REWARDS MANAGEMENT: COMPENSATION PACKAGES AND SALARY STRUCTURES
₦205,000.00
Content
Rewards Management System
Strategic Reward Management
Tools and Techniques of Rewards
Industrial Relations Practice
Rewards and Compensation Packages
Performance Management
Defining Performance of the Organization, Unit and Individual Level
Performance Criteria Measures and Standards
Link Between Performance and Rewards
Role of HR and Management
Determining the Role of HR and Management
Communicating the Administration Programs
Develop and Executing Strategies
Direct Compensation Programs
Developing Policies and Decision Making
Communicating Rewards Strategies and Program
Evaluating Strategy Effectiveness
Managing Change to Strategies and Program
Five Elements of Total Rewards
Compensation
Benefits
Work-Life
Performance and Recognition
Development and Career Opportunities
Base Pay Management
Developing a Pay Structure
Administering Individual Pay Rates
Program Administration and Evaluation
Designing and Documenting Employee Roles
FOR WHOM: Directors, Heads of Departments, Human Resources Managers, Managers, Supervisors, Team Leaders, Office Managers, and others who are involved in rewards and compensation.
One of the effective means of boosting organizational performance is the maintenance of an effective rewards and compensation system. This is because individual employee performance and overall organizational performance are significantly affects by the type of reward system used by the Organizations. Researchers have shown that organizations perform optimally when their employees are properly rewarded with efficient salaries and wages. Learn what is required to formulate a rewards program that has the power to attract, motivate and retain total rewards. Participants are introduced to the total rewards model and each of its components. Emphasis is given to the five elements of total rewards: Compensation, Benefits, Work-Life, Performance and Recognition, Development and Career Opportunities. By the end of this workshop, participants will be able to:
Understand the critical role of the main drivers – organizational culture, business strategy and human resources strategy
Enhancing the ability to use reward system to boost the performance of their organization
Understand total rewards management and the five elements of total rewards
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