Hr Excellence: Performance Recognition And Reward

Strategic Insights and Practical Approaches to Enhancing Employee Motivation and Organisational Success

What you'll learn

Examine how both internal and external factors of a business influence reward strategies and policy formulation.

Assess the economic consequences of various reward strategies and their impact on a company’s financial performance.

Explore the contribution of human resources practices to managerial decision-making in the context of reward systems.

Distinguish between different reward and benefit types, linking them to both the needs of employees and the goals of the company.

Outline the legal frameworks governing reward management and their effect on company policy.

Design effective reward packages by integrating theoretical insights with practical application.

Develop and execute reward policies by evaluating the company’s cultural environment and performance management systems.

Requirements

Familiarity with the general roles and responsibilities within a human resources department.

A keen interest in how reward systems can influence employee performance and organisational success.

Ability to analyse and interpret basic business scenarios and data, which will be essential for understanding reward strategies.

Description

Welcome to "HR Excellence: Performance Recognition and Reward," a comprehensive course designed to equip you with the necessary skills and knowledge to create effective reward systems that enhance employee motivation and contribute to organisational success. This course explores the strategic interplay between business factors and reward policies, offering insights into how these can be aligned to drive performance and achieve business objectives.Throughout the course, you will learn to evaluate the financial implications of different reward strategies and their impact on an organisation's bottom line. You will explore various benefits and rewards, understanding how to link them effectively to employee needs and organisational goals. The course also covers essential legal considerations in reward management, ensuring you are well-versed in the regulatory framework influencing organisational policies.By integrating theoretical knowledge with practical applications, this course enables you to plan and implement tailored reward policies that reflect an organisation's culture and performance management systems. You will gain the skills to design reward packages that comply with legal standards and promote a motivated workforce.This course is ideal for HR professionals, managers, business owners, and anyone interested in human resources. Whether you want to enhance your expertise or embark on a new career path, "HR Excellence: Performance Recognition and Reward" provides the tools and knowledge necessary to excel in this vital area of human resources. Join us to transform your approach to employee recognition and rewards, driving a culture of performance and success within your organisation.

Overview

Section 1: Understand Reward Principles

Lecture 1 The Total Reward Approach

Lecture 2 Intrinsic and Extrinsic Rewards

Lecture 3 Fairness, Consistency and Transparency

Lecture 4 Balancing Internal Fairness with External Market Reates

Lecture 5 Integrating Reward with Business Objectives

Lecture 6 Concept of "Good Work"

Lecture 7 Related Legislation and its Application

Lecture 8 Reward Strategies Supporting Organisational Culture and Values

Lecture 9 Recognising and Rewarding Performance

Lecture 10 Stimulating Performance by Rewarding for Value Created

Lecture 11 Impact of Reward Strategies on Retention and Turnover

Section 2: Reward Policies and Employee Benefits

Lecture 12 Understanding Key Policy Concepts

Lecture 13 Policy Implementation Mechanisms

Lecture 14 People, Organisational Performance and Reward Strategy Relationships

Lecture 15 Assessing the Effectiveness of Performance Management

Lecture 16 Diversity of Benefits Offered by Organisations

Lecture 17 Dynamics of Pay and Reward Systems

Lecture 18 Financial Implications of Benefits Provision

Lecture 19 Theoretical Foundations of Reward Systems

Lecture 20 Measuring Intrinsic and Extrinsic Rewards

Section 3: Benchmarking Data to Inform Reward Approaches

Lecture 21 Influence of Economic, Industrial and Sectoral Trends

Lecture 22 The Psychological Contract

Lecture 23 Wage Theory

Lecture 24 International Comparisons and Cultural Drivers in Reward Management

Lecture 25 Understanding Benchmarking Data Sources

Lecture 26 Applying Benchmarking Data

Lecture 27 Understanding and Applying Benchmarking in Reward Management

Lecture 28 Grade Drift

Lecture 29 Understanding Legislative Requirements Impacting Reward Practice

Lecture 30 Reporting Requirements and Transparency in Reward Practices

Section 4: Support Line Managers to Make Reward Decisions

Lecture 31 Purpose of Review Mechanisms

Lecture 32 360-Degree Feedback

Lecture 33 Performance Management Approaches

Lecture 34 Foundations of Reward Guidance

Lecture 35 Motivation Using Intrinsic and Extrinsic Rewards

Lecture 36 Reward Insight Data

Lecture 37 Foundation of Reward Judgments

Lecture 38 Balancing Financial and Non-Financial Rewards

Lecture 39 Impact of Reward Decisions

Those currently working in human resources who wish to deepen their understanding of advanced reward systems and their impact on organisational culture and performance.,Individuals in leadership positions who are responsible for motivating their teams and managing employee performance through effective reward strategies.,Entrepreneurs and owners of small to medium-sized businesses who want to develop reward systems that attract, motivate, and retain top talent.,Students or early-career professionals who are aiming to enter the field of human resources and need a solid foundation in one of its most fundamental aspects.,Those involved in planning and implementing HR policies who seek to improve their skills in aligning reward systems with organisational goals.