Total Reward Management

Introduction

Strategic Total Rewards Management encompasses the elements of compensation, engagement, benefits, recognitionand growth — that, in concert, lead to optimalorganizational performance. When designed strategically and executedin alignment with business goals, Total Rewards programs fuel motivatedand productive workforces that feel appreciated and rewarded for theircontributions, driving the organization to ever greater success. "

This workshop provides an overview on the fundamentals of compensation & benefits scheme that aligned with business strategies and then goes into an in-depth exploration of Strategic Rewards Management. It serves as  learning platform to provide practical solutions and best practices in formulating a Total Rewards strategy.

Training Content

1. Exploration of components that makes up the whole Extrinsic and Intrinsic motivation Long term and Short-Term instruments Fixed and Variable systems Performance Based Rewards
2. ob Sizing based Reward structures Job Sizing Methodology Which Model to choose? How to create Salary bands?
3. Exploring the role of Employee Engagement in STORM
4. Connecting Reward Strategy to Business Strategy

Learning Outcome

1. The participant will always link rewards to performance
2. Recognize small and large accomplishments
3. reward base determinations on objective performance data
4. Never take a good performance for granted
5. Match the reward to the employee
6. Once the behaviour becomes a habit, distribute rewards based on a variable ratio or variable interval schedule

Who should attend

HR and C&B professionals who are involved in developing, managing and facilitating compensation programs and rewards policy for the organization HR professionals who want to explore or pursue career in C&B / Total Rewards area

Managers who are involved in the process of performance appraisals for their employees including salaries review, promotion raise as well as salaries offering, etc.

For Further Details

mehwish.iqbal@wordpress-764963-3017117.cloudwaysapps.com
huma.alvi@wordpress-764963-3017117.cloudwaysapps.com
03219433622
03222039799

Click here to Download Flyer

Training Fees: 22,500 /+ GST

Cancellation Policy:

PSTD Cancellation Policy – Cancellations made at least 5 working days prior to the program will be refunded 50%. If a booking is canceled in less than 5 working days, no refunds can be given. Cancellations must be confirmed by a letter or email. Substitutions may be made at any time for the same program only. In case of the participant not showing up on the day of the training a replacement can be sent.