NOT OPEN F0R REGISTRATION
TO BE SCHEDULED AS YET
______________________________
Overview About Workshop
Total
rewards encompass more than just salary and benefits; they encompass all the
tools and resources an organization utilizes to attract, retain, and motivate employees.
This course delves into the strategic design and implementation of total
rewards programs, covering compensation, benefits, recognition, and work-life
balance initiatives.
Pre-requisite Requirements
No pre-requisite
Why choose this workshop?
·
Explain the relationship between compensation and other human
resource functions (i.e. staffing, performance evaluation, training and
development, employee relations)
·
Describe the strategic objectives of compensation
·
List the three labor markets and explain the determinants of pay
in each of the different markets
·
Describe the principal determinants of pay
·
List and explain the three basic wage decisions
·
Explain the factors that most influence the wage-level decision
·
List and describe the various types of compensation surveys
·
Explain the conditions necessary for do-it-yourself wage surveys
to be successful
·
Calculate the mean and median from a set of compensation survey
data
·
Explain the difference between a weighted average and an
unweighted average
·
Explain how compensation survey data can be aged
·
Describe the impact that environmental factors such as
inflation, interest rates, and competition can have on compensation
·
Explain how demographic trends in the labor market can impact
wages