Why Choose this Training Course?This exciting and innovative Human Resource Management training course will utilise detailed case studies and the latest research to explain reward strategies from an administrative, strategic and human perspective. Managing reward is directly linked to performance, productivity, turnover, attitude and the overall health of an organisation.Compensation, pay, benefits, salary and even praise make up what is called ‘reward’. Reward is an integral and vitally important part of the fabric of any organisation, from small to large and from government to private.Some of the key features of this York Britishtraining course is that it:Uniquely explores reward from an administrative, strategic and human perspectiveFocuses on how to design compensation to suit the culture of the workplaceCovers the strategic impact of pay and motivationExplores the effective management of the human resourcesProvides a toolkit of useful practices that you can use after the courseWhat are the Goals?By the end of this York Britishtraining course, participants will be able to:Describe the key economic, psychological and motivational concepts that influence rewardDiscuss the role of reward strategies and policies in an organisationContribute to the administration of employee-reward policies and processesDifferentiate between the factors that influence employee satisfaction with the reward systemDefend the case for non-financial rewards in attracting, retaining and motivating peopleDesign a strategic reward planWho is this Training course for?This York Britishtraining course is suitable to a wide range of professionals but it will greatly benefit:Human Resource ProfessionalsThose working in or recently transferred to compensation, benefits or reward positionsHR staff who are responsible for the administration of benefits or rewardHR Business PartnersAnyone involved in salary, pay and conditions of workMangers and team leaders involved in reward issuesHow will this Training Course be Presented?This York Britishtraining course will be presented in a with a very interactive presentation style. Individual and group activities, will intersperse the sessions. Case studies will highlight the major teaching features. Role-Play and feedback will also be utilised to ensure goals are achieved.
Day One: Reward in ContextBusiness contextsLong term compensation trendsTotal reward concepts and approachesThe make-up of the “pay-package”Assessing reward strategy – reward or failureJob evaluation Day Two: Reward in ActionThe administration of rewardThe International perspectiveEquality in rewardExecutive pay – a different case?Public-sector and private sector contrastsSalary and pay surveys Day Three: Performance and PayPay and motivationWhat really motivates peoplePerformance managementAppraisal and rewardPerformance based payBonuses and incentives Day Four: The Benefits Package & Good PracticeDevelopment in employee benefitsFlexible benefitsPensionsPay inequality – causes and solutionsPrinciples of employee empowermentEmployee participation Day Five: Reward StrategyWhat is strategy?Reward strategies – essential or ineffectual?Reward and organisational structureReward strategy as processStep-by-step guide to developing a reward strategyPersonal action planning