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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