Master Total Rewards New Approach To Compensation & Benefits

Learn advanced Total Rewards strategies to design competitive compensation systems and retain top talent effectively.

What you'll learn

Design comprehensive Total Rewards systems aligned with business goals

Create competitive compensation and benefits packages

Integrate performance metrics into pay and reward strategies

Evaluate and optimize Total Rewards effectiveness within organizations

Requirements

No prior experience is required; this course is open to anyone eager to learn and implement advanced Total Rewards strategies to attract and retain talent.

Description

The Total Rewards 2.0 course is an updated online program designed to equip HR professionals with advanced strategies to attract, motivate, and retain employees through comprehensive reward systems. Led by industry expert Mike Pritula, this course offers 14 in-depth lessons, providing 50% more material than the previous version, including new elements of Total Rewards, budgeting, and performance measurement.What you’ll learn:• Comprehensive Total Rewards System: Understand the components of Total Rewards, including compensation, benefits, work-life balance, performance management, and career development.• Strategic Alignment: Develop Total Rewards strategies that align with business objectives and company culture.• Compensation Design: Learn the fundamentals of compensation, job evaluation, salary market reviews, and pay structure development.• Benefits and Perks: Explore various employee benefits, flexible benefits plans, and work-life balance initiatives.• Performance-Based Rewards: Link remuneration to employee performance and organizational effectiveness.• Budgeting and Evaluation: Master budgeting for Total Rewards and evaluating their effectiveness within the organization.Course Program:1. Introduction to Total Rewards: Overview of Total Rewards components and the role of specialists in this field.2. Developing a Total Rewards Strategy: Linking reward strategies to business goals and company culture.3. Designing Total Rewards Elements: Processes for analyzing, designing, implementing, and communicating reward elements.4. Compensation and Job Evaluation Basics: Understanding job analysis, salary structures, and market alignment.5. Salary Market Reviews: Conducting market comparisons and utilizing data for compensation decisions.6. Job Grading and Pay Structures: Establishing grading systems and developing base pay structures.7. Sales Compensation Fundamentals: Designing reward systems tailored for sales teams.8. Executive Compensation and Global Rewards: Approaches to rewarding top managers and managing global reward systems.9. Linking Pay to Performance: Integrating compensation with performance metrics like KPI, MBO, and OKR.10. Cash Incentives Programs: Implementing various incentives schemes, including referral and retention incentives.11. Benefits and Work-Life Balance: Strategic planning of employee benefits and promoting work-life balance.12. Total Rewards Budgeting: Budgeting for salaries, incentives, benefits, and related expenses.13. Evaluating Total Rewards Effectiveness: Auditing and measuring the impact of reward systems.14. Recognition Programs: Developing programs to acknowledge and reward employee achievements.Course Features:• Expert Instruction: Learn from Mike Pritula, a seasoned HR leader with extensive experience in developing Total Rewards strategies.• Flexible Learning: Access 14 recorded lessons.• Practical Application: Engage in homework assignments with personalized feedback to apply concepts in real-world scenarios.• Interactive Community: Join a dedicated Telegram chat to discuss cases, share experiences, and network with peers.• Certification: Receive a diploma upon successful completion of the course, enhancing your professional credentials in HR management.Who should enroll:• HR Professionals: Individuals seeking to deepen their expertise in employee reward systems and enhance organizational effectiveness.• Compensation and Benefits Specialists: Professionals aiming to expand their knowledge to encompass comprehensive Total Rewards strategies.• Business Leaders and Managers: Executives looking to understand and implement effective reward systems to drive employee performance.• HR Consultants: Consultants seeking to offer clients advanced solutions in employee motivation and retention.Enhance your ability to attract, motivate, and retain top talent by mastering advanced Total Rewards strategies. Enroll now to elevate your HR expertise and drive organizational success.

Overview

Section 1: Introduction to Total Rewards

Lecture 1 Total Rewards, what it includes, Total Rewards Specialist/Expert/Head role

Lecture 2 Developing an aggregate remuneration strategy and linking it to business obje

Lecture 3 Design of Total Rewards elements and their communication within the company

Section 2: Compensation & Benefits

Lecture 4 Basics of Compensation and Job Evaluation

Lecture 5 Salary market reviews

Lecture 6 Job grading and basic pay structure

Lecture 7 The basis of remuneration for the sales department

Lecture 8 Top managers' remuneration and Global Rewards

Lecture 9 Linking remuneration to efficiency and effectiveness

Lecture 10 Cash incentives

Lecture 11 Benefits and perks. Flexible benefits and Cafeteria Plan. Work-life balance

Section 3: Advanced Total Rewards

Lecture 12 Budgeting Total Rewards

Lecture 13 Evaluating the effectiveness of Total Rewards

Lecture 14 Recognition programmes

This course is for HR professionals, compensation and benefits specialists, business leaders, and consultants seeking to enhance their expertise in Total Rewards systems to attract, motivate, and retain top talent effectively.