COURSE OVERVIEW
Managing compensation, benefits, and remuneration (Reward management) deals with the strategies, policies and processes required to ensure that the contribution of employees to the organisation is recognised by both financial and non-financial means. It is about the design, implementation, and maintenance of reward systems (reward processes, practices, and procedures), which aim to meet the needs of both the organization and its stakeholders.
COURSE OBJECTIVES
At the end of the course, participants will be able to:
– Describe the conceptual framework of reward management
– Explain the fundamentals of reward management
– Establish job values and relativities
– Develop grade and pay structures
– Identify types of employee benefits, allowances, and pension schemes
– Relate reward and performance
COURSE HIGHLIGHTS
• Reward Management Overview
• The Context of Reward Management
• Approaches to Total Reward
• The Concept of Reward Strategy
• Developing and Implementing a Reward Strategy
• Reward Policies
• Factors Affecting Pay Levels
• Job Evaluation Schemes
• Market Rate Analysis
• Grade and Pay Structures
• Performance and Reward
• Employee Benefits and Pension Schemes
TARGETED PARTICIPANTS
– HR professionals
– Line Managers
– Senior Managers
– Senior Supervisors