Course Purposes of Compensation Packages as well as Payrolls Framework

• Go over the principles of reward systems
• State the elements of reward systems
• State the purpose of reward systems from the business and also staff member viewpoints
• Compare various kinds of salary and also pay structures
• Take into consideration the effect of performance-related pay
• State using different sorts of benefits as well as allowances
• List factors affecting on International compensation as well as expatriate rewards

Day 1
Introduction to Reward Systems:

• Defining the roles of HR and line management

• Introduction to reward systems

• The elements of reward

• Reward Management

• Labour markets and economic theories

• Reward philosophies, strategies, and policies

• Factors affecting pay levels

Day 2
Salary Structures:

• Definition of a salary structure

• Pay structures - purpose

• Graded pay structures

• Broad-banding

• Individual job range structures

• Job family structures

• Pay curves

• Spot rate structures

• Pay spines

• Integrated pay structures

Day 3
Rewarding Individuals and Teams:

• Performance-related pay

• PRP as a motivator

• Performance management and reward

• Blue-collar incentives

• Skill and competency-based pay

• Team rewards

• The link to organizational performance

Day 4
Benefits Allowances and Pensions:

• Non-financial rewards

• Benefits and allowances

• Pension schemes

• Employee benefits strategy and policies

• Flexible benefit systems

• Location and subsistence allowances

• Overtime and shift payments

• Stand-by and call-out allowances

Day 5
International and Expatriate Considerations:

• International pay

• Expatriates rewards

• Home or host-based approach

• Managing reward systems

• Consolidation exercise

• Review of whole course

• Developing personal development plans