Course Overview

The "Strategic Total Rewards Management" course is a dynamic program designed to equip HR professionals and business leaders with the skills to create and implement effective compensation and benefits strategies that drive employee engagement, organizational performance, and competitive advantage. Participants will gain a comprehensive understanding of the intricate relationship between compensation, benefits, and organizational success. This course combines theoretical knowledge with practical applications to prepare learners for roles that require expertise in modern HR practices.

Module 1: Foundations of Total Rewards Management

• • Introduction to the concept of total rewards and its role in attracting and retaining talent.
  • Understanding the components of total rewards, including compensation, benefits, recognition, and work-life balance.
  • Aligning total rewards with organizational culture and strategic objectives.

Module 2: Compensation Strategy Development

• • Analyzing market trends and benchmarking to determine competitive compensation packages.
  • Designing compensation structures that reward performance, skills, and contributions.
  • Exploring variable pay options, such as bonuses, incentives, and equity-based compensation.

Module 3: Benefits Design and Administration

• • Evaluating different employee benefits, including health insurance, retirement plans, and wellness programs.
  • Crafting benefit packages that cater to diverse employee needs and preferences.
  • Ensuring compliance with legal and regulatory requirements in benefit offerings.

Module 4: Performance Management and Incentive Systems

• • Linking performance management to compensation and rewards.
  • Designing performance appraisal systems that motivate employees and drive organizational goals.
  • Implementing incentive programs that encourage high performance and innovation.

Module 5: Employee Engagement and Total Well-Being

• • Understanding the impact of total rewards on employee engagement and satisfaction.
  • Fostering a culture of well-being by offering holistic benefits and support programs.
  • Measuring the effectiveness of total rewards in enhancing employee morale and loyalty.

Module 6: Equity, Diversity, and Inclusion in Compensation

• • Exploring strategies to ensure fairness and equity in compensation practices.
  • Addressing pay gaps and promoting diversity and inclusion in reward systems.
  • Mitigating unconscious bias in compensation decisions.

Module 7: Communication and Total Rewards Education

• • Developing effective communication strategies to educate employees about their total rewards.
  • Enhancing employees' understanding of their compensation, benefits, and other rewards.
  • Using communication to reinforce organizational values and enhance employee satisfaction.

By offering a comprehensive curriculum that covers compensation strategy, benefits design, performance management, and equity considerations, this course will prepare HR professionals and business leaders to create and implement total rewards programs that attract, engage, and retain top talent. Graduates will be well-equipped to navigate the complex landscape of modern HR practices and contribute to the overall success of their organizations.

Course Fee

₦185,000

Date & Location

• Date: 8th Oct - 10th Oct, 2024
• Location: Lagos
• Virtual Learning: Available