Total Reward Management System
Posted on 17th April 2025Duration
Categories
Human resources ManagementSub Categories
compensation and Benefits, Human resourcesModule Overview:
A Total Reward management system is a system implemented by HR departments that provides monetary, beneficial and developmental rewards to employees who achieve specific business goals. In recent years, the phrase“ compensation and benefits” has given way to “total rewards”—which encompasses not only compensation and benefits but also personal and professional growth opportunities and a motivating work environment (for example, recognition, valued job design, and work/life balance).
Learning Outcomes:
- Attract and retain top talent: Understand Total Rewards Management and use it to keep your best people on board.
- Master the 5 elements of rewards: Learn the key components of Total Rewards and the principles behind smart reward decisions.
- Build a strong pay system: Define a clear grading system and compensation structure for your organization.
- Craft a winning rewards strategy: Design, implement, and integrate a total rewards strategy and a benefits scheme that aligns with your company culture, business goals, and HR plans.
