Total Rewards

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

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

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.

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 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

This Glomacs training course is suitable for a wide range of professionals but will benefit:

• Human Resource Professionals
• Those working in or recently transferred to compensation, benefits, or reward positions
• HR staff who are responsible for the administration of compensation or reward
• HR Business Partners
• Anyone involved in Total rewards

DAY 1

The Business Context for Total Rewards

• Business Contexts for Total Rewards
• History and Development of the Total Reward Concept
• Total Remuneration Vs Total Rewards
• The Tools Needed to Formulate a Total Rewards Program
• The Advantages and Disadvantages of a Total Rewards Approach

DAY 2

Reward Strategy

• Understanding Strategy
• The Tools Needed to Formulate a Total Rewards Program
• Developing a Reward Strategy
• Content of Reward Strategies
• Putting Strategic Rewards into Practice

DAY 3

Human Psychology & Motivation

• What is Motivation?
• The Benefits of Understanding Behaviour
• Classic Motivational Theories
• Why Maslow was Wrong
• Culture and Motivation

DAY 4

Work-life, Recognition and Retention

• Understanding the Work-life Balance
• Recognition Strategies that Work
• How to Retain Valuable Workers
• Advantages and Disadvantages of Pay-for-Performance
• Why You Need Flexible Benefits

 DAY 5

Reward: Looking forward

• Developments in Reward
• Reaching Generation Z
• Bench-marking Basics
• Nationalization Issues in Reward
• Personal Action Planning

© 2023. Material published by GLOMACS shown here is copyrighted.
All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.com