Introduction to Reward Systems

• Introduction to reward systems
• The elements of reward
• Reward Management
• Labor markets and economic theories
• Reward philosophies, strategies and policies
• Factors affecting pay levels

Salary Structures

• Influences on pay and reward
• Understanding and developing grade structures
• Pay structures – purpose
• Graded pay structures
• Broad-banding
• Other typical pay structures

Rewarding Individuals and Teams

• Performance related pay
• PRP as a motivator
• Performance management and reward
• Skill and competency based pay
• Individual or team rewards
• The link to organizational performance

Creating Structures, Benefits and Allowances

• Creating Salary structures
• Starting with Job Evaluation
• Case Study – Development of a major new pay structure
• Comparing market rate data and actual pay data
• Non-financial rewards
• Benefits and allowances

International and Expatriate Consideration

• International pay
• Expatriates rewards
• Home or host based approach
• Managing reward systems
• Consolidation exercise
• Developing personal development plans

• HR practitioners working with Compensation and Payroll
• All staff who work in Human Resources, Personnel or related areas
• Those new to HR or interested in a career in HR
• Other professionals and Line Managers would also benefit from an understanding of the methods of reward
• Those who manage, supervise or have an organizational interest in Reward and want to examine modern practices