Rewards, benefits, and compensation There are ways to encourage employees motivation and productivity, as they serve as incentives for the work employees carry out for their companies. As well as delivering positive results for the organisation, these rewards and benefits also offer social benefits and contribute to staff engagement within the company. For this reason, professionals who understand the most innovative motivation strategies are required. With the Course on Remuneration and Benefits in Labour Relations, you will gain practical knowledge of the various remuneration schemes and remuneration policies within organisations, as well as how Flexible Remuneration Schemes work.
Corporate
Corporate
10 a.m.
Remuneration and Benefits in Labour Relations
Corporate
10 a.m.
Introduction
Objectives
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To find out how to design, implement, administer, manage, and evaluate various remuneration schemes and compensation components within a company.
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To put the role of Remuneration and Benefits.
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To identify and define the different compensation components companies use to reward employee contributions.
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To identify the key aspects for designing a Remuneration Policy.
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To understand the different components of salary structure.
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To identify the main compensation indicators currently used to carry out compensation analyses and studies.
Table of Contents
UNIT 1. COMPENSATION AND REWARDS
The new face of remuneration
Definition of compensation and rewards: Compensation as a comprehensive model
The importance of the Human Resources Department
UNIT 2. COMPENSATION POLICY
Concept and objectives of remuneration policies
Components of the remuneration package
The importance of the Collective Bargaining Agreement in remuneration policies
Benefits of remuneration policies: Total rewards model
UNIT 3. DESIGNING REMUNERATION POLICIES
Key considerations in designing remuneration and reward policies
Job analysis and job descriptions within the organisation
Defining the salary structure
UNIT 4. COMPENSATION POLICY MODELS
Models for selecting remuneration policies: Interest, utility and satisfaction
À la carte model
Performance-based remuneration
UNIT 5. FLEXIBLE REMUNERATION
Definition and operation of flexible remuneration
Benefits and advantages of flexible remuneration
The difference between benefits in kind and flexible remuneration
Differences between employee benefits and flexible remuneration
Flexible remuneration plan
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