Course details

Overview ?

Why Choose this Course?

This exciting course looks at the basic building blocks of effective compensation and benefits administration and then goes on to explore the strategic dimensions - how the whole process can add real ‘value for money’ and help the organisation achieve its strategic objectives. In all organisations it is important that the administration and management of compensation and benefits is of the highest quality.

This course will feature:

An analysis of the current strategic issues facing organisations today
The strategic impact of pay and motivation
How organisations can encourage participation & engagement &achieve organisational objectives & profitability
How to design compensation to cope with change in both societal & organisational context
A toolkit of useful practices that will allow participants to scrutinize existing practices

What are the Goals?

By the end of this course, participants will be able to:

Develop a clear understanding of reward philosophy and strategy
Demonstrate how the component parts of reward strategy fit together
Explore issues surrounding the effective management of the human resource
Describe why staff are the most expensive resource of the organisation
Evaluate new practices that might benefit their organization

Who is this Course for?

This course will prove to be valuable and productive for all those who are interested in pay and reward, compensation and benefits. Participants of all levels will gain valuable knowledge and skills.

This course is suitable to a wide range of professionals but will greatly benefit:

HR staff who are responsible for the administration of benefits and reward
Compensation and Benefits specialists who are new to the area or are looking for a refresher course
More senior HR Staff who are interested in the strategic value of compensation and benefits
Line Managers and Senior Staff who are responsible for managing and motivating Staff – and need a better understanding of the impact of remuneration
Others who wish to understand about this important subject

How will this be Presented?

This course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes a variety of learning methods, including mini-lectures, extended case studies and self questionnaires.

There will also be small group work, class discussion and multimedia training aids. There will also be video clips and up to date news items.

The Course Content

Day One

Compensation and Benefits - Good Organizational Practice

Philosophy of reward
Pay structures and systems
Reward strategies and the psychological contract
Job grades and Career mapping
Job evaluation
Pay surveys

Day Two

Compensation and Benefits - in Context

Motivation models, money and motivation
Performance management and performance related pay
Competency frameworks
Team rewards
Upward and 360 appraisals
Contingent pay

Day Three

The International Perspective

International and multinational perspectives
The labour market and Human Resource planning
Equality and diversity
Job analysis
Dynamic organisations and change management strategies
The changing context and nature of the employment relationship

Day Four

Employee Involvement

Employee engagement
Employee participation
Trades Unions and Employee Representatives
Consultation
Involvement in and support of change
Practical activities

Day Five

Current Good Practice

Flexible benefits
National minimum wage
Commissions and sales staff
Profit sharing
Case study
Action planning

Day 1

Day 2

Day 3

Day 4

Day 5

Training Methodology

Course name

Duration

City

Price