Course Description
By monitoring both cashable and non-cashable tangible benefits that are directly aligned to strategic investment, benefits management helps provides clear, objective evidence as to how the investment is performing.
This 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 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.
What Do Participants Learn?
- 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 Should Attend?
- HR Staff
- Compensation And Benefits Specialists
- More Senior Hr Staff Who Are Interested In The Strategic Value Of Compensation And Benefits
- Line Managers And Senior Staff
- Others Who Wish To Understand About This Important Subject
What Will the Learning Experience Include?
Phase: 1
Introduce
- Comprehensive pre-program activities include:
- Web-based information forms & surveys completed by attendee.
- Direct consultation with the attendee about the expectations.
- During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
- Participants learn from expert trainers who have both academic and business experiences.
- Highly applicable training content & instructive activities for adding depth to training topics.
- **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Phase: 2
Explore & Practice
Phase: 3
Apply
- Apply & sustain the learning experience by using this ongoing support:
- To ensure participant has new skills or behavior progress.
- Optional, fee-based mentoring & coaching with the trainer.
- Training materials & additional documents (e-books, pdf files, presentations and articles)
- Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
- Participant's Evaluation
- Trainer's Evaluation
Phase: 4
EVALUATE
Section 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
Section 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
Section 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
Section Four: Employee Involvement
- Employee Engagement
- Employee Participation
- Trades Unions And Employee Representatives
- Consultation
- Involvement In And Support Of Change
- Practical Activities
Section Five: Current Good Practice
- Flexible Benefits
- National Minimum Wage
- Commissions And Sales Staff
- Profit-Sharing
- Case Study
- Action Planning