Certificate in Performance and Rewards Management

The Certificate Course in Performance and Rewards Management is a five-day course designed to help participants develop a Performance and Rewards Management System.

Objectives:

As a result of this course, the participants will be able to design a comprehensive performance and/or Rewards Management System suited to their organization. Specifically, they will be able to:
  1.Develop a total PRM philosophy and strategy
  2.Identify Critical Success Factors in implementing PRM systems
  3.Demonstrate the following skills:
     ▪ Job/Role Analysis
     ▪ Identify Performance Metrics
     ▪ Assessment Methods
     ▪ Job Evaluation
     ▪ Salary Scale Construction

Course Outline

Module I:Overview of Strategic Human Resource Management
This module orients the participants about key characteristics of Strategic HR Management. It discusses the difference between traditional and transformative, and HR and business drivers for Talent Management.

Module II. Foundations of Performance & Rewards Management
This module covers the factors that affect employee performance. This section provides understanding of employee performance specifically the evolution of work and the profile of today's workforce. It also covers motivation theories regarding performance and rewards management and the psychological contract.

Module III: Fundamentals of Performance Management
The third module tackles the definition and characteristics of Performance Management. The participants will go over the Performance Management Cycle-it's purpose, drivers, and useful processes and tools with regard to Performance Management. This module will also cover how to effectively link Performance Management to other HR systems.

Module IV: Fundamentals of Rewards Management
Module four will discuss critical concepts in Rewards Management specifically Total Rewards and it's importance. The participants will go through discussions on compensation strategies, designing compensation structures, job analysis, job evaluation tools, and internal alignment with Performance and Rewards Management. The factors that affect the external competitiveness of Rewards Management will also be covered along with designing pay-level and pay-mix policies and decisions.

Dates Available: 
Price: 
27 500.00