REWARDS MANAGEMENT: COMPENSATION PACKAGES AND SALARY STRUCTURES

165,000.00

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.

 

DATE:                   24th – 26th January, 2024

                                7th – 9th August, 2024

 

Objective

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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