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Provided by: Ripple Training Compensation Systems - Motivating HR to Higher PerformancesHuman Resources |
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Training
Provided by Ripple Training
Personnel costs, particularly with wages, is one of the most expensive items in a cost structure of an organisation, amounting to 90% in certain sectors of activity and, therefore, the remuneration systems must be properly structured and maintained to achieve its main objective, the profitability of human resources.
A compensation system is a consistent and organisational strategy aligned set of tools, with material and immaterial components, which is the counterpart of the contribution made by the employee to the business results through its work performance, which is intended to reinforce their motivation and productivity. Its main advantages are: attraction, retention and motivation of high-potential employees, support and strengthen the organisational culture and its structural model and alignment of the performance of human resources with the strategic objectives of the organisation.
In this workshop the participants will understand the motivational drivers behind the compensation systems and learn how to design a performance-based remuneration system in their businesses with state-of-the-art techniques.
Related Jobs or Careers: This workshop is designed for managers, team leaders and all professionals with people coordination and also for HR managers and
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Compensation Systems - Motivating HR to Higher Performances
1. Compensation Systems
1. 1. Concept
1. 2. Objectives of a compensation system
1. 3. Compensation system components internal and external rewards
2. Remuneration System Principles
3. Performance-based Remuneration System
4. Building a Pay Structure
4. 1. Global pay structure
4. 2. Individual Salary evolution
4. 3. Incentives
4. 4. Social benefits
4. 5. Status symbols
5. Testing the Compensation System
5. 1. Direct assessment
5. 2. Indirect assessment
Learning Goals
Recognise the importance of compensation in the organisational strategy
Design and develop a pay structure
Manage a performance-based remuneration system
Recognise the HR motivation and retention of compensation management
Test the effectiveness of a compensation system
Benefits to the Participant
Maximise the return on investment in human resources through a compensation system
Structuring the remuneration taking into account the internal and external environments
Increase motivation and productivity of the employees
Analyse and evaluate the effectiveness of the compensation system
1. 1. Concept
1. 2. Objectives of a compensation system
1. 3. Compensation system components internal and external rewards
2. Remuneration System Principles
3. Performance-based Remuneration System
4. Building a Pay Structure
4. 1. Global pay structure
4. 2. Individual Salary evolution
4. 3. Incentives
4. 4. Social benefits
4. 5. Status symbols
5. Testing the Compensation System
5. 1. Direct assessment
5. 2. Indirect assessment
Learning Goals
Recognise the importance of compensation in the organisational strategy
Design and develop a pay structure
Manage a performance-based remuneration system
Recognise the HR motivation and retention of compensation management
Test the effectiveness of a compensation system
Benefits to the Participant
Maximise the return on investment in human resources through a compensation system
Structuring the remuneration taking into account the internal and external environments
Increase motivation and productivity of the employees
Analyse and evaluate the effectiveness of the compensation system
About The Training Provider: Ripple Training
Ripple Training - The major growth economies across the globe are all within the emerging market environment. Favourable exchange rates, market size, lower manufacturing and labour costs are all contributing factors for these markets returning the current growth rates. In order for this to continue private and public sector organizations need to ensure that they are geared for continued growth and this can only...
