Executive Certificate in Total Reward Management

To remain competitive in nowadays business environment requires not only good planning, execution and control but also committed people working in alignment with company’s goals. A meaningful reward system that helps manage performance and motivate staff to go “extra mile” is essential for organisation success. This certificate course aims to equip participants with field-proven know-how for designing a total reward system that helps align staff performance with the corporate business strategies as well as to advocate the “pay-for-extra” culture.The lecturer holds a Master Degree in Manufacturing Engineering from Cornell University in US and a Bachelor Degree in Mechanical Engineering from the University of British Columbia in Canada. He is a certified Psychometric Tools Consultant of the Chinese Personality at Work (CPW) and has been working as a management consultant for over 15 years. He has helped different client organisations including government departments, public utilities, NGOs as well as private sectors in manufacturing, servicing trading and banking industries in US, PRC, Hong Kong and Taiwan to revamp their existing HRM practices in different areas such as strategic planning, organisation structure, staff selection, performance management, assessment on competency proficiency, compensation design, and etc.

Speaker:

Mr Wilson Chu

Date: 21, 22, 28 February; 1 March

Module 1: Introduction to Total Reward Management
- 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
- 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
- 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
- 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