced Work Schedule
Job Sharing
Phased Return to Work
Seasonal Schedules
Phased Retirement
Career On/Off Ramps
Alternate Worksites
Integration of employed
and gig workers
Physical Well-Being
F
F
F
F
F
Employee Assistance Program
Outcomes-Based Wellness Program
Participatory Wellness Program
Health Risk Assessments
On-Site and Remote
Biometric Screenings
worldatwork.org
1
T O T A L
Workplace Well-Being
(continued)
F Wellness Screenings
F On-Site Fitness Facilities
F Fitness Club Memberships or
Subsidized Club Rates
F Weight Management Program
F Tobacco Cessation Program
F On-Site Massage
F Stress Management Programs
F Immunization Clinics
F Nutritional Counseling
F Healthy Cafeteria options
F Healthy Vending Machines
F Wellness Challenges
F On-Site Health Clinic
F On-Site Nurse p 24-Hour Nurse Line
F On-Site Seminars (well-being,
parenting, etc.)
F Health Coaching Health Fairs (on
site, virtual)
Community Involvement
F Corporate Social
Responsibility Programs
F Green Initiatives
F Disaster Relief Funds
F Alumni Networks
F Community Volunteer Programs
(paid/unpaid)
F Matching Gift Programs
F In-Kind Donations
F Employee Grants for
Community Service
F Team-based volunteer experiences
Caring for Dependents
F Resources and Referrals
(childcare/elder care)
F Childcare Spending Accounts,
Subsidies and Vouchers
F Discount Programs with
Local and National Providers
F On-Site Childcare/Elder-Care Center
F Emergency Backup Care (center-based,
in-home or elder-care services)
F After School-Care Programs
F Summer or Holiday Camps
F Special Needs Care (child/adult/elder)
F Dependent Care Travel-Related
Expense Reimbursement
F Caregiver Support
F Special Dependent-Care Services
Workplace Well-Being
(continued)
Financial Well-Being
F Financial Well-Being Program
F Financial Planning
Services and Education
F Tax Preparation Assistance/Services
F Adoption Reimbursement
F New home down payment assistance
F Scholarships/Student Aid/Loans)
F Commuter Benefits
F Transit Subsidies
F Pretax Parking Benefits
F College Savings Plans
F College Loan Repayment Programs
F Emergency Savings Programs
F Identity Theft Insurance
F Outplacement or severance benefits
Recognition
F Culture of celebration
F Informal and formal
communication mechanisms
F Service Awards
F Retirement Awards
F Peer Recognition Awards
F Spot Awards
F Managerial Recognition Program
F Organization-wide
Recognition Program
F Employee of the Month/Year Awards
F Appreciation Luncheons,
Outings, Formal Events
F Goal-Specific Awards (quality,
efficiency, cost savings,
productivity, safety)
F Employee Suggestion Program
F Major Career Events
F Major Family Events
R E W A R D S M O D E L
I N V E N T O R Y
Development
Growth and Feedback
1:1 Meetings
Coaching
Mentoring
Performance Planning/Goal
Setting Sessions
F Performance Reviews
F Project Completion/Team Evaluations
F Pay Alignment and
Connection with Rewards
F
F
F
F
Learning Opportunities
F
F
F
F
F
F
F
F
F
F
F
F
On-the-Job Learning
Stretch Assignments
Tuition Reimbursement
Tuition Discounts
Corporate Universities
New Technology Training
Outside Seminars and Conferences
Classroom Learning
Virtual Learning
Podcasts, Webinars
Self-Development Tools
On-Line Degree Programs
Coaching/Mentoring
F
F
F
F
F
Leadership Training
Exposure to Resident Experts
Access to Information Networks
Formal or Informal Mentoring Program
Executive / Leadership coaching
Advancement Opportunities
F Equal opportunity job
posting/selection
F Job advancement including
lateral and promotion
F Internships
F Apprenticeships
F Overseas Assignments
F Career Ladders, Lattices and Pathways
F Talent and Development Planning
F Succession Planning
F On/Off Ramps Through
Career Life Cycle
F Job Rotations
F Returnship Programs
worldatwork.org
2

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