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Course Code
HRTM-009
Certificate in Compensation & Reward Management
- This course will provide you with the information and guidance to help you in managing your total reward system in your organization and help to ensure that your salary and grading structure meets your business needs, while allowing the company to attract and retain employees. In an increasingly competitive environment, when you want to attract and retain the best individual employees and high performers, managing your overall reward package and implementing a pay for performance culture are increasingly critical tools that form part of your overall HR strategy.
- Course will cover the key areas in the overall compensation and benefits package that enable employers to adopt best-practices and compete more effectively in the war for talent whilst achieving cost-effectiveness for the employer.
Learning Outcomes
- Increase business performance and employee effectiveness by implementing compensation and reward systems that attract, retain and motivate staff
- Design a comprehensive compensation system
- Provide advice on regional compensation practices
- Align your basic salary structures and grades, and compensation and reward systems to your business objectives and HR strategy
- Implement a grading system with a basic salary structure and pay scheme, or update your existing compensation structures
- Develop solutions for your own compensation and reward issues and challenges based on practical case studies, and interactive course and clinic discussions
Course Contents
- Compensation objectives
- Total compensation
- Direct and indirect compensation
- Balancing compensation components
- Compensation and benefits cycle
- Internal consistency
- External consistency
- The hierarchy of needs and compensation
- Uses of job descriptions
- Job analysis explained
- Carrying out the job analysis process
- Conducting a proper job analysis interview
- Explaining a typical job description
- Job analysis
- Definition of job evaluation
- Job evaluation systems
- Introduction to the Hay system
- Job grading
- Sources of error in the job evaluation process
- Objectives of compensation
- Decisions to take
- Designing base salary structures
- Allowances to offer
- The structuring of benefits’ programs
- Important considerations in compensation
- Managing your compensation programs
- Staying competitive
- Designing and carrying out compensation surveys
- Four basic survey methods
- Data requirements
- Issues related to the implementation of change
- The definition of Performance Management
- Objectives of performance management
- Current and prevailing performance management systems
- Rewarding performance
- Rewarding the right behaviors and results
- Key Performance Indicators
Managing Compensation:
Job Analysis and Job Descriptions:
Job Evaluation:
Compensation Systems:
Competitive Compensation:
Performance Based Rewards:
Our Methodology
- Make coaching and monitoring innovative and using modern
- Media training also using on the go training by using interactive means and focusing on
- The exercises, practical applications and real situations study
- Live delivery method, instructor-led training
- Experienced consultant, trainers, and professional
- Qualified trainer with high-level experience
Attendance Reports
- Send daily attendance reports to training departments
- Send full attendance report to training dep. by the end of the course
- Attend 100 % from the course days also provide daily
- Issue attendance certificate for participant who attend minimum 80% from the course duration
Pre/Post Reports
- Pre- assessment before starting training
- Post assessment after finish training
- Full report for the deferent between Pre-& Post assessment
Who Should Attend
- Everyone who requires an in-depth Skill Makers of working with, and managing, salary structures and reward issues
- All specialists who work in compensation and benefits
- Professionals with at least 2 to 3 years’ experience in the compensation and benefits field,
- HR administrators, officers, specialists, team leaders, managers
