INTRODUCTION
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.
Compensation, Benefit 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 . Reward is an integral and vitally important part of the fabric of any organisation, from small to large and from government to privat
OBJECTIVES
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
Compensation,
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
COURSE OUTLINE
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
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 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 Compensation,
IN-HOUSE TRAINING
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
DOCUMENTATION
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
CERTIFICATES
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00 and concludeat 13:00, followed by lunch on a daily basis.
REGISTRATION & PAYMENT
Please complete the registration form on the course page & return it to us indicating your preferred modeof payment. For Further Information, please get intouch with us.
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds.
For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
CONTACT INFO
LONDON
47 49 Park Royal Road
NW10 7LQ, London
T: +44 (0) 20 80 900 464
E: info@lpcentre.com
DUBAI
Office 501
Clover Bay Tower, Business Bay
T: +971 4 421 4616
KUALA LUMPUR
No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor
T: +60 19-305 5694
www.lpcentre.com