The term "total rewards" refers to the sum of all benefits, both monetary and non-monetary, that an employee receives in return for their work. Total rewards programs can assist businesses in attracting and retaining top talent, boosting employee engagement, and enhancing job satisfaction overall.
Base salary, performance-based bonuses, health insurance, retirement plans, and other benefits like employee discounts, flexible work arrangements, and wellness programs are typically included in total rewards packages in the GCC, KSA, and UAE. To ensure their effectiveness, total rewards programs should be tailored to employees' preferences and requirements.