Course
Design and management of wage, reward and excellence incentive systems
Design and Management of Wage, Reward, and Excellence Incentive Systems Course
This course aims to provide participants with the knowledge and skills necessary to design and manage effective pay and reward systems, ensuring employee motivation and enhancing organizational performance. The course focuses on the latest methods in developing salary structures, managing financial and non-financial incentives, and linking compensation to performance in accordance with international best practices.
Participants will be introduced to the principles of designing wage and reward systems, including job analysis and evaluation to determine fair and competitive salary levels. Strategies for developing a wage structure that aligns with market trends and corporate requirements, while ensuring compliance with local and international laws and regulations, will also be discussed.
The course also addresses incentive and reward systems. Participants will learn how to design innovative incentive programs that include cash rewards, additional benefits, and individual and group performance incentives, with the goal of enhancing employee loyalty and increasing productivity.
The course will also cover performance management strategies and linking rewards to actual results through employee performance appraisal systems, such as the Balanced Performance Management System (BSC), and fair and transparent evaluation methodologies to ensure fairness in the distribution of rewards and incentives.
The latest trends in compensation and benefits will also be reviewed, such as flexible benefits, performance-based pay systems, and comprehensive compensation packages that enhance employee satisfaction and contribute to attracting and retaining talent.
The course aims to enable human resources managers, compensation and benefits specialists, and performance management experts to develop effective compensation and reward systems that support the achievement of the organization's strategic objectives and enhance employee satisfaction and productivity.
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