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Course Overview
Reward management is the new frontier of human resource management. Whether you are in the HR function or line management, the focus has firmly moved to motivating your employees to deliver your corporate goals. But setting the pay and benefits of your employees at the market rate (in your and their perception) is only the starting point. Organisations have to go much further now. They need to understand the ways to involve their employees, to get them more committed to the organisation.

Course Objectives
At the end of the course delegates will be able to:
• Gain an understanding of total rewards management
• Discover the five elements of total rewards
• Understand the critical role of the main drivers — organizational culture, business strategy and human resources strategy
• Learn the process of designing a successful total rewards strategy

Course Outline
Reward in context Grading structures
• Establishing internal relativities
• Why have grading structures?
• Types of grading structures
• Analytical and non-analytical job evaluation
• Types of pay structures Equal pay-Setting salaries Employee benefits Rewarding performance
• Types of bonus schemes individual, group, organisation-wide
• Incentives
• Non-financial rewards
• Motivating employees
• Building a long-term reward strategy
• Reward management is an essential tool in dealing with:
• Rewarding performance
• Motivation of productivity