An intensive professional development training course on

Compensation,
Benefit Administration
& Reward Management

Developing Appropriate Reward Strategies for your Organisation

Classroom Training

04 - 08 Dec 2023 London - UK	$ 5,950 Register
04 - 08 Mar 2024 London - UK	$ 5,950 Register
02 - 06 Sep 2024 Dubai - UAE	$ 5,950 Register
02 - 06 Dec 2024 London - UK	$ 5,950 Register

Also Available in
Online - Virtual Course

View Virtual Course

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Why Choose this Training Course?

This Compensation, Benefit Administration & Reward Management training course will utilise the latest research and examples of best practices to explain reward strategies from an administrative, strategic, and human perspective. Managing reward is directly linked to performance, productivity, retention, attitude, and the overall health of an organisation.

Compensation, pay, benefits, salary, and praise make up what is called ‘reward’. Reward is an integral and vitally important part of the structure of any organisation, from small to large and from government to private.

This AZTech training course will feature:

Reward from an administrative, strategic, and people perspective
How to design reward and compensation to suit the culture of your workplace
The strategic impact of motivation of people
How HR can design a reward system that assists the organisation in achieving its objectives
A “toolkit” of useful tools and practices that you can use after the course

What are the Goals?

By the end of this AZTech training course, participants will be able to:

Describe the economic, psychological, and motivational concepts that influence reward
Discuss the role of reward strategies and policies in an organisation
Assess their own organisation for fairness and equity
Defend the case for non-financial rewards in attracting, retaining, and motivating people
Outline the benefits of a total-reward approach to compensation

Who is this Training course for?

This AZTech training course is suitable to a wide range of professionals but it will greatly benefit:

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 involved in reward issues

How will this Training Course be Presented?

This very practical AZTech training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension, and retention of the information presented. This includes a very interactive presentation style and individual & group activities. Case studies will highlight the major teaching features. Role-Play and feedback will also be utilised to ensure goals are achieved.

The Course Content

Day One: The Context of Reward Management

Introduction to HR reward issues
Managing reward
The changing psychological contract
The importance of the total reward approach
An introduction to reward strategy

Day Two: Benefits, Performance-Related Pay, and Motivation

The psychology of motivation
Performance Management
Performance-related pay
Employee Benefits
Flexible benefit systems

Day Three: Job Analysis, Job Evaluation, and Equity

An introduction to Job or Occupational Analysis (JA)
An introduction to Job Evaluation (JE)
Salary and pay surveys
Inequality in reward – causes
Inequality in reward – solutions

Day Four: Non-financial Rewards, Appraisal, and Empowerment

Non-financial rewards
Employee Participation
Employee Engagement
Why appraisal fails
Overcoming the main issues with performance appraisal

Day Five: Creating a Reward Strategy

Understanding strategy
Developing a reward strategy
CIPD Pay management survey
Executive and Expatriate reward issues
Personal action planning

The Certificates

AZTech Certificate of Completion for delegates who attend and complete the training course
The HRCI Approved Provider Seal and the corresponding Recertification Credit Hours Awarded will be reflected in the Certificate of Completion

Accreditation

The use of this official seal confirms that this Activity has met HR Certification Institute's^® (HRCI^®) criteria for recertification credit pre-approval.