25. THE TOTAL REWARDS STRATEGY TRANSFORMATION THROUGH TIME AND TRENDS IN ACCORDANCE WITH HUMAN RESOURCE STRATEGY

Ilir Kastrati
Reward Manager at Hirslanden Private Hospital Group, Switzerland

Abstract
Total Rewards strategy has been used more and more by managers of national and international companies. HR
management treats reward management strategies and approaches in the same way that it treats recruiting,
talent and development. Therefore, the Total Rewards strategy needs to be analysed and practiced in
accordance with company and HR strategies. In this article, we present the Total Rewards strategy
transformation through time and trends in accordance with HR strategy and indirectly its influence on
organisational strategy.

Key words: HRM, compensation, HR strategy, Total rewards strategy.

JEL Classification: M12, M52

Journal of Human Resource Management
Comenius University in Bratislava
Faculty of Management
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