Effective Reward And Compensation Systems For Organisations
Course overview
One of the effective means of boosting organisational performance is the maintenance of aneffective rewards and compensation system. This is because individual employeeperformance andoverall organisational performance are significantly affected by the type ofreward system used by organisations. Researchers have shown that organisations performoptimally when their employees are properly rewarded with efficient salaries and wages.These enhance employee commitment, creativity, productivity and response to the dynamicsof the environment. Organisations can boost their performances by installing and maintainingeffective reward systems.This course has been structured to acquaint participants with the elements of performance-friendly reward and compensation systems, in order to stimulate them to adapt the systemsin their organisations
Executive and Senior Management and Team Members responsible for human resourcemanagement and development in Organisations.
The objectives of this course are, to:
- Introducing participants to the various reward and compensation systems.
- Equipping participants with the techniques of formulating and implementing performanceinducing reward systems.
- Enhancing the ability of participants to use the reward system to boost the performances of their organisations
Our “High Impact Leadership” course comes up with following outline
- Payroll Obligations and Requirements.
- Reward Management System.
- Strategic Reward Management.
- Tools and Techniques of RewardManagement.
- Grading and Wage Structure.
- Wages and Salaries Survey and Review.
- Wage Policies.
- Reviewing and Implementing Strategic Rewards.
- Evaluating Rewards: Grading and Wage Structure.
- Industrial Relations Practice and Reward Management.
- The Relationship between Rewards and Performance.
- Combining the Use of Performance and Strategic Rewards.·
- Appraising, Assessing, and Rewarding Performance.
- Performance Related Pays and Rewards.
- Emerging Trends in Rewards and Compensation Packages
London: 10/21/2019 – 10/25/2019
Fee: £1995
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Why Choose HMC?
- Global Reach
- Our Infrastructure
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- Cutting Edge Solutions
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Course Venues & Accommodation
Our open courses are organised and delivered at different venues: London (UK), Dubai (UAE), Amsterdam (Netherlands), Madrid (Spain), Houston (Texas) USA and Africa.
Accommodation Hammersmith Training Consult has some hotels at different training locations which offer discount to our delegates. Such arrangements can be made on request from delegates ahead of the training. This will afford participants the opportunity of enjoying corporate/ discounted rates with reputable hotels.
Our Courses
Our courses are innovatively tailored to address organization-specific issues and objectives, aimed at improving organisational performance and effectiveness. The courses cover all aspects of personal and organisational development.
These courses have been specifically designed to meet the professional needs of our clients; as they address current and emerging challenges at the workplace. We are experts in transforming ordinary staff into highly competent professionals and world class managers and leaders.
Our Approach
We use the holistic approach in designing and delivering training solutions, based on the outcomes of researches into trends in organisational and environmental developments, the outcomes of the evaluation of our deliveries and participants’ feedback.
This has made the courses to be innovative, practical-oriented and solutions to problems surrounding every aspect of personal and organisational development. It has also led to the revision of our courses, following which many have been enriched the more, with new ones added in 2018.
The course content and quality of training was exceptional and I will gladly recommend the course to my Colleagues. I would be grateful if I could now attend the advanced stage of this project management programme next year –
NHIS, Nigeria
The course has been fantastic and thought provoking. I am indebted to the lead trainer for his personal assistance on various issues. I have no hesitation in recommending the course to my fellow colleagues in the near future
Bank of Ghana
The most complex areas of International taxation and transfer pricing were made extremely simple and interesting for the participants, which made it a lot easier for participants to grasp. The facilitator demonstrated excellent professional skills and provided us with practical and theoretical experience. Style of teaching was truly inspirational.
GRA, Ghana
The standard of training was excellent and the course content was really helpful-
SABIC, KSA
Education is the most powerful weapon which you can use to change the world