Executive Certificate in Total Reward Management

Natures & Objective

To remain competitive in today's business environment requires not only good planning, execution and control but also committed people working in line with company goals. A meaningful reward system that helps manage performance and motivate state to go the “extra mile” is essential for organisation's success.

This certificate course aims to equip participants with field-proven know-how for designing a total reward system that helps align state performance with the corporate business strategies as well as to advocate the “Pay-for-Extra” culture.

Outline

Module 1: Introduction to Total Reward Management
Tuesday 11 February 2020

• Definition of Total Reward
• Key Reward Elements & Its Linkage to Different Motivation Theories
• Common Types of Compensation, Benefits and Non-financial Rewards in Market
• Building a Happy Workplace: Introducing the Gallup Q12 for Staff Engagement

Module 2: Development of Total Reward Strategy & Compensation Policy
Tuesday 11 February 2020

• Aligning Your Total Reward Strategy with Corporate Business Directives & Core Values
• Defining Compensation Policy as Prerequisite of Compensation Management
• Different Forces that Influence the Compensation Policy
• Introducing the 5 Segments of Compensation Policy

Module 3: Defining Job Responsibilities & Internal Values
Thursday 13 February 2020

• Writing Effective Job Descriptions for Various Positions
• Conducting Job Evaluation & Its Common Practices
• Grade Structure Design in Support to Organizational Development
• Ensuring the Internal Equities among Different Positions

Module 4: Salary Management & Incentive Scheme Design
Thursday 13 February 2020

• Salary Structure Development Step by Step
• Acquiring and Analyzing Market Pay Data
• Salary Adjustment and Administration
• Designing Long-term & Short-term Incentive Schemes
• Linking the Incentive Scheme with Performance Measurement Results
• Coping Strategies for Implementing & Communicating Changes in Rewards