Master Total Rewards: HR Strategies for Compensation & Benefits

Optimizing Employee Compensation and Benefits for Competitive Advantage

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Master Total Rewards: HR Strategies for Compensation & Benefits

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Course Overview

This course provides a comprehensive exploration of Total Rewards Strategy (TRS), specifically designed for HR professionals seeking to enhance their strategic HR management and planning skills. The Total Rewards Management Course covers essential aspects such as compensation training, HR programs, and specialized topics including international tax planning, audit issues, and employee health programs. This course addresses gaps in HR analytics, compensation management, and international tax planning. It offers insights into HR planning, cost classification, and internal control systems.

Target Audience:

HR Managers
Compensation Analysts
Financial Advisors
Business Analysts

Targeted Organizational Departments:

Human Resources
Finance
Operations

Targeted Industries:

Healthcare
Finance
Manufacturing
Government

Course Offerings:

Understand HR Analytics
Explore Different Compensation Models.
Master Cost-Sensitive Classification
Learn the Strategic Implementation of Total Rewards
Foster a Strategic Mindset
Promote Ethical Standards

Training Methodology:

The five-day course includes interactive sessions, case studies, and group work. With a balanced mix of theoretical foundation and real-world examples, we ensure your learning is holistic and practical.

Course Toolbox:

Total Rewards Management Workbook
Checklists.

Course Agenda:

Day 1: Introduction to Total Rewards Management

Topic 1: Introduction to Total Rewards Strategy
Topic 2: Role of Total Rewards in Talent Management
Topic 3: Understanding Basic Financial Terms
Topic 4: Business Strategy and Total Rewards Design
Topic 5: Case Study: Effective Total Rewards Strategy
Reflection & Review: Summarize key points and discuss takeaways

Day 2: Legal and Ethical Framework

Topic 1: Legal Requirements in Compensation and Benefits
Topic 2: Ethical Considerations in Total Rewards
Topic 3: Discrimination and Equal Pay
Topic 4: International Compensation and Benefits Laws
Topic 5: Case Study: Avoiding Legal Pitfalls in Total Rewards
Reflection & Review: Summarize key points and discuss implications

Day 3: Components of a Comprehensive Total Rewards Package

Topic 1: Compensation: Base Salary and Hourly Wages
Topic 2: Short-term and Long-term Incentives
Topic 3: Benefits: Health, Retirement, etc.
Topic 4: Well-being Programs and Employee Effectiveness
Topic 5: Development Opportunities and Career Growth
Topic 6: Recognition Programs and Non-monetary Benefits
Topic 7: Case Study: Creating a Balanced Total Rewards Package
Reflection & Review: Summarize key points and discuss balance in total rewards

Day 4: Implementing and Communicating Total Rewards Plans

Topic 1: Steps in Implementing Total Rewards Plans
Topic 2: Importance of Communication in Total Rewards
Topic 3: Technology Tools for Total Rewards Management
Topic 4: Addressing Employee Queries and Concerns
Topic 5: Case Study: Successful Total Rewards Plan Rollout
Reflection & Review: Summarize key points and discuss communication strategies

Day 5: Review and Future Trends

Topic 1: Review of Key Concepts
Topic 2: Current Trends in Total Rewards
Topic 3: The Future of Remote Work and Its Impact on Total Rewards
Topic 4: Challenges in Total Rewards Management
Topic 5: Case Study: Adapting to Future Trends
Reflection & Review: Summarize the course and discuss future learning objectives

How This Course is Different from Other Courses:

What sets this course apart is its comprehensive nature, merging HR objectives with financial and legal considerations. From the cash flow impact of payment terms formula to the nuances of international tax planning, this course covers all five elements of a Total Rewards strategy: compensation, benefits, well-being effectiveness, development, and recognition.

credits: 5 credit per day

Course Mode: full-time

Provider: Agile Leaders Training Center