Remuneration, Benefits & Compensation Management

Remuneration, Benefits & Compensation Management

OBJECTIVES

• Understand how to match reward to the business strategy and culture.
• Be able to apply the basic principles to pay and management of pay systems.
• Be able to assess current influences on reward strategy and practice.
• Be able to identify the impact of job evaluation on the delivery of both reward and overall HR strategy.
• Be able to identify the main features and practices of performance-related pay, bonus and commission schemes, skills-based and competency-based pay schemes relating to both individuals and teams and apply this to their own organization.

WHO SHOULD ATTEND?

HR/Personnel Directors, Compensation & Benefits Managers, Personnel Managers, Personnel Generalists, Senior HR & Pay Professionals, Line Managers, Superintendents, and Personnel Officers.

COURSE OUTLINE

• Aims and objectives of a job evaluation system
• Definition of a reward system
• Job evaluation, grading and pay structures
• Managing pay reviews
• Competencies-related pay
• Skills-based pay
• Incentives/ Executive pay.
• Techniques / other benefits