My view is that Reward is not just about the monetary aspect, a total rewards approach will help retain talent. What is your view?

I agree with you. When looking at rewarding your workforce you should look at most aspects of living. Of course you have to understand that money is primary but you have to understand that if you only focus on money you might end up with a bigger expense to retain your people and you might not effectively develop them and this will still lead to high tun over rates.