Total Rewards

Overview:

Introduction:

This training program provides participants with a comprehensive understanding of total rewards management, encompassing compensation, benefits, recognition, and work-life balance initiatives within organizations. It empowers them to attract, retain, and motivate talent while fostering a culture of engagement and productivity.

Program Objectives:

At the end of this program, participants will be able to:

• Understand the principles and components of total rewards management.

• Learn strategies for aligning total rewards with organizational goals and objectives.

• Develop skills in designing and implementing competitive compensation and benefits programs.

• Gain insights into employee recognition and work-life balance initiatives.

• Enhance capabilities in evaluating and optimizing total rewards programs for maximum impact.

Targeted Audience:

• HR Managers.

• Compensation and Benefits Specialists.

• Total Rewards Analysts.

• Talent Acquisition Professionals.

• Employee Relations Managers.

• Organizational Development Specialists.

Program Outline:

Unit 1:

Introduction to Total Rewards Management

• Overview of total rewards concepts, principles, and frameworks.

• Understanding the role of total rewards in attracting, retaining, and motivating talent.

• Aligning total rewards strategies with organizational objectives and culture.

• Analyzing the impact of total rewards on employee engagement and performance.

• Case studies on successful total rewards management practices.

Unit 2:

Compensation Management:

• Principles of compensation management and salary structures.

• Designing competitive compensation packages to attract and retain talent.

• Conducting job analysis and evaluation to determine equitable pay.

• Steps for implementing pay-for-performance and variable pay programs.

• Practical exercises on designing and benchmarking compensation programs.

Unit 3:

Benefits Administration:

• Overview of employee benefits programs, including health, retirement, and wellness benefits.

• Steps for designing and managing benefits packages to meet diverse employee needs.

• Evaluating and selecting benefits providers and vendors.

• Communicating and educating employees about benefits offerings.

Unit 4:

Employee Recognition and Engagement:

• Importance of employee recognition in enhancing engagement and morale.

• Steps for implementing employee recognition programs and initiatives.

• Creating a culture of appreciation and acknowledgment within the organization.

• Evaluating the effectiveness of employee recognition strategies.

• Real-world examples of successful employee recognition programs.

Unit 5:

Work-Life Balance Initiatives:

• Understanding the significance of work-life balance in employee well-being and productivity.

• Steps for implementing flexible work arrangements and telecommuting programs.

• Providing support for employee wellness, mental health, and family needs.

• Balancing organizational goals with employee work-life balance preferences.

• Case studies on effective work-life balance initiatives in diverse workplaces.