Main MenuMain Menu
Course Code: HRM 2127
827 Course Visits
Compensation and Reward Management Masterclass
Course Sector:
HR Strategy and Training
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
London, UK $4,950
02
5 Days
Abu Dhabi, UAE $4,250
03
5 Days
Dubai, UAE $4,250
Introduction
Training course introducion / brief
This comprehensive training program designed to equip professionals with the knowledge and practical tools required to build and manage effective compensation systems.
This training program will provide an in-depth understanding of how compensation decisions impact organizational success and employee satisfaction.
Participants will explore the fundamentals of compensation design, performance-based reward strategies, legal compliance, and global compensation practices.
Through interactive exercises, real-world case studies, and expert insights, this masterclass offers a structured approach to creating a competitive and motivating compensation framework that drives business performance and enhances employee engagement.
Course Objectives
At the end of the training course, participants will be able to
Define compensation and reward management, including its key components and role in organizational performance.
- Identify the differences between direct and indirect compensation, as well as intrinsic and extrinsic rewards.
- Comprehend the importance of fair compensation practices for employee motivation, retention, and attraction.
- Create a comprehensive compensation philosophy that aligns with organizational values and objectives.
- Develop job evaluation methods and create a fair, competitive pay structure.
- Analyze market trends, salary benchmarking, and pay equity to ensure external competitiveness and internal equity.
- Understand the principles of pay-for-performance and design performance-based reward systems that align with company KPIs.
- Gain expertise in designing incentive plans and performance appraisals that motivate and reward employees.
- Develop a Total Rewards framework that incorporates both monetary and non-monetary benefits, such as work-life balance, healthcare, and retirement plans.
- Learn how to design a benefits package that is both cost-effective and aligns with employee needs.
- Understand the legal landscape surrounding compensation, including labor laws, anti-discrimination practices, and compensation compliance requirements.
- Apply best practices to manage wage disparities and ensure pay equity.
- Develop clear and consistent compensation communication strategies to manage employee expectations and address dissatisfaction.
- Learn the best practices for communicating compensation changes to employees and leaders.
- Manage compensation for different employee segments, including full-time, part-time, remote, and freelance workers.
- Address cross-cultural and generational compensation challenges and trends.
- Explore emerging trends such as AI, data analytics, and financial wellness programs in shaping compensation strategies.
- Adapt compensation practices to evolving work models, including remote and hybrid work arrangements.
- Create and implement a strategic compensation plan that is aligned with business objectives, culture, and budget.
- Measure the effectiveness of compensation systems and continuously refine them to improve organizational performance.
Course Audience
Who is this course for, and can benefit the most
- Human Resources Managers and Directors.
- Compensation and Benefits Specialists.
- HR Business Partners.
- Business Leaders and Executives.
- Talent Acquisition and Retention Managers.
Course Outline
The course aims and learning outcomes
Introduction to Compensation and Reward Management
- Definition of Compensation and Reward Management
- Importance of Compensation and Rewards in organizational performance
- Key components: Direct vs. Indirect Compensation, Intrinsic vs. Extrinsic Rewards
- The role of compensation in talent acquisition, retention, and motivation
- Key principles of fair compensation practices
- Case Study: Examples of effective compensation practices in leading organizations
Designing Compensation Systems
- Compensation philosophy and its role in decision-making
- Components of effective Compensation System
- Job analysis and job evaluation methods
- Pay structure design: Pay grades, pay bands, and pay ranges
- External competitiveness vs. internal equity
- Salary benchmarking and market data
- Aligning compensation strategy with company values and objectives
- Practical Application
Pay for Performance – Linking Compensation to Organizational Goals
- The concept of Pay-for-Performance (P4P)
- Types of performance-based compensation: Bonus, commissions, incentive plans
- Performance appraisal methods: Rating scales, 360-degree feedback, etc.
- Aligning individual performance with company KPIs
- Legal and ethical considerations in performance-based rewards
- Group Exercise: Designing an incentive plan based on organizational goals
Employee Benefits and Total Rewards Strategy
- Components of employee benefits: Health insurance, retirement plans, paid time off, etc.
- The Total Rewards framework
- Importance of work-life balance and flexible work options
- Benefits communication and employee perception
- Designing a benefits package based on employee needs and organizational budget
- Case Study: Designing a Total Rewards program for a company with diverse needs
Legal Considerations in Compensation and Rewards
- Employment laws impacting compensation: Fair Labor Standards Act (FLSA), Equal Pay Act, etc.
- Anti-discrimination laws and equal pay for equal work
- Exempt vs. non-exempt employees
- Managing overtime, bonuses, and other legally required benefits
- International compensation and compliance issues
- Case Studies
Developing a Comprehensive Compensation Strategy
- Steps to developing a compensation strategy
- Alignment of compensation with organizational mission, vision, and values
- Measuring the effectiveness of compensation and reward systems
- Cost-control and budget management in compensation planning
- Managing executive compensation and equity-based rewards
- Practical Application
Communicating Compensation and Rewards
- The importance of transparency in compensation communication
- How to communicate compensation packages to new hires and existing employees
- Dealing with compensation dissatisfaction and complaints
- Creating compensation and reward policies that are clear and consistent
- The role of HR in managing employee expectations
- Role-playing: Communicating a compensation increase to an employee
Motivation and Behavioral Theories in Compensation
- Overview of motivation theories
- Applying motivational theories to compensation and rewards
- Intrinsic vs. Extrinsic motivation: Balancing monetary and non-monetary rewards
- Building a motivational rewards strategy
- Practical Application
Managing Compensation Across Diverse Workforces
- Managing compensation for different employee segments: Full-time, part-time, remote, and freelance workers
- Cross-cultural compensation issues and international salary structures
- Gender pay equity and addressing pay gaps
- Addressing generational differences in reward preferences (e.g., Baby Boomers vs. Millennials)
- Equity in reward distribution
- Case Studies
Trends in Compensation and Reward Management
- The rise of flexible benefits and cafeteria plans
- Pay transparency and its impact on workplace culture
- AI and data analytics in compensation decisions
- The role of financial wellness programs in compensation
- Future of work: Remote and hybrid work compensation models
- Case Studies.
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
Since 2001, we have been pioneering the training field in the middle east, we managed to unlock potential and help individuals, teams and organisations to be the best that they can be with our full and integrated solutions.
Quick Links
Our sister companies in Egypt and United Arab Emirates
MOST TRENDING
And Recommended Training Courses
trending
The Risk Management Professional (PMI-RMP Exam Preparation)
Date: Jun 30, 2025
Location:Istanbul, Turkey
trending
OSHA: Occupational Safety and Health Administration Standards
Date: Apr 13, 2025
Location:Riyadh, KSA
trending
Certified Treasury Professional
Date: Jan 20, 2025
Location:Dubai, UAE
We believe in progress for everyone.
We helped more than 10.000 clients over 20 countries on 4 continents in boosting their knowledge, skills and careers.
Boost Training And Consulting © All Copyrights Reserved 2025