Course Objective:
Compensation & Reward Management
The aim of this 2-day course is to enable participants to get a better understanding of the latest advanced best-practice approaches for remuneration design and benchmarking and give practical guidance to enable you to implement your own plans, and achieving better business results through a more effective approach to pay benchmarking based upon annual total remuneration, looking at all components of the total annual remuneration package.
Managing Pay-For-Performance and Merit Pay
Course Objectives:
This course will provide you with the guidance to manage your annual pay review process and implement merit-pay as part of your overall approach for managing pay-for-performance, which will assist the company to attract and retain employees in an increasingly competitive pay market. This course will explain how to manage performance ratings and how to analyse the distribution curve of performance ratings. This course will explain in practical detail how to link pay with performance, especially through the annual pay review process and using merit-pay awards.
Course Facilitator: Robert Mosley
Key Benefits:
Increase your business performance and employee effectiveness through implementing compensation and reward systems that attract, retain and motivate staff
Align your basic salary structures and grades and compensation and reward systems to your business objectives and human resources strategy
Discover practical steps for implementing a grading system with a basic salary structure and pay scheme or for updating your existing compensation structures
Discover practical steps for implementing a range of advanced compensation techniques including advanced methods of market pay benchmarking, and advanced tools for managing pay-for-performance.
Develop solutions for your own compensation and reward issues and challenges based upon practical case studies and interactive course and clinic discussions
Network with your fellow course delegates and course tutor to discuss practical issues related to compensation and reward management that will help you in your workplace
Who Should Attend?
These courses are designed for everyone who require an in-depth advanced knowledge of working with and managing salary structures and compensation and reward issues, including both HR generalists and for all specialists who work in Compensation and Benefits, and anyone in HR who wish to develop their skills in Managing Merit-Pay and Pay-For-Performance and Managing Retention bonus schemes.