Mastering Total Rewards: Comprehensive Strategies for HR Professionals Event, 30.Dec.2024

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.