Total Rewards in New Normal

  • Current challenges and future of C&B
  • 60 Min, 6 Hrs, 2 Days
  • Webinar, Live Virtual Class, Face to Face
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Details

New normal has changed the way we approach business and people practices. Compensation & rewards too need a completely different approach. Are you prepared?

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Overview

Compensation is an important tool to attract, motivate and retain talent.  HR’s role is to help businesses and organizations manage the balance between inherent conflicts in compensation for optimal business results. This highly interactive & practical program is designed to equip participants with required technical know-how to constantly create and remain ahead of curve in the total rewards approach suitable for the changing business scenario.

Target Audience

All HR professionals managing compensation portfolio (Max. 24 participants in a Virtual class & Face to face; 250 in a Webinar)

Outcomes

  • Understanding linkage of reward strategy to business strategy
  • Understanding Total Rewards principles & framework
  • Understanding benchmarking of reward practices
  • Ability to develop & deploy rewards philosophy, strategy & plan
  • Understanding of compensation planning process and its administration
  • Ability to structuring the rewards mix using market benchmarks, performance and ability to pay
  • Enhanced knowledge of technology based solutions

Course Content

  • Compensation – A Management Tool
  • Understanding Total Rewards 
  • Key trends in rewards management
  • Current challenges and future of C&B
  • Structuring the rewards mix
  • Determining amount to pay
  • Benchmarking to market. 
  • Determining quantum of rewards
  • Leveraging compensation increases attraction, motivation & retention
  • Regulatory impact on compensation
  • Leveraging latest technology in C&B 

Approach

  • Multiple Delivery Options – F2F, Facilitator led Virtual Session, Webinar
  • Highly interactive facilitator moderated discussions, Presentations, Individual & Group exercises, Case studies, Roleplays, App-based activities, Videos, Q&A

Duration

  • 1 - 12 hours
  • Multiple Delivery Options: Webinar/Facilitator led Virtual/Face to Face

Optional Customisation

  • Duration of programs based on specific organisational needs
  • Multiple sessions can be organised during the day
  • Training needs analysis prior to design and delivery – to baseline exact requirements for maximum program value and impact
  • Follow-up programs and individual coaching sessions for greater effectiveness

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