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:
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Understand the principles and components of total rewards management.
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Learn strategies for aligning total rewards with organizational goals and objectives.
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Develop skills in designing and implementing competitive compensation and benefits programs.
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Gain insights into employee recognition and work-life balance initiatives.
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Enhance capabilities in evaluating and optimizing total rewards programs for maximum impact.
Targeted Audience:
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HR Managers.
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Compensation and Benefits Specialists.
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Total Rewards Analysts.
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Talent Acquisition Professionals.
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Employee Relations Managers.
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Organizational Development Specialists.
Program Outline:
Unit 1:
Introduction to Total Rewards Management
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Overview of total rewards concepts, principles, and frameworks.
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Understanding the role of total rewards in attracting, retaining, and motivating talent.
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Aligning total rewards strategies with organizational objectives and culture.
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Analyzing the impact of total rewards on employee engagement and performance.
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Case studies on successful total rewards management practices.
Unit 2:
Compensation Management:
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Principles of compensation management and salary structures.
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Designing competitive compensation packages to attract and retain talent.
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Conducting job analysis and evaluation to determine equitable pay.
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Steps for implementing pay-for-performance and variable pay programs.
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Practical exercises on designing and benchmarking compensation programs.
Unit 3:
Benefits Administration:
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Overview of employee benefits programs, including health, retirement, and wellness benefits.
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Steps for designing and managing benefits packages to meet diverse employee needs.
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Evaluating and selecting benefits providers and vendors.
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Communicating and educating employees about benefits offerings.
Unit 4:
Employee Recognition and Engagement:
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Importance of employee recognition in enhancing engagement and morale.
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Steps for implementing employee recognition programs and initiatives.
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Creating a culture of appreciation and acknowledgment within the organization.
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Evaluating the effectiveness of employee recognition strategies.
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Real-world examples of successful employee recognition programs.
Unit 5:
Work-Life Balance Initiatives:
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Understanding the significance of work-life balance in employee well-being and productivity.
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Steps for implementing flexible work arrangements and telecommuting programs.
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Providing support for employee wellness, mental health, and family needs.
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Balancing organizational goals with employee work-life balance preferences.
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Case studies on effective work-life balance initiatives in diverse workplaces.