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2 - HRC - Human Resources

HRC 170 - Performance and Reward Management

Code Start Date Duration Venue
HRC 170 09 October 2023 5 Days Cairo Registration Form Link
HRC 170 06 November 2023 5 Days Paris Registration Form Link
HRC 170 11 December 2023 5 Days Istanbul Registration Form Link
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Course Description

Reward management is the introduction of policies and strategies that rewards every employee within the business fairly and consistently across the board. Rewarding employees for outstanding work makes them feel valued and can prove to be a powerful motivational tool that boosts productivity. The most successful reward management programs provide employees with opportunities to elevate themselves and allow businesses to recognize good workers.

This course will discuss the components of a rewarding system, the process of creating it, and implement, and finally how to evaluate your system. 

Course Objectives

  • Define performance management system and list the aim of creating such a system
  • Explain the costs of poor performance management  
  • Increase business performance by implementing compensation and reward systems 
  • Attract, retain and motivate staff
  • Implement a grading system with a basic salary structure and pay scheme
  • Align basic salary structures, grades, compensation and reward systems to HR strategy

Who Should Attend?

  • Human Resource Professionals
  • HR Business Partners
  • Managers 
  • Anyone involved in salary, pay and conditions of work

Course Details/Schedule

Day 1

  • Overview of performance management and reward systems management
  • Implementing Performance Management System (PMS) in an organization
  • Performance measurement techniques 
  • What is reward management?
  • Benefits, perks, rewards: what’s the difference?
  • Reputation of the organization

Day 2

  • Market oriented reward systems 
  • The components of a reward management system
  • Organizational policies and reward systems
  • Creating an employee reward scheme
  • Perception of the value of work
  • Valuing and grading jobs

Day 3

  • Level of rewards
  • External competitiveness versus internal equity
  • Achieving equal pay
  • Executive pay & executive pay gap recording
  • Development and training
  • Performance related pay

Day 4

  • Rewarding special groups
  • Rewarding directors and senior executives
  • Non-financial rewards
  • Recognition scheme
  • Pension scheme

Day 5

  • Transparency
  • Assimilation policies
  • Protection policies
  • Total reward policy
  • Contingent rewards 
  • Evaluating reward effectiveness
  • Implications for Performance and Reward Management