Total Reward Compensation .

Running head: TOTAL REWARD COMPENSATION 1
Total Reward Compensation
Student’s Name
Institution Affiliation

TOTAL REWARD COMPENSATION 2
Total Reward Compensation
BRUCE LEE INC.
Hiring Manager,
Bruce Lee Inc.
Dear Ade Okoye,
RE: TOTAL REWARDS PACKAGE PROPOSAL
We are writing with our intent to employ and retain you in the company by ensuring that you
have a satisfactory working environment regarding compensation for your work with the
company by offering you a Total Rewards Package.
Total Rewards Package is a combination of monetary and non-monetary benefits that an
employer offers to an employee to ensure that he or she feels motivated enough to work at
optimum levels (Bussin & Van Rooy, 2014). In Bruce Lee Inc., we value our employers and we
endeavor to ensure that most of their needs are covered. We believe that an employee will work
at optimum levels when he or she is psychologically settled in that he/she earns enough to cater
for his basic needs and wants, has a proper work/life balance, has clear prospects of career
advancement, and has a secure future. We aim at ensuring that we have satisfied employees to
avoid the high turnover and accompanied costs associated with the same (Thomas, 2009).
To this end, Bruce Lee Inc. is offering you, Ade Okoye, a Total Rewards package which includes
the following:
I. Basic Pay: the median annual pay for Engineers with your experience and competence
in Canada is $64,129 (Average Mechanical Engineer Salary, 2018). The company is
offering $64,300 to you as the basic pay. There will be annual increments based on the
inflationary rate.
II. Sign on bonus: $5000 paid on recruitment
III. Variable Pay: this category of the compensation package will be based on your overall
performance in the company within a year and will be paid out as bonuses at the end of
the year (up to $2,869).
IV. Long-term Incentive Pay: Bruce Lee Inc. seeks to reward its long-serving employees
with restricted ownership rights including stock options, stock and performance shares
as an incentive for the employees who work hard and stay with the company for a long
time.
V. Benefits: the company offers health, disability, dental and life insurance for its
employee. Also, the company contributes part of the employee retirement
contributions. As part of income protection, the company has a policy of pay for time
not worked, for situations such as sickness, bereavement and official leave.
VI. Work-Life Balance: the aim of providing a favorable work-life balance to employees is
to ensure that they are able to attain personal goals while performing optimally at their