Workshops
Total Rewards Management
Course description
ONovwerdva iyeswcompetitive environment, top talent is costly and mobile. Therefore, to avoid the inevitable retention issues or price-wage inflation, organizations are faced with the need to review their compensation packages and take a broader ‘total reward’ strategic approach. The impact of Covid-19 across the world has changed the perception of pay and reward for employers and employees alike.
What will you learn in this course?
1.Explain the Components of Total Rewards
2.Identify Key Factors Influencing Employee Compensation
3.Understand Compensation Strategies and Equity Concepts
4.Conduct Effective Job Analysis
5.Understand Salary Survey Terminology
6.Master Informal Salary Survey Techniques
7. Explore Job Evaluation Methods and the HAY System
8.Build a Salary Structure
9.Conduct Salary Gap Analysis