Unlocking the Power of Total Rewards
In today's competitive business landscape, organizations need to rethink their Total Rewards strategies to attract, retain, and motivate top talent. The topics have been carefully chosen to provide the professionals with a comprehensive view and learning around critical aspects of Total Rewards management that can be replicated based on the needs of the organization. This interactive workshop provides HR professionals, compensation and benefits specialists, and business leaders with the knowledge, skills, and tools to DESIGN and IMPLEMENT effective Total Rewards programs.
Salary Structure Development: Master multiple methodologies and global perspectives to design effective pay-bands. Design and strike a balance between internal equity and external parity.
Job Evaluation: Acquire understanding on JE methods, especially point-based system through an exercise and comprehend changing global trends in job evaluation.
Engaging Generation Y & Z: Discover non-traditional elements of Total Rewards to engage newer generations, using employee wellness, WFH, continued education, career streams, and flexibility.
Compensation and Benefits Surveys: Leverage compensation for competitive advantage through 4 real-life short scenarios/ case studies.
Sales Incentive Plans: Acquire the art of designing SIPs for superior sales results.
Benefits for Newer Generations: Design benefits considering changing trends, cost-benefit analysis, affordability & sustainability and monetization.
Rewards and Recognition: Leverage non-monetary elements to boost engagement and motivation.
Performance Bonus: Design performance bonuses for non-sales employees to align behaviors and efforts with company goals.
Customizing Benefits: Understand your Internal Customers' perceived value on benefits and optimize engagement and retention through benefits redeployment.
Annual Salary Review Cycle: Empower supervisors, retire the Bell-Curve, and build alternative tools and approaches.
Total Reward Communication: Brand and merchandise your pay package for maximum impact.
Strategic Outcomes
- Design and implement effective Total Rewards strategies aligned with organizational goals.
- Become up-to-date on the changing trends in C&B practices at leading organizations.
- Develop a comprehensive understanding of the key components of Total Rewards, including compensation, benefits, and non-monetary elements.
- Consider global and local market trends to design competitive Total Rewards packages.
Technical Outcomes
- Apply multiple methodologies and global perspectives to design effective salary structures.
- Evaluate jobs using the point-based system and understand changing global trends in JE.
- Design Sales Incentive Plans (SIPs) and Performance Bonuses that drive business results.
- Improve benefits programs that cater to the needs of different generations, including Gen Y and Z.
Behavioral Outcomes
- Foster a performance-driven culture that links pay to performance.
- Recognize the growing importance TR initiatives to attract, retain and motivate talent
- Empower supervisors to make informed decisions about employee compensation and benefits.
- Develop a customer-centric approach to designing Total Rewards programs that meet the needs of employees.
HR Professionals, Reward Specialists, Business Leaders and Executives.
IBA CEE Cancellation Policy for Open Enrollment Programs:
In the event of participant's cancellation, the following schedule will apply:
- 5 days before start of workshop - No cancellation
- Within 4 to 2 days prior to workshop Half program fee forfeiture
- Within 1 day and No Shows - Full program fee forfeiture
Cancellation notification must be made in writing to CEE.
Postponement
Due to any unavoidable circumstances, the workshop may be postponed by the institute. In case of postponement, the institute will refund full fee of the program or the participant may opt to defer his/her registration to the next program.
Substitute
Substitutes will be taken at least 2 days prior to the workshop. Should we be unable to accept your application for any reason, your payment (cheque/draft) will be returned to you.
Deferrals
All registrations deferrals must be requested in writing at least 2 days prior to the workshop. Send a note to the Program Registration Team indicating that you wish to have your registration deferred to another session of the same program within one year. The deposited fee will be carried forward. Please note that only one transfer is permitted. After one year, the deposited fee will be fully forfeited.
