Workshop Overview
Building an equitable compensation and benefits system is crucial for each organization in order to keep its key talents and to stay competitive in the market.
This course is designed to enable delegates to get a better understanding of the latest advanced best practice approaches for performance-related-pay and retention plans.
You will get practical guidance to implement your own plans, and achieve better business results through a more effective approach to designing pay-for-performance remuneration plans, including SIPs (Sales Incentive Plans). It will also give practical guidance to enable you to implement your own plans, and achieve better business results through a more effective approach to designing compensation plans.
Key Learning Outcomes
By the end of this interactive course, the attendees will be able to:
- Design a comprehensive compensation system.
- Covering the strategic impact of motivation and the links to pay.
- List the benefits of job evaluation and choose an appropriate system for your own organization.
- Assess and provide advice on regional compensation practices.
- Recite the principal steps in a compensation survey and answer questions relating to the criticality of job matching to the success of any compensation survey.
- Define and demonstrate an understanding of the importance of compensation to the overall aims of human resources management.
Target Audience
- Human Resource Professionals.
- Those working in or recently transferred to compensation, benefits or reward positions.
- HR staff who are responsible for the administration of benefits or reward.
- HR Business Partners
- Anyone involved in salary, pay, and conditions of work.
- Managers and team leaders involved in reward issues
Methods of Delivery
This training course will combine:
- Presentations with instructor-guided interactive discussions between participants relating to their individual interests.
- Practical exercises.
- Video material case studies.
- Presentations and group discussion in an active and participative way supported by reading and reference materials.
All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course material.
Course Details
- Course Date: 24-26 October 2021 (4 days)
- Number of Days: 3 Days
- Timing: 9:00 AM- 1:00 PM
- Language of the Course and Material: English
- Venue: Hotel Venue or Virtual Training
- Certificate: Certificate of Completion for delegates who attend and complete the training course
