Course Objectives:

• System of wages, Compensation and Benefits
• Discuss the concepts of reward systems
• State the elements of reward systems
• State the purpose of reward systems from the organizational and employee perspectives
• Compare different types of salary and pay structures
• Consider the impact of performance related pay
• State the uses of different types of benefits and allowances
• List factors impacting on International pay and expatriate rewards

Course Outlines:

• Introduction to Reward Systems
  • Introductions
  • Objectives – for the seminar and personal
  • Defining the roles of HR and line management
  • Introduction to reward systems
  • The elements of reward
  • Reward Management
  • Labour markets and economic theories
  • Reward philosophies, strategies and policies
  • Factors affecting pay levels
• Salary Structures
  • Definition of a salary structure
  • Pay structures - purpose
  • Graded pay structures
  • Broad-banding
  • Individual job range structures
  • Job family structures
  • Pay curves
  • Spot rate structures
  • Pay spines
  • Integrated pay structures
• Rewarding Individuals and Teams
  • Performance related pay
  • PRP as a motivator
  • Performance management and reward
  • Blue collar incentives
  • Skill and competency based pay
  • Team rewards
  • The link to organizational performance
• Benefits Allowances and Pensions
  • Non financial rewards
  • Benefits and allowances
  • Pension schemes
  • Employee benefits strategy and policies
  • Flexible benefit systems
  • Location and subsistence allowances
  • Overtime and shift payments
  • Stand-by and call-out allowances
• International and Expatriate Considerations
  • International pay
  • Expatriates rewards
  • Home or host based approach
  • Managing reward systems
  • Consolidation exercise
  • Review of whole course
  • Developing personal development plans
  • Course review, summary and feedback

Who Can Benefit?

• HR practitioners working with Compensation Packages and Salary Structures.
• For all staff who work in Human Resources, Personnel or related areas.
• New to HR or interested in a career in HR.
• Those who manage, supervise or have an organizational interest in HR and want to examine modern practices are also welcome.

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