Compensation, Benefit Administration, and Reward Management
5 Day Training
Dates: 02 – 06 December 2024 | 24 – 28 March 2025
Locations: Grayston Ridge Office Park, Sandton
Platform: Available In-Class / Online
Price: Available on request
Course Introduction
Prospen Africa’s comprehensive 5-day Compensation, Benefit Administration, and Reward Management course provides an in-depth understanding of compensation, benefits, and reward management within organizations. It aims to equip participants with the skills and knowledge to develop, manage, and implement effective reward strategies that align with organizational goals.
Course Objectives
Upon completion of this Compensation, Benefit Administration, and Reward Management course, participants will be able to:
Gain a solid grasp of the economic, psychological, and motivational theories underpinning reward systems.
Learn to evaluate and implement reward strategies and policies that promote fairness and equality.
Understand how to integrate non-financial rewards into your organization’s overall compensation plan.
Develop practical skills for designing strategic reward plans tailored to organizational needs.
Engage in case studies and real-world examples to bridge theory with practice.
Who should attend?
This Compensation, Benefit Administration, and Reward Management course is ideal for Human Resources Managers, Admin Managers, Senior Managers, Directors, Admin Officers, and professionals involved in compensation and benefits, or those seeking to enhance their knowledge in this area.
Training Methodology
Our diverse instructional approaches ensure effective learning:
– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.
Training Outline
Day 1: The Context of Compensation, Benefit Administration, and Reward Management
Understanding Compensation, Benefits, and Reward Management
Exploring the Psychological Contract
Total Reward Concepts and Approaches
Crafting a Reward Strategy
Aligning HR Strategies with Pay Philosophies
Day 2: Administration of Reward Equality and Pay Disparity
Effective Reward Administration
Utilizing Salary and Pay Surveys for Competitive Pay Structures
Job Evaluation Techniques
Promoting Equality and Addressing Inequality in Rewards
Executive Pay and the Pay Gap
Day 3: Performance, Performance-Related Pay, and Motivation
Performance Management Essentials
Training and Development for Enhanced Performance
Best Practices in Performance-Related Pay
Understanding Contribution-Based Compensation
Day 4: Non-Financial Rewards and Empowerment Employee Benefits
Leveraging Non-Financial Rewards for Motivation
Enhancing Employee Participation and Engagement
Exploring Employee Benefits
Flexibility in Benefits: Cafeteria Plans and Pensions
Day 5: Total Remuneration and Creating a Reward Strategy
Structuring Total Remuneration Packages
Linking Reward Strategies to Organizational and Individual Performance
Insights from CIPD Pay Management Surveys
Developing and Implementing a Reward Strategy
Related Courses
Fundamentals of Labour Law and Employee Relations
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