GRP – GR7: International Remuneration - An Overview of Global Rewards
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Understanding how to develop and optimise the design of total rewards programmes within global organisations is a sought after skill for the human resources professional. This course will provide you with an overview of total rewards and its role within the overall global management of human resources. You will not only learn about international rewards mangement, but you will also gain insights into global human resources strategy. Key topic areas covered include:
Why companies globalise and its impact on HR.
How to develop effective compensation, benefits and work-life strategies within complex multi-national companies.
Identifying general benefits in different regions of the world that may serve as a starting point for developing global benefits strategy.
Exploring work-life effectiveness, recognition, performance management and talent development and its effect on attraction, motivation and retention throughout the world.
Learning approaches and issues with managing international assignments.
Internal and external influences along with considerations that affect the design and delivery of global rewards.
Key factors related to successful cross-border mergers and acquisitions.
This course is for the total rewards professional, including HR generalists and specialists, from all HR functions who seek to gain broader knowledge of global total rewards policies and practices.
What you will learn
Globalisation and Total Rewards: Learn about globalisation, the global business environment and the role of total rewards within the global organisation.
Influences on Reward Systems: Gain knowledge about the influences on total rewards within complex global environments, including the impact of organisational and national culture, and understand rewards planning and global
Global Compensation Practices: Become savvy about the elements of compensation, factors to consider in compensation/rewards, base pay delivery, variable pay delivery, executive compensation, effective global practices and compensation challenges.
Global Benefits Practices: Understand the influences on global benefits, global benefits strategy, statutory and non-statutory benefits, cost of no-statutory benefits, elements of benefits, social security, healthcare benefits, funding health and welfare benefits, retirement benefits and selection of benefits providers.
Work-Life Effectiveness, Recognition, Performance Management and Talent Development: Discover total rewards within the global workplace, global performance management and the impact these programmes have on total remuneration.
Managing International Assignments: Learn about the evolution of international assignment, compensation systems and retirement issues.
Cross-Border Mergers and Acquisitions: Gain insights into cross-border mergers and acquisitions and the role of HR, and examine the importance of culture within cross-border mergers and acquisitions.
Upon completing this course, you will have the HR savvy to understand global compensation and benefits. Your new knowledge will broaden your expertise as an HR professional and benefits your organisation’s international compensation management strategy
E-learning plus e-binder & online exam
E-binder & online exam
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.