About this Course

This unit addresses the skills and knowledge required to develop a competitive remuneration and benefits strategy for senior executives. It covers linking job roles with compensation and evaluating effectiveness of programmes. 

1. Define executive job roles and performance indicators

2. Design and develop executive compensation programme

3. Evaluate effectiveness of executive compensation programme

Learning Outcomes

1. Define executive job roles and perfornance indicators

• Review organisation’s strategies and core business to identify requirements of executive job roles
• Define executive job roles’ key performance indicators (KPIs) to ensure alignment with short and long term organisation goals

• Develop an understanding of individuals motivations, desires and goals to ensure alignment between organisation and individual needs

2. Design and develop executive compensation programme

• Compare requirements and specifications of executive compensation programme against benchmarks
• Establish details of executive compensation programme in accordance with organisation’s remuneration philosophy
• Communicate the executive compensation programme to key stakeholders to obtain support

3. Evaluate effectiveness of executive compensation programme

• Identify criteria to evaluate the performance of executive compensation programme
• Support the development of processes and systems to gather measurement data and feedback including reporting criteria and timelines
• Monitor external influences and trends that may impact on executive compensation programme
• Analyse data to refine executive compensation programmes

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