Employers Association: Total Rewards Management: Philosophy & Plan Design

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Total Rewards Management: Philosophy & Plan Design

In times of rising compensation and benefits costs and changing demographics, companies are becoming more aware of the need to maximize total dollars spent on all salary and benefit programs. How do you allocate monies effectively between compensation, benefits, and work-life issues to ensure employee satisfaction, productivity, and retention?

The Total Rewards Management philosophy acknowledges that all organizations are different, requiring a strategic plan for compensation and benefits uniquely tailored for each company. Understand the four-part model: Compensation, Benefits, the Work Experience, and Personal Development. Analyze your company's culture and learn how to survey your company to determine the right mix of these components for you. Design a Total Rewards strategy to maximize total dollars spent on Human Capital.

Program content

Exploring the Total Rewards Model--compensation, benefits, work environment, and personal development issues--and its link to retention/motivation

Discussing business reasons behind Total Rewards

Developing a Total Rewards Strategy aligned with your company's business plan

Analyzing your corporate culture to see what Rewards are most effective for your unique organization

Understanding the work experience and work-life balance issues

Communicating Total Rewards to your employees

Who should attend

HR professionals responsible for developing/communicating compensation and benefits to employees

Managers and Directors responsible for developing corporate compensation and benefits strategy

This course is conducted at EA's Plymouth location.

This program is approved for 5.5 general recertification credit hours toward PHR, SPHR and GPHR recertification through the Human Resource Certification Institute (HRCI). The HRCI seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCI's criteria to be pre-approved for recertification credit. For information, visit www.hrci.org.

Cost

Member Price: $315.00	Member Prepayment Price: $280.00
Affiliate Price: $340.00	Affiliate Prepayment Price: $305.00
Standard Price: $430.00

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