Compensation and Rewards Management

$119

This course provides H-R professionals with a comprehensive insight into the core principles of effective compensation and benefits management, and how to create and manage workable and value adding pay grades and structures, and ensure compliance with regulatory requirements and employee representative body (union) aspirations. In addition, you will learn how to shape and manage employee reward schemes which support corporate strategic goals and promote loyalty and enhance employee retention.

Description

As a Human Resources professional, one of the most critical aspects of your role will be in understanding and helping to shape the compensation and rewards management strategy and processes within the organization. Compensation plays a central role in the recruitment and retention of staff, and effective management of the structures and practices associated with compensation and benefits policy can significantly influence employee morale and performance. Rewards management also plays a vita role in employee retention, and ensuring that the reward and recognition systems support the execution of corporate goals and objectives is a vital responsibility of the H-R department (and other line management).

This course provides H-R professionals with a comprehensive insight into the core principles of effective compensation and benefits management, and how to create and manage workable and value adding pay grades and structures, and ensure compliance with regulatory requirements and employee representative body (union) aspirations. In addition, you will learn how to shape and manage employee reward schemes which support corporate strategic goals and promote loyalty and enhance employee retention.

COURSE CONTENTS

This courses comprises the following lessons:

Lesson 1 – Getting Started

SECTION 1 UNDERSTANDING COMPENSATION

Lesson 2 – The Nature of Compensation

Lesson 3 – Pay Levels

Lesson 4 – Market Rates

Lesson 5 – Grade and Pay Structures

Compensation and Rewards – Quiz 1

SECTION 2: REWARDS STRATEGY

Lesson 6 – Rewards and Strategy

Lesson 7 – Rewards and Performance

Lesson 8 – Merit-based Rewards

Lesson 9 – Gainsharing

Lesson 10 – Stock-based Rewards

Lesson 11 – Non-Financial Rewards

Compensation and Rewards – Quiz 2

SECTION 3: SYSTEM DESIGN

Lesson 12 – Evaluating Reward Systems

Lesson 13 – Reward System Design

Lesson 14 – Wrapping-up

Compensation and Rewards – Quiz 3

Compensation and Rewards – Course Evaluation

CERTIFICATION: DOWNLOAD YOUR CPD CERTIFICATE ON COMPLETION

Certification

On completion of your course, you will be able to download a Certificate similar to the one here, which details your course and the CPD hours completed.

Sample Certificate 2

You may also like…