Leadership Excellence in Managing Pressure, Stress, and Crisis
19/11/2024Introduction to Human Resources: Foundations for Modern HR Practices
20/11/2024Strategic Compensation and Benefits Management for the Modern Workforce
£4,000.00
Overview:
This comprehensive program is designed to equip HR professionals, managers, and consultants with advanced strategies in compensation and benefits management. The course emphasizes integrating modern tools, global trends, and strategic insights to design systems that attract, motivate, and retain top talent while aligning with organizational objectives.
Program Objectives:
By the end of this course, participants will be able to:
- Understand the critical role of compensation and benefits in talent management.
- Align reward systems with organizational strategies and global HR trends.
- Design flexible compensation structures that adapt to dynamic work environments.
- Utilize AI and digital tools for pay benchmarking and analysis.
- Develop reward strategies fostering employee engagement and organizational loyalty.
- Conduct effective compensation surveys and market analyses.
- Address cultural, regional, and legal considerations in compensation planning.
Target Audience:
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- HR professionals in multinational corporations
- Compensation and benefits specialists
- Senior leaders and HR strategists
- Line managers responsible for staff motivation
- Consultants and independent HR experts
Program Outline:
Day 1: Foundations of Compensation and Benefits Management
- Fundamentals of compensation and benefits.
- Designing effective pay structures.
- Understanding job grades, evaluation, and mapping.
- Reward strategies and the psychological contract.
- Introduction to global and regional trends.
Day 2: Motivation and Performance Integration
- Linking pay to performance and motivation models.
- Competency frameworks for compensation.
- Designing team rewards and contingent pay systems.
- Integrating 360-degree appraisals with compensation strategies.
Day 3: Building Effective Compensation Structures
- Core components of compensation policies.
- Pay scales, grading, and progression models.
- Cross-cultural compensation planning for global organizations.
- Leveraging technology for salary benchmarking.
Day 4: Benefits, Allowances, and Employee Engagement
- Comprehensive overview of allowances and benefits.
- Employee wellness initiatives and flexible benefits programs.
- Engaging employees in compensation planning.
- Involving trade unions and employee representatives in change processes.
Day 5: Surveys, Best Practices, and Action Planning
- Conducting and analyzing compensation surveys.
- Preparing actionable compensation reports.
- Case studies on modern compensation systems.
- Best practices: AI tools, profit-sharing, and equity-based rewards.
- Course review and Q&A session.