Top Business Group for Human Resources

Total Rewards Management

Date Saturday 01-06-2024 Category Human Resources

Course Outline
• Establishing Strategic Pay Plan
• Pay for Performance and Financial Incentives
• Employee Benefits and Services

Day 1:
a) Expectations & Introduction
• Where total rewards fit in the bigger picture
• Components of total rewards
• How to attract, retain and motivate top notch talents

b) Salary Survey
• 4 forms of equity and how to address each
• Aim of conducting salary survey
• Formal and informal surveys
• Quartiles and percentiles
• What else should be surveyed?

c) Job Evaluation
• Identifying Compensable factors
• Determining the relative worth of jobs
• Different job evaluation systems
o Job Ranking
o Job Classification
o Factor Comparison
o Point Method
• Pros and cons of each method, and when to use each?

d) Job Grading
• Grouping similar jobs into pay grades
• Job families
• Grading methodologies and Broad-banding

Day 2:
a. Pricing Pay Grades
• Plotting the wage curve
• Market pricing of jobs
• Establishing a strategic pay plan
• Workshop on excel to plot the wage curve (linear regression)

b. Fine Tune Pay Rates
• Developing pay ranges
o The minimum starting
o The mid-point
o The maximum
• Correcting out-of-line rates
• Managing red and green circles

c. Variable Pay Plans
• Pay for performance and financial incentives
• Main incentives for individual employees
• Pay for group performance
• Organization-wide variable pay plans

d. Benefits and Services
• Pay for time not worked
o Vacations and Holidays
o Sick leaves
o Maternity leave
• Insurance benefits
• Retirement benefits
• Services and family friendly benefits
• Cafeteria approach

Course Duration: 2 Days from 9:00AM to 4:00PM

Course Language: English material/bilingual lecture

Registration Deadline: One week before the course date

Course Venue: Top Business premises: 17, Abdel Wahab Selim Elbeshry St. Sheraton Heliopolis, Cairo, Egypt.

Registration & Payment
• Course fees include materials (Soft Copy), coffee break, and certificate.
• Payment by cheque in Top Business’ name, cash to our address, Visa or bank transfer.
• Payment is due within 3 working days from course confirmation date. Your registration is confirmed only after payment.
• In case of cancellation 4 working days before the course starting date, 10% of the total amount is nonrefundable