Develop Strategies for Total Remuneration (HR-PRB-503E-1)

Course details

Course Objectives

The course will address the skills and knowledge required to develop and manage remuneration and benefits system of an organization. It covers the development of a competitive remuneration and benefits strategy and supporting employees to implement the strategy.

Course Outline

Assess remuneration strategy requirements

• Analyse internal and external factors to identify trends and their impact on the organization strategies, human resource functions and remuneration strategies
  
• Consult stakeholders to clarify expectations of the remuneration strategy and confirm alignment with strategic goals
  
• Review trends and measures data to determine the remuneration strategy

Facilitate implementation of remuneration strategy

• Support implementation of the remuneration strategy by facilitating the development of policies and acquiring resources
  
• Communicate remuneration strategy to encourage buy-in from stakeholders
  
• Support employees to implement the remuneration strategy

Monitor the remuneration strategy

• Identify criteria to evaluate the performance of remuneration strategy
  
• Support the development of processes and systems to gather measurement data and feedback
  
• Monitor external influences and trends that may impact on remuneration strategy
  
• Analyse data to approve refinements to the remuneration strategy