Human Resources and Training

HR Compensation, Benefit & Reward

The Compensation, Benefit and Reward training course provides the latest research and best practice examples to explore reward strategies from administrative, strategic, and human perspectives. Effective reward management directly influences performance, productivity, employee retention, attitude, and the overall well-being of an organization. Compensation, salary, benefits, and recognition—collectively referred to as "reward"—are essential elements within any organizational framework, whether in small businesses, large corporations, or public and private sectors.

HRT-024Human Resources and Training
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Why Attend

The Compensation, Benefit and Reward training course provides the latest research and best practice examples to explore reward strategies from administrative, strategic, and human perspectives. Effective reward management directly influences performance, productivity, employee retention, attitude, and the overall well-being of an organization.

Compensation, salary, benefits, and recognition—collectively referred to as "reward"—are essential elements within any organizational framework, whether in small businesses, large corporations, or public and private sectors.

Course Objectives
  • Explain the economic, psychological, and motivational factors that influence reward systems
  • Evaluate the role of reward strategies and policies within an organization
  • Assess their organization's fairness and equity in terms of reward distribution
  • Advocate for the use of non-financial rewards in attracting, retaining, and motivating talent
  • Describe the advantages of a total-reward approach to compensation
Designed for

This program is intended for professionals involved in Human Resources and Training.

  • Human Resource Professionals
  • Individuals in compensation, benefits, or reward roles
  • HR staff managing benefits or reward administration
  • HR Business Partners
  • Managers involved in salary, pay, and workplace conditions
  • Managers dealing with reward-related matters
Course Methodology

This very practical Compensation, Benefit and Reward training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension, and retention of the information presented. This includes a very interactive presentation style and individual & group activities. Case studies will highlight the major teaching features. Role-Play and feedback will also be utilised to ensure goals are achieved.

Course content
Day1

Day One: The Context of Reward Management

  • Introduction to HR reward issues
  • Managing reward
  • The changing psychological contract
  • The importance of the total reward approach
  • An introduction to reward strategy
Day2

Day Two: Benefits, Performance-Related Pay, and Motivation

  • The psychology of motivation
  • Performance Management
  • Performance-related pay
  • Employee Benefits
  • Flexible benefit systems
Day3

Day Three: Job Analysis, Job Evaluation, and Equity

  • An introduction to Job or Occupational Analysis (JA)
  • An introduction to Job Evaluation (JE)
  • Salary and pay surveys
  • Inequality in reward – causes
  • Inequality in reward – solutions
Day4

Day Four: Non-financial Rewards, Appraisal, and Empowerment

  • Non-financial rewards
  • Employee Participation
  • Employee Engagement
  • Why appraisal fails
  • Overcoming the main issues with performance appraisal
Day5

Day Five: Creating a Reward Strategy

  • Understanding strategy
  • Developing a reward strategy
  • CIPD Pay management survey
  • Executive and Expatriate reward issues
  • Personal action planning
The certificate

SPARK Training Certificate of Completion is awarded to participants who attend and complete the full training course.

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