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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