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GR1: Total Rewards Management
- Attract, Motivate
and Retain Employees with an Effective Rewards Program
Course Overview
· Gain
an understanding of total rewards management
· Delve
into the five elements of total rewards
· Understand
the critical role of the main drivers - organizational culture, business
strategy and human resources strategy
· Learn
the process of designing a successful total rewards strategy
Learn
what is required to formulate a rewards program that has the power to
attract, motivate and retain – total rewards. This basic-level course is
designed to be the first course in the Global Remuneration Professional
(GRP®) certification course sequence. Participants are introduced to the
total rewards model and each of its components. Emphasis is given to the
five elements of total rewards: compensation, benefits, work-life,
performance and recognition, and development and career opportunities. On the fourth morning an optional
certification exam is administered covering the content of this course.
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Who Should Attend
This
course is designed for professionals new to human resources, as well as HR
generalists or line managers who want a basic overview of the components
that can create an effective balance in employee rewards tools.
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What You Will Learn
Introduction to Total Rewards
• The evolution of rewards
• The total rewards model
• The total rewards approach
• The total rewards strategy
Compensation
• Elements of compensation
• Building a job worth hierarchy
• Components of a base pay structure
• Types of base pay
• Types of pay adjustments
• Variable pay
Benefits
• Elements of benefits
• Factors influencing benefits
• Income protection programs
• Pay for time not worked programs
Work-Life
• The work-life professional
• The work-life portfolio
Performance and
Recognition
• Performance management
• Performance management process phases
• Phases 1 through 4
• Recognition programs
Development and
Career Opportunities
• Conduct annual development and career opportunities
discussion
- Phase 5
• Learning opportunities
• Types of development and career opportunities
Total Rewards -
Putting It All Together
• Revisiting the total rewards model
• Drivers of the total rewards strategy
• The total rewards strategy
• The total rewards design process
• Total rewards design considerations
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Credits
GRP: Required;
Certificate in Global Remuneration: Required; Recertification: 2 course, .5
Exam
CEUs: 1.5 Course, .3 Exam;
CCP and CBP Equivalency: Tl
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