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Advanced Total Rewards Strategy for Compensation & Benefits

About This Course

Top talent is costly and mobile in today’s competitive market. Therefore, organizations confront the necessity of reviewing compensation packages and taking a broader strategic “total reward” approach in order to prevent inevitable retention problems or price-wage inflation.

Leex’s Advance Total Rewards Strategy for Compensation & Benefits course focuses on teaching and hands-on skills. It is centered on activities and offers to engage and involve participants in the learning process at each training session. Each module allows participants to explore, analyze and assess challenges and to explore and evaluate possible solutions following the instruction of adult learning theory.

Learning Objectives

Understand the basics of the reward strategy, its motives and its corporate motivations
Find out about the principles and elements of the organisation's compensation strategy
Understand the influence of the strategy and its design on the business environment
Explore the full reward elements and evaluate each element's return on investment.
Find out how to create and implement a whole compensation plan within a well defined employee grading and compensation structure.
Evaluate your present internal payroll and career structures
Learn how to incorporate training into a global incentive plan focused on long-term retention of employees and career progression
Discover best practice and case studies on motivating and preserving top talent worldwide..
Create an action plan to apply the workshop lessons, bringing your organization a globally rewarding approach.

Requirements

  • For a smooth learning experience (Online Courses), participants must have basic computer skills and a computer with a reliable Internet connection and speakers.
  • Participants are expected to have a basic knowledge of procurement practices in the public or private sector and a solid command of the English language.

Target Audience

  • New through intermediate-level HR professionals, including lower-level specialists in Compensation and Benefits
  • HR Generalists looking to specialize or round out their skills
  • Senior HR Managers
  • Strategic HR Managers
  • HR Professionals
  • Heads, Managers, Supervisors, Specialist and Officers of Compensation & Benefits Heads, Managers, Supervisors, Specialist and Officers of Total Rewards
  • HR Generalists
  • Anyone intended to improve themselves on these subjects.

Curriculum

Section One: Total Rewards Compensation

What is a reward strategy?
Objectives and Success Measures
Why is it important for my company to implement a reward strategy?
Business Drives for a Reward Strategy
Principles of Organizational Reward
Components of a Rewards Strategy
Learning and Professional Growth

Section Two: Measuring and Compensating for Performance

Section Three: Using Performance Pay to Attract and Retain Talent

Section Four: Considering the Financial, Strategic, and Human-centric Aspects of Pay for Performance

Section Five: Aligning The Reward Strategy with Your Employees

Advanced Total Rewards Strategy for Compensation & Benefits
Free
Level
Intermediate
Duration 5 Days
Language
English

Material Includes

  • Delegates who successfully complete this training course will be awarded a LEEX Certificate of Completion.
  • Course Slides
  • Additional Materials (Case study, etc.)

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