Developing a Reward Strategy

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

Identify the major factors that need to be taken into account when developing an effective reward strategy for your organisation.

Details

SKU#REW:DRS

Dates and Availability

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Start Date Location Availability Non-members Members Delegates  
07 February 2018
Duration: 2 days
London Spaces available
£935.00
+ VAT
£850.00 + VAT Book places now
13 June 2018
Duration: 2 days
London Spaces available
£935.00
+ VAT
£850.00 + VAT Book places now
11 October 2018
Duration: 2 days
London Spaces available
£935.00
+ VAT
£850.00 + 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 two-day Developing a Reward Strategy course provides a practical introduction to the process of reward strategy development through action planning, case studies and group discussions. You'll gain the skills, theory and specialist knowledge needed to implement effective reward strategies, and associated processes, to build on your organisation’s success. As part of the programme you'll build the first steps to develop the reward strategy for your organisation.

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

Developing a Reward Strategy is perfect for you if you’re a senior HR or reward practitioner with responsibility for remuneration strategy, policy and development. The course is suitable for those in the private, public and voluntary sectors. You’ll discover the theoretical and practical issues in developing a reward strategy, and how to develop your own reward strategy unique to your organisational circumstances.

Benefits
This course can make a huge difference to you and your organisation in a number of ways. You'll learn to improve employee and organisational performance with a competitive reward strategy to gain maximum return from your reward investment.
Programme

What is a reward strategy?

  • objectives and success measures

 

Understanding the reward environment

  • business environment and organisational needs
  • HR environment
  • employee motivation and needs
  • organisation values

 

Reward strategy design

  • total reward
  • strategy development
  • links with other HR programmes
  • developing the plan, tools, communication, success measures
  • the change process 

 

Reward components

  • overview of reward tools and techniques (as appropriate for the group)
  • total reward
  • programme options
  • success measures

 

Evidence-based strategy design

  • understanding the framework
  • evidence-based success criteria
  • measures

 

Reward philosophy

  • Guiding principles
  • examples

 

Reward strategy development

  • the process of developing a reward strategy
  • current practice

 

Implementing your reward strategy

  • the paradoxes
  • barriers to success
  • enablers

 

Action planning

  • learning from extensive case studies
  • develop the first building blocks for your reward strategy.
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