Smart employers know that keeping quality employees requires providing the right compensation and benefits package. Compensation includes wages, salaries, bonuses and commission structures. Properly compensating employees shows you value them as workers and as human beings. When people feel valued, they feel better about coming in to work.
Overall, company morale increases and people are motivated to come to work and do a good job. Additionally, when employees know there are bonuses or commissions, they are increasingly motivated to deliver grander results. Bonus and commission compensation plans become a focal point for success.
The compensation, Benefits Administration & Reward Management training course will utilise detailed case studies and the latest research to explain reward strategies from an administrative, strategic and human perspective. Managing reward is directly linked to performance, productivity, turnover, attitude and the overall health of an organisation Compensation, pay, benefits, salary, and even praise make up what is called ‘reward’. The reward is an integral and vitally important part of the fabric of any organisation, from small to large and from the government to private
By the Compensation, Benefit Administration & Reward Management training course, participants will be able to:
- Describe the key economic, psychological and motivational concepts that influence reward
- Discuss the role of reward strategies and policies in an organisation
- Contribute to the administration of employee-reward policies and processes
- Differentiate between the factors that influence employee satisfaction with the reward system
- Defend the case for non-financial rewards in attracting, retaining and motivating people
- Design a strategic reward plan
Compensation, Benefit Administration & Reward Management training course is ideal for:
- Human Resource Professionals
- Those working in or recently transferred to compensation, benefits or reward positions
- HR staff who are responsible for the administration of benefits or reward
- HR Business Partners
- Anyone involved in salary, pay and conditions of work
- Managers and team leaders involved in reward issues
Our courses in London are held at the LPC office located at:
Once you register, we will subsequently send you the course details, including the location, trainer, and other logistical information.
Pay Attention, Please! The course location at our offices is subject to availability. Should our office be unavailable, we will secure an alternative nearby venue and promptly inform you of the change. The exact time and location will be confirmed one week prior to the course commencement.
