About this Course

The Remuneration Management workshop will help you implement and maintain a robust reward management system that supports your strategic organisational objectives.

The Remuneration Management workshop will help you implement and maintain a robust reward management system that supports your strategic organisational objectives. 

It also provides the basic know-how using Hay Group methodologies and other concepts to analyse, design and implement pay structures; and discusses real-life situations surrounding the sensitive issue of pay. 

Benefits to you:

After attending this workshop, you are able to:

• understand components of a pay structure: salary as part of total remuneration, grading options, pay ranges, pay progression mechanisms, other features, and ‘traditional pay’ versus ‘new pay’
  
• analyse pay practice: scattergrams, lines of best fit, compa ratios, survey information and pay market comparison
  
• execute policy setting and costing: putting numbers to a policy and determining the cost of the policy
  
• review pay: distributing pay, performance-related pay, pay matrices budget controls.
  

Who should attend:

You cannot afford to miss this session if you are a HR professional, generalist and reward specialist.

Workshop outline:

Module 1: What is Reward Management

• Overview
  
• Reward Management in the Business Context
  

Module 2: Reward Management Approach

Step 1: Job Sizing & Grading

Step 2: Analysis of Internal Equity

Step 3: Analysis of External Comparison

Step 4: Develop Reward Policy

Step 5: Implementation

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