Reward in Context

Short Course
Duration: 2 days   /   Level: General   /   Suitable for in-house

Explore the internal and external environment in which reward needs to be managed when developing effective reward programmes.

This course forms part of the CIPD Level 7 Advanced Award in Reward Management.

Details

SKU#REW:RC

Dates and Availability

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Start Date Location Availability Non-members Members Delegates  
12 October 2017
Duration: 2 days
London Spaces available
£1,110.00
+ VAT
£1,000.00 + VAT Book places now
13 December 2017
Duration: 2 days
London Spaces available
£1,110.00
+ VAT
£1,000.00 + VAT Book places now
04 April 2018
Duration: 2 days
London Spaces available
£1,110.00
+ VAT
£1,000.00 + VAT Book places now
06 June 2018
Duration: 2 days
London Spaces available
£1,110.00
+ VAT
£1,000.00 + VAT Book places now
02 October 2018
Duration: 2 days
London Spaces available
£1,110.00
+ VAT
£1,000.00 + VAT Book places now
05 December 2018
Duration: 2 days
London Spaces available
£1,110.00
+ VAT
£1,000.00 + VAT Book places now

Booking information and ways to pay

  1. At checkout you can either pay online using a credit/debit card, cheque or BACS transfer, or you can request to pay by invoice. The invoice option is only available for bookings where a UK company name and address has been provided at checkout.
  2. If you need to book more than four places on one date, please contact us on +44 (0) 20 8612 6202 or email us
  3. If you prefer to complete a paper booking form, you can download and print it here (PDF 128KB)
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Details

This wide-ranging Reward in Context course reflects on the impact modern reward management has on company reward schemes, regardless of your company’s size. This course is practical and interactive; using case studies to deliver specialist knowledge deemed critical to aligning reward strategy with the business; HR and organisational strategy. It addresses the reward environment in which the organisation operates and looks at the resources required to manage reward schemes.

This course can also be run in-house for a group of people in your organisation. Run as it features here, or tailored to suit your organisational needs. To discuss your particular requirements, please call us on +44 (0)20 8612 6202.

Course Tutors

Mr Clive Wright

Clive is Director of Hyperion HR Ltd. The company provides HR and reward consulting services to business leaders and HR Directors. He established Hyperion after leaving Mercer in 2009 following 8 years as a Principal working with FTSE 100 and international companies. Prior to joining Mercer he fulfilled senior global HR and Reward roles for major international companies. Clive served as Chair of the CIPD Reward Forum for eight years and currently delivers both the ‘Developing a Reward Strategy’ and 'Reward in Context' courses. He is a Visiting Professor at City of London Business School and the Council Director of the European and Asia-Pacific Compensation and Benefits Councils of The Conference Board.
Who is it for

The Reward in Context course is for you if you’re an HR generalist, or reward practitioner, with an interest in (or responsibility for) maximising the effectiveness of reward polices and strategies in line with broader organisation contexts. It covers important aspects of reward such as executive pay and the remuneration committee.

Benefits

By the end of the Reward in Context course you will be able to: 

 

  • align reward policies and strategy with the business, HR and organisational strategy
  • identify the reward environment in which the organisation operates
  • take a planned approach to managing change in relation to reward
  • assess the impact of corporate governance on executive reward and the operation of the remuneration committee
  • explain the requirements of equal pay legislation
  • determine the resources required to support and manage reward schemes
  • identify the key risk factors related to reward.
Programme

HR and Reward strategy

  • business, HR and reward strategy
  • guiding principles and reward philosophy
  • the impact of scale and sector
  • the psychological contract, motivation and engagement.

 

Managing Reward

  • market intelligence and awareness of competitive practice
  • employment and discrimination law as it applies to reward programmes, including international differences
  • line manager involvement and responsibilities
  • diversity and equal pay.

 

Communicating reward

  • importance, levels and methods of communication
  • employee and line management involvement .

 

Change Management

  • mergers and acquisitions
  • due diligence and data rooms
  • post-acquisition harmonisation
  • public sector change processes in focus
  • key change management considerations.

 

Executive remuneration

  • as an influence on the pay environment
  • the role of the remuneration committee
  • the UK Corporate Governance Code, NAPF, ABI and RREV, European and international regulations
  • annual report of the remuneration committee  
  • effective use of independent advisers
  • conducting remuneration committee meetings
  • international and sector comparisons.

 

Managing risk

  • identifying the major risks in reward
  • action plans to manage risk.

 

The reward function

  • alternative approaches to reward function design
  • using reward consultants effectively
  • career paths.

 

Action planning

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