Compensation Packages and Salary Structure

DAY 1 - Introduction to Reward Systems

• Introductions

• Objectives – for the seminar and personal

• Defining the roles of HR and line management

• Introduction to reward systems

• The elements of reward

• Reward Management

• Labor markets and economic theories

• Reward philosophies, strategies, and policies

• Factors Affecting Pay Levels

DAY 2 - Salary Structures

• Definition of a salary structure

• Pay structures - purpose

• Graded pay structures

• Broad-banding

• Individual job range structures

• Job family structures

• Pay curves

• Spot rate structures

• Pay spines

• Integrated pay structures

DAY 3 - Rewarding Individuals and Teams

• Performance-related pay

• PRP as a motivator

• Performance management and reward

• Blue-collar incentives

• Skill and competency-based pay

• Team rewards

• The link to organizational performance

DAY 4 - Benefits Allowances and Pensions

• Non-financial rewards

• Benefits and allowances

• Pension schemes

• Employee benefits strategy and policies

• Flexible benefit systems

• Location and subsistence allowances

• Overtime and shift payments

• Stand-by and call-out allowances

DAY 5 - International and Expatriate Considerations

• International pay

• Expatriates rewards

• Home or host-based approach

• Managing reward systems

• Consolidation exercise

• Review of the whole course

• Developing personal development plans

• Program review, summary and feedback