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ABOUT THE COURSE
Pay and reward hold a central place in any HR strategy. They can be a major lever, not just in recruitment and retention, but also
in improving performance, shaping behaviors and supporting constructive employment relations. This course will help you
understand the broader external and internal contexts of reward strategy formulation, types of reward and mechanisms of
implementation as well as touch on cross-functional applications of the reward. The course will also highlight current trends and
best international practices in the area of reward management and involve both theoretical understanding and the practical
workshops per topic.
WHO SHOULD ATTEND?
Human Resources/ Reward professionals accountable for formulation of the reward strategy and/or it’s application in an
During the course, the delegates will:
Gain solid understanding of the external factors and market conditions that shape the reward strategies of the company;
Gain solid understanding of the internal business context of designing the reward strategy and implementation of a reward
and incentive mechanisms;
Understand the roles and responsibilities in formulation and application of the reward strategy
Learn about different types of reward, how they are shaped and applied;
Learn about the cause-effect connection between reward and performance;
Learn how job evaluation and grading influence the reward related decisions.
Design and manage reward and motivation systems;
BENEFITS OF THE COURSE
After completion of the course, you will be able to:
Establish links between processes and have a strategic insight into how things are interconnected in the organization;
Adjust company reward and benefit strategies to dynamics of the compensation market, as well as develop engaging
employee value propositions to attract and engage diverse workforce, reinforcing company culture and goals;
Design creative reward and benefit schemes that support organizational strategic obje