This course looks at the basics 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 organization achieve its strategic objectives. In all organizations, it is important that the administration and management of compensation and benefits are of the highest quality.
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 organization
Evaluate new practices that might benefit their organization
Who Should Attend?
Anyone involved in HR planning
Anyone who is or will be responsible for human resources management
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
Day Two: Compensation and Benefits – in Context
Motivation models, money, and motivation
Performance management and performance related pay
Upward and 360 appraisals
Day Three: The International Perspective
International and multinational perspectives
The labor market and Human Resource Planning
Equality and diversity
Dynamic organizations and change management strategies
The changing context and nature of the employment relationship
Day Four: Employee Involvement
Trades Unions and Employee Representatives
Involvement in and support of change
Day Five: Current Good Practice
National minimum wage
Commissions and sales staff
NOT INTERESTED IN THIS COURSE?
We always want to improve the quality of our courses. Please select any reasons why you feel this course is inadequate (check all that apply).