Beyond the Pay Cheque: Designing your Compensation Strategy

Compensation Strategy

Overview:

Pivot HR Service’s Beyond the Pay Cheque: Designing your Compensation Strategy training provides business leaders, executives and HR professionals with the skills to evaluate the role of compensation practices for achieving organizational effectiveness. Participants will examine total compensations systems and will identify key compensable factors to attract and retain top talent.

Instructional Objectives:

The training program covers the following topics:

  • Money matters
  • Total compensation systems
  • Incentive programs
  • Non-Monetary rewards programs
  • Length of service/seniority based pay
  • Performance evaluations
  • Succession planning

Measuring Learning Outcomes:

By the end of the training, participants will understand:

  • The personal values of money;
  • What constitutes a total compensation system and the elements involved;
  • The goals of a total compensation system;
  • Popular incentive pay programs and ways in which they differ;
  • What to consider when offering incentive pay;
  • Different types of non-monetary rewards, and how such programs can satisfy intrinsic and extrinsic needs;
  • Recommendations and best practices for performance management programs;
  • The case for eliminating performance evaluations;
  • The business case for succession planning

Program Delivery & Assessment Methods:

Pivot HR Services instructors continuously assess participants comprehension and ability to apply learning concepts through a combination of facilitation, interactive discussion, group work, case studies, and relevant real-world examples. Pre & Post learning self-evaluations are delivered to provide participants with a measure of their knowledge and skills gained from training. Following training, participants are encouraged to connect with instructors via phone and e-mail should they need assistance and have questions to follow.

Format: Group/Classroom Training

Capacity: 25

Duration & Cost:

  • Full day (8 Hours)- $3500
  • Half Day (4 Hours)- $2500

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