Background
Modern organisations are becoming more and more aware of the need for talented and competent employees within the organisation. It can be said that throughout the world there is a talent shortage and this is exacerbated within South Africa as a result in part of our unfortunate history and current legacy. This background has given rise to the urgent and pressing need for organisations to attract and retain the very best talent, part of that ability to attract and retain talent lies in reward and compensation.
This programme has been designed to give delegates attending a broad understanding of modern global thinking in terms of the principles behind compensation and compensation management.
Content Overview
- A modern definition of compensation and remuneration;
- Integrated compensation and remuneration;
- Compensation strategy
- Compensation policies;
- Job analysis;
- Pay structures;
- Benefits and benefit strategies;
- Performance related rewards and incentives.
Objectives
On completion of the programme delegates should be able to:
- Understand and explain the meaning of remuneration and the aims of remuneration management;
- Understand and discuss the factors which affect remuneration;
- Understand and discuss the various remuneration theories;
- Design and create a suitable and integrated remuneration policy for their own organisation;
- Conduct a job evaluation process;
- Understand and discuss job descriptions, job specifications and job roles;
- Have a broad understanding of benefits and benefit strategies;
- Develop an equitable salary structure;
- Understand the implications and possible pitfalls of performance based incentives.
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