Course
Overview
Learn what is required to develop a rewards program that
has the power to attract, retain and motivate employees
— total rewards. This basic-level, two-day course is
designed as an introduction to the total rewards model
and its three components: compensation, benefits and the
work experience. Emphasis is given to the concept of the
total rewards design process. Finally, participants are
introduced to the general skills needed by the HR
professional to become an effective strategic business
partner. On the third morning, an optional certification
exam covers the content of this seminar.
Who
Should Attend
This seminar is designed for professionals new to human
resources, as well as HR generalists or line managers
who want a basic overview of how to create an effective
balance in employee rewards tools.
What You
will Learn
Developing a Total Rewards Strategy
- The
evolution of rewards
-
Definition of total rewards
- Total
rewards model
- Why
total rewards?
- The
total rewards design process
- Human
resources philosophy and strategy
- The
total rewards philosophy
- The
total rewards strategy
Benefits
- The
evolution of benefits
- Elements
of benefits
-
Mandatory benefits
-
Nonmandatory benefits
-
Regulatory compliance
Work
Experience
- The work
experience time line
- Elements
of the work experience
-
Acknowledgement
-
Balance of work-life
-
Culture
-
Development
-
Environment
-
Executive Rewards
- Survey
information
Compensation
- The
compensation time line
- Laws and
regulations
- Building
a base pay structure
- Types of
job evaluation
-
Components of a base pay structure
- Fixed
pay
- Variable
pay
-
Executive compensation
-
Performance management
The
Total Rewards Cycle
- Six
steps of program design
-
Analysis
- Design
-
Development
-
Implementation
-
Administration
-
Evaluation and revision
The Art
and Science of Total Rewards
- The HR
professional as a strategic business partner
-
Knowledge and skills to become a strategic business
partner
|
