# What are Total Rewards?

Total rewards include salary, bonuses, benefits, equity, learning, and wellbeing. SMEs communicate the whole package to show value beyond base pay. Clear messaging improves acceptance rates and engagement.

Source: https://faqtic.co/glossary/total-rewards

## Why it Matters for SMEs

- Shows full value
- Improves offers
- Boosts engagement

## Example in Practice

A total rewards summary is shared in Factorial documents.

## Frequently Asked Questions

### Is equity required?

No, but it can help hiring.

### How to present value?

Use a total rewards statement.

### Track in HR tools?

Yes, with documents and fields.

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