Reward Management

Compensation and reward systems; Nature and importance of reward management; Strategic alignment of compensation to business and human resource strategies.; Aims of reward management; Reward strategy; Responsibility for reward; Components of reward system; Types of reward; Factors affecting levels of reward; Job evaluation; Grade and pay policies systems and procedures; Determining employees reward – processes and procedures Determining market pay rates; Developing pay structures; Performance-related pay, team-based pay, shop floor incentive schemes; Rewarding special groups such as directors, expatriates, sales staff; Salary survey; Incentive plans; Employee benefits; Contemporary issues and trends in reward.