A 2 day course with focus on diagnosis of current pay practice, creation of a reward strategy and policy.
Subjects approached:
WHAT WILL YOU ACHIEVE
- Use specific Comp&Ben terminology
- Know the main points of differentiation between the job comparison methodologies used by Salary Survey suppliers
- Be able to calculate the Equity Rate in your organisation
- Be able to create a valid comparison between the jobs in your organization and the market
- Know why and what you need for a Comp&Ben policy
- Know what and when to communicate to your employees
WHAT TOPICS WILL YOU COVER
- Total Reward framework: Emotional and Financial Reward
- Comp & Ben terminology – the main reward elements
- Comparing my reward package: Internal equity & external competitiveness
- Reward policy creation
- Grading technical elements
- Variable pay
- Reward communication