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Best Practice in Compensation Management

  /    /  Best Practice in Compensation Management

Employee benefits matter.  Having a workforce that performs to the highest standards in today’s competitive global world is extremely dependent on highly skilled and technically adept workers. This course will focus on the practise of human resource skills within management job roles.  The Internal and external factors that may affect supervision will also be considered, such as personnel standards and processes, bullying, reward and corruption.

This course aims to introduce the key elements of the design and structure of compensation packages.  At the end of the course, delegates will be able to understand the value of performance based systems as a business tool and a powerful motivator of employees. The objectives of this course are to:

  • Examine the key elements of best practice in compensation management
  • Identify performance management techniques that work
  • Examine current and emerging trends in compensation and reward
  • Evaluate the uses and benefits of short and long term incentives
  • Match compensation systems and organisational culture
  • Compensation System Design
  • Definitions
  • The Linkages – the Business environment
  • Job Evaluation
  • Success Criteria at work
  • Key elements of Reward
  • Philosophies and Standards
  • Incentives and Motivators
  • Introducing new Policies and Best Practice
  • Employee Rights and Discipline
  • Implementing changes in compensation management
  • Winners and Losers
Course Overview

Employee benefits matter.  Having a workforce that performs to the highest standards in today’s competitive global world is extremely dependent on highly skilled and technically adept workers. This course will focus on the practise of human resource skills within management job roles.  The Internal and external factors that may affect supervision will also be considered, such as personnel standards and processes, bullying, reward and corruption.

Course Objective

This course aims to introduce the key elements of the design and structure of compensation packages.  At the end of the course, delegates will be able to understand the value of performance based systems as a business tool and a powerful motivator of employees. The objectives of this course are to:

  • Examine the key elements of best practice in compensation management
  • Identify performance management techniques that work
  • Examine current and emerging trends in compensation and reward
  • Evaluate the uses and benefits of short and long term incentives
  • Match compensation systems and organisational culture
Course Outline
  • Compensation System Design
  • Definitions
  • The Linkages – the Business environment
  • Job Evaluation
  • Success Criteria at work
  • Key elements of Reward
  • Philosophies and Standards
  • Incentives and Motivators
  • Introducing new Policies and Best Practice
  • Employee Rights and Discipline
  • Implementing changes in compensation management
  • Winners and Losers

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