The compensation, benefits and remuneration They are a way of boosting staff motivation and productivity, as they serve as an incentive for the work carried out by companies. These forms of compensation and remuneration, as well as bringing positive benefits to companies, also provide social benefits and help foster staff engagement within the organisation. For this reason, they require professionals who are familiar with the most innovative motivational strategies. With the Course on Remuneration and Benefits in Labour Relations You will gain practical knowledge of the various remuneration systems and pay policies within organisations, as well as how the Flexible Remuneration Schemes.
Corporate
Corporate
10 a.m.
Remuneration and Benefits in Employment Relations
Corporate
10 a.m.
Introduction
Objectives
- To learn how to design, implement, administer, manage and evaluate the various remuneration schemes and compensation components within the company.
- To put the role of Remuneration and Benefits.
- Identify and define the different remuneration components that companies have to reward their employees’ contributions.
- Identify the factors to be taken into account when designing a Remuneration Policy.
- To understand the different elements of a pay structure.
- Identify the main remuneration indicators which are currently used to carry out remuneration analyses and studies
Table of Contents
TEACHING UNIT 1. REMUNERATION AND COMPENSATION
A new aspect of remuneration
Definition of remuneration and compensation: remuneration as a model of compensation
The importance of the HR department
TEACHING UNIT 2. REMUNERATION POLICY
Concept and objectives of remuneration policies
Analysis of the current remuneration system
Components of the remuneration package
The Importance of Collective Agreements in Remuneration Policies
Benefits of remuneration policies: total compensation model
TEACHING UNIT 3. DESIGNING REMUNERATION POLICIES
Factors to consider when designing remuneration and compensation policies
Analysis and description of the organisation’s job roles
Definition of the pay structure
TEACHING UNIT 4. REMUNERATION POLICY MODELS
Models for choosing a remuneration policy: Interest, utility and satisfaction
Sample à la carte menu
Performance-related pay
A practical example of a company’s remuneration policy
TEACHING UNIT 5. FLEXIBLE REMUNERATION
Definition and operation of flexible remuneration
Benefits and advantages of flexible remuneration
The difference between remuneration in kind and flexible remuneration
Differences between employee benefits and flexible remuneration
Flexible remuneration scheme
A practical example of flexible remuneration
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