What Are the Benefits of Using the Total Rewards Model to Improve Work-Life Balance?

What Are the Benefits of Using the Total Rewards Model to Improve Work-Life Balance?

Some of the benefits of using the Total Rewards Model to improve employees' work-life balance are workplace flexibility, paid and unpaid time off, and financial support services. This model also encourages the involvement of management in everyday operations so that it can understand and implement workplace culture changes.

The Total Rewards Model consists of a workplace philosophy and a set of organizational practices designed to help employees succeed in their professional and personal lives. One of the central cornerstones of the model is the creation of workplace flexibility. The model offers employees different options, such as telecommuting and flex-time schedules, to complete their jobs while providing them the flexibility to attend to their personal responsibilities.

The Total Rewards Model advocates for paid and unpaid time off for employees beyond statutory requirements. Some examples include maternity and paternity leave, adoption leave and sabbaticals.

The work-life program also provides resources that help employees manage their financial responsibilities. Some of these resources are financial planning services and education, adoption cost reimbursements, transportation subsidies, and savings bond counseling.

Culture change initiatives within the Total Rewards Model focus on improving the workplace by changing the attitudes and behaviors that shape workplace culture. These initiatives aim to affect team effectiveness and increase workplace diversity.