GRP – GR1: Total Rewards Management
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When logged in, individual members should enrol themselves only, as non-members are not entitled to your member's discount.
Knowing what is required for an effective total rewards strategy will set you apart as a human resources professional. In this course, you will learn how to design and implement a total rewards programme that meets your organisation’s specific needs and includes an ideal mix of rewards across the six rewards elements:
Compensation
Benefits
Work-life Effectiveness
Recognition
Performance Management
Talent Development
Designed for new HR professionals, HR generalists and line managers, this course will empower you with the basic skills and knowledge to create a successful total rewards strategy for your organisation. While developed to be an introduction to the total rewards system, the content goes beyond the basics to cover more advanced topics such as aligning total rewards with your organisation’s culture, HR goals and business strategy.
Upon completing this course, you will know what drives successful HR rewards programmes through understanding key aspects of total rewards.
What you will learn
Introduction to Total Rewards: Learn about the evolution of HR rewards, the total rewards model, strategy and approach, and drivers and elements of total rewards strategy.
Compensation: Discover the factors influencing compensation. Learn about base pay structure and design as well as differential pay and variable pay.
Benefits: Learn what influences benefits and about income protection for benefits and pay for time not worked programme.
Work-life Effectiveness: Learn the basics of work-life effectiveness, the work life professional and work-life portfolio.
Recognition: Learn about the value of recognition programmes and how to use them to drive results along with the different types of recognition plans and programmes.
Performance Management: Gain knowledge about performance management and learn about pay for performance, principles of merit pay programmes, base pay investment and merit increase guidelines.
Talent Development: Discover the role of talent development management in total rewards and learn about the types of talent development opportunities and how to measure their effectiveness.
Total Rewards — Pulling it All Together: Finish with a review of the total rewards system, process and design considerations to ensure you walk away with the knowledge to design and implement a total rewards programme tailor-made for your organisation and that communicates the value of total rewards.
Fee:
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E-learning plus e-binder & online exam |
Member HK$9,000; Non-member HK$11,000 |
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E-binder & online exam |
Member HK$8,000; |
Remarks:
All materials and binder will be in electronic format.
For e-learning arrangement, participant will receive an email invitation to activate a Learner Dashboard (WorldatWork platform) account for accessing educational contents and pre-recorded videos.