Course description
It’s the role of reward specialists and HR professionals to ensure that their organisation’s pay and benefit solutions align with their organisational objectives and are competitive in the wider employment market. To do this they must typically combine a range of pay and benefits into a flexible total reward framework to meet the diverse needs of employees.
People professionals need to be able to understand and confidently articulate the reasoning and implications behind pay setting and performance related pay.
Informed by the latest CIPD research and facilitated by a leading reward specialist, this course will provide you with the comprehensive and practical skills you need. You’ll be able to lead in discussions on differing pay structures, identify the strengths and weaknesses of the various pay models, and ensure pay fairness.
It’ll equip you with the tools you need to implement pay strategies that align to your organisation’s vision and strategy, and to effectively carry out good practice and manage issues which may emerge.
All CIPD Learning courses will automatically provide you with access to the CIPD Learning Hub, our online learning platform, for 24 months. The hub will house your course content, as well as useful resources, tools, and a community of professionals that you can tap into to support your learning and continual development.
Do you work at this organisation and want to update this page?
Is there out-of-date information about your organisation or courses published here? Fill out this form to get in touch with us.
Suitability - Who should attend?
Is This Course Right For Me?
This course is designed for professionals who work in, or have experience working in, employee reward, compensation and benefits. It’s also relevant for those looking to enhance their overall understanding of pay structure and design.
Outcome / Qualification etc.
The objectives of this course are:
- critically evaluate job evaluation schemes
- describe pay structures and how to choose and set them
- explain equal pay, pay progression and the options available
- define and assess performance related pay
- explain the key features of bonus payments and how to benchmark
- understand the features and considerations in sales incentives and commission.
Learning outcomes
By the end of this course, you’ll be able to:
- confidently describe, design and manage a pay structure for your organisation
- use job evaluation and other such criteria to ensure pay fairness across your organisation
- ensure pay strategies are aligned to organisational needs and vision.
Training Course Content
The small group sessions and interactive exercises will cover the following topics:
- Job evaluation – the how and why of sizing roles
- Pay setting and structures – why we pay what we do and how we manage this
- Pay progression and equal pay
- Performance related pay – the why and the how – is it the right thing to do?
- Bonus payments – how are they structured; do they work?
- Sales incentives and commissions – how are they used, what are the solutions/alternatives?
Course delivery details
This course is delivered virtually over 2 consecutive days. Each day has 4 hours of facilitated online learning. An estimated 6 hours of self-directed learning is recommended after the course.
Why choose CIPD Learning
100+ years of experience
Join over 25,000 professionals currently studying
30+ short courses
Expenses
Course Price: £880.00 exc. VAT