C&RMCompensation and Reward ManagementCIPD Training Course
Rating:
English
Intermediate
FACE 2 FACE
ON SITE TRAINING
LIVE VIRTUAL
TRAINING
COACHING
& MENTORING
SELF-PACED
TRAINING
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Course Overview
Far more than just paying people competitively, reward management is a cornerstone of the people function, sitting at the heart of employee engagement and performance. This course is designed to equip HR professionals with the tools and knowledge to align reward strategy and practices with both the long-term business outlook and short-term challenges and opportunities.
Key Takeaways
1
Develop appropriate reward strategies, taking into account key business, organisational and people issues as well as contemporary external influences
2
Understand the motivational impact of reward and how it drives engagement, performance, contribution and retention
3
Recognise the significance of non-financial reward in the employee value proposition
4
Evaluate incentive schemes and the different approaches to individual and group incentives
5
Understand reward management design principles underpinning grading, pay structures, pay progression methods and employee benefits
6
Appreciate the principles of executive remuneration
(CIPD) The Chartered Institute of Personnel and Development
We're the professional body for experts in people at work. For more than 100 years, we've been championing better work and working lives by setting professional standards for HR and people development, as well as driving positive change in the world of work.
With hubs in the UK, Ireland, Middle East and Asia, we're the career partner of choice for over 200,000 members around the world. We're the only body in the world that can award Chartered status to individual HR and L&D professionals, and our independent research and insights make us trusted advisers to governments and employers.
With hubs in the UK, Ireland, Middle East and Asia, we're the career partner of choice for over 200,000 members around the world. We're the only body in the world that can award Chartered status to individual HR and L&D professionals, and our independent research and insights make us trusted advisers to governments and employers.
Course Outline
Day 1
Pre-course reading and exercises
o Video introduction from course leader
o Consideration of personal learning objectives
o What does “reward” mean to you?
o Your business context: organisational challenges / opportunities / risks: implications for reward
o Reward strategy checklist
o Contemporary external influences (selection of pre-reading and other media):
▪ The Great Resignation
▪ Concept of Employee Experience
▪ Impact of hybrid working models on reward management
o Consideration of personal learning objectives
o What does “reward” mean to you?
o Your business context: organisational challenges / opportunities / risks: implications for reward
o Reward strategy checklist
o Contemporary external influences (selection of pre-reading and other media):
▪ The Great Resignation
▪ Concept of Employee Experience
▪ Impact of hybrid working models on reward management
Day 1 – Live virtual class
o Reward philosophy
o Components of reward strategy
o Business context: external & internal factors
o Contemporary external influences – global / regional
o Organisation & people context: culture; HR challenges impacting reward
o Developing long-term and short-term strategies: case study exercise
o Components of reward strategy
o Business context: external & internal factors
o Contemporary external influences – global / regional
o Organisation & people context: culture; HR challenges impacting reward
o Developing long-term and short-term strategies: case study exercise
Day 2
Pre-learning Day 2
o Read publication on motivational impact of reward
Day 2 – Live virtual class
o Motivational impact of reward – relevance of motivation theory
o Engagement and performance: the link / evidence
o Rewarding for performance and/or contribution?
o Impact of reward on retention
o Total Reward concepts: intrinsic / extrinsic rewards
o Impact of organisation and people performance on reward
o Performance-related pay – pros / cons; trends
o Performance management trends
o Managing pay progression
o Engagement and performance: the link / evidence
o Rewarding for performance and/or contribution?
o Impact of reward on retention
o Total Reward concepts: intrinsic / extrinsic rewards
o Impact of organisation and people performance on reward
o Performance-related pay – pros / cons; trends
o Performance management trends
o Managing pay progression
Day 3
Pre-learning Day 3
o Read CIPD Factsheet “Pay Structures and Pay Progression”
o Watch short video on Job Evaluation
o Watch short video on Job Evaluation
Day 3 – Live virtual class
o Non-financial recognition and reward
o Reward design principles
o Role of job evaluation / JE systems pros and cons
o Grading structure alternatives
o Salary structure design
o Using pay survey data; managing internal vs external equity
o Benefits, health & wellbeing strategies
o Incentive plan design
o International assignments
o Executive remuneration principles
o Reward design principles
o Role of job evaluation / JE systems pros and cons
o Grading structure alternatives
o Salary structure design
o Using pay survey data; managing internal vs external equity
o Benefits, health & wellbeing strategies
o Incentive plan design
o International assignments
o Executive remuneration principles
Post-work Day 3
o Work-related assignments (in teams and individuals)
Post-course wrap-up webinar (2.5 hours) 2 weeks post day 3 of live virtual classes
o Re-cap in selected topics
o Presentations of work-related assignments
o Lessons learned from work-related assignments
o Personal development and action plans
o Presentations of work-related assignments
o Lessons learned from work-related assignments
o Personal development and action plans
Who Should Attend?
This highly practical and interactive course has been specifically designed for
This course is best suited to HR professionals with a basic understanding of reward, looking to build on their skills either as generalist or a reward specialist.
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FAQ
What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +91 4 95 5711 or [email protected].
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.
Reviews
- Review:IAMM Internal Audit Maturity ModelIn recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!Dalal Kutbi
- Review:Certified Professional in Quality and Patient SafetyDating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider “LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,Turki S. Alsahaan
- Review:Certified Professional in Quality and Patient SafetySince the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.Emad Alrajih
- Review:Certified Professional in Quality and Patient SafetyWe have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. Leoron has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,Nasser M. Al-Subaie
