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Why Practical Total Rewards Management Workshop!

Join this hands-on workshop to learn how to design and implement effective salary structures, benefits packages, and payment policies tailored to your company’s needs.

Master the Art of Designing Compensation & Benefits Structures Through Practical steps…

This workshop covers all aspects of Reward Management, from job evaluation to salary surveys, ensuring your pay system is aligned with market standards and organizational goals.

Design Competitive Structures

Optimize Benefits Programs

Business Goals Aligning

Engagement Through Rewards

Careerians training day
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TRAINING OUTLINES:

TRAINING OUTLINES:

1. Introduction to Reward Management:

  • Evolution of Human Resources: Shifts in Roles and Impacts on Reward Management.
  • Understanding the Total Rewards Philosophy: Compensation, Benefits, and Beyond.
  • Overview of Compensation & Benefits Modules and Their Strategic Role.
  • Aligning Reward Systems with Organizational Objectives and Business Strategy.

2. Designing an Effective Pay System:

  • Principles of Designing a Fair and Competitive Pay Structure.
  • Building an Effective Pay Model: Steps and Considerations.
  • Salary and Equity Determination: Ensuring Internal and External Fairness.
  • Developing Corporate Salary Structures Tailored to Business Needs.

3. Job Evaluation and Market Analysis:

  • Conducting a Job Evaluation Process: Methods and Best Practices.
  • Learning to Conduct a Market Salary Survey Independently: Step-by-step guide on data collection, analysis, and benchmarking.
  • Pricing Undefined Jobs: Techniques for evaluating and pricing roles that lack clear benchmarks.
  • Pricing Managerial and Professional Jobs: Key Approaches.
  • Understanding Benchmarking and Its Role in Competitive Pay.

4. Benefits, Incentives, and Business Needs:

  • Designing Non-Cash Benefits and Incentive Plans.
  • Identifying Business Needs to Develop Tailored Compensation Programs.
  • Creating Flexible Benefits Programs for Employee Retention.
  • Structuring Short-Term and Long-Term Incentive Plans.

5. Advanced Topics in Reward Management:

  • Linking Total Rewards to Performance Management.
  • Understanding the Role of Analytics in Compensation and Benefits.
  • Digital Tools and Platforms for Reward Management: Automating Processes.
  • Addressing Global Trends in Total Rewards Systems.

6. Practical Steps and Case Studies:

  • Hands-On Job Evaluation and Jobs Pricing for Real-Life Roles.
  • Step-by-Step Design of a Pay Structure for Different Company Sizes.
  • Practical Conducting a Salary Survey and Interpreting Results.
  • Role-Playing Scenarios for Designing Compensation Packages.
Enroll Now to Become a Reward Management Expert!
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