Total Rewards

Introduction

Total rewards is defined as tangible and intangible aspects of work that people value and usually form part of a reward strategy. Total rewards in Human Resources aims to attract, motivate, and retain employees by offering a comprehensive package that meets their needs and expectations.

Designing an effective total rewards program in HRM involves comprehensively analyzing the organizations goals and motivations, employee demographics, and market trends. This very practical training course is suitable for anyone wishing to enhance their Human Resources career.

This Glomacs training course will highlight the following:

• Introduces the essential concept of total reward in compensation and benefits
• Investigates reward from an administrative, strategic, and human perspective
• Focuses on how to design a total rewards approach for any workplace
• Bench-marking basics and the strategic impact of total reward
• Provides a toolkit of valuable practices that you can use after the course

Objectives

By the end of this Total Rewards training course, participants will learn to:

• Describe best practices in total rewards
• Explain the economic, psychological, and motivational concepts that influence reward
• Discuss the best way to attract and retain people
• Differentiate between ‘old’ and ‘new’ reward
• Defend the case for a total reward strategy

Training Methodology

Participants in this Total Rewards training course will receive thorough training on the subjects covered by the training course outline. The Tutor will utilise various proven adult learning teaching and facilitation techniques. Training methodology includes a range of engaging, practical exercises, and activities. There will be practical sessions where participants can participate and experience topics. Case studies, videos, small group work, exercises, and feedback will all be used to facilitate learning.

Organisational Impact

Specific benefits to the organization include:

• Practical methodologies that can help improve retention
• Improved employee engagement and performance
• Staff promoting best practices in reward strategy
• Implementation of total rewards best-practices
• HR staff trained in the latest approaches to reward and compensation

Personal Impact

Personal benefits include:

• Development of practical and transferable skills
• Improved skills for an HR career
• Enhanced skills in total rewards
• The ability to understand reward strategy
• Increased understanding of human psychological motivation