Course description
Smart employers know that keeping quality employees requires providing the right compensation and benefits package. Compensation includes wages, salaries, bonuses and commission structures. Properly compensating employees shows you value them as workers and as human beings. When people feel valued, they feel better about coming in to work.
Overall, company morale increases and people are motivated to come to work and do a good job. Additionally, when employees know there are bonuses or commissions, they are increasingly motivated to deliver grander results. Bonus and commission compensation plans become a focal point for success.
The compensation, Benefits Administration & Reward Management training course will utilise detailed case studies and the latest research to explain reward strategies from an administrative, strategic and human perspective. Managing reward is directly linked to performance, productivity, turnover, attitude and the overall health of an organisation Compensation, pay, benefits, salary, and even praise make up what is called ‘reward’. The reward is an integral and vitally important part of the fabric of any organisation, from small to large and from the government to private
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
Compensation, Benefit Administration & Reward Management training course is ideal for:
- Human Resource Professionals
- Those working in or recently transferred to compensation, benefits or reward positions
- HR staff who are responsible for the administration of benefits or reward
- HR Business Partners
- Anyone involved in salary, pay and conditions of work
- Managers and team leaders involved in reward issues
Outcome / Qualification etc.
By the Compensation, Benefit Administration & Reward Management training course, participants will be able to:
- Describe the key economic, psychological and motivational concepts that influence reward
- Discuss the role of reward strategies and policies in an organisation
- Contribute to the administration of employee-reward policies and processes
- Differentiate between the factors that influence employee satisfaction with the reward system
- Defend the case for non-financial rewards in attracting, retaining and motivating people
- Design a strategic reward plan
Training Course Content
Day 1
Performance, Performance Related Pay and Motivation
- Performance Management
- Development and training
- Performance related pay
- Current best practice examples
- Contribution related pay
- Case study of reward practice at Netflix
Day 2
Administration of Reward Equality and Inequality in Pay
- The administration of reward
- Salary and pay surveys
- Job evaluation
- Equality in reward
- Inequality in reward– causes and solutions
- Executive pay & Executive pay gap recording
Day 3
Payroll and Frauds
- The fraud tree
- The HR 4C's policies
- Personnel behaviour and commitment
- Acceptable and Unacceptable Behaviour
Day 4
Non-financial Rewards and Empowerment Employee Benefits
- Non-financial rewards
- Employee Participation
- Employee Engagement
- Employee Benefits
- Flexible benefit systems and Cafeteria rewards
- The role of Pensions
Day 5
Total Remuneration Creating a Reward Strategy
- Total Remuneration for the whole organisation
- Improved performance of the organisation and individual
- Developing a reward strategy
- CIPD Pay management survey
- Review of the Murlis and Wright model of Total rewards
- Personal action planning
Request info
London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...