Compensation & Benefits: Strategy & Plan Design

To maximize organizational performance, managers need to address key components in the successful retention and motivation of all staff. One primary requisite is the tooling and retooling of a total reward program to ensure alignment with business objectives, drive individual/team/business unit performance and successfully compete with outside forces in the ongoing war for talent.

This course will provide students with both the underlying concepts (that include state-of-the-art thinking) along with the latest practices so that they will quickly comprehend the myriad of factors that need to be addressed to ensure an effective total compensation program.

In a highly interactive classroom setting, students will quickly grasp each of the five major compensation/benefits elements (both their individual significance and how they interact with each other) to determine what is required to ensure a coordinated program at an affordable cost.

Students completing this course will have a practical, comprehensive understanding of the complexities of reward systems, along with an in-depth appreciation of the key ingredients necessary to ensure their successful execution in any workplace setting.