T1: Total Rewards Management
January 21-23, 2008

Course Overview

Attract, Motivate and Retain Employees with an Effective Rewards Program

Learn what is required to formulate a rewards program that has the power to attract, motivate and retain—total rewards. This basic-level, two-day course is designed to be the first course in the Certified Compensation Professional (CCP)/Certified Benefits Professional (CBP) sequence. Participants are introduced to the total rewards model and each of its components. Emphasis is given to the five elements of total rewards: compensation, benefits, work-life, performance and recognition, and development and career opportunities. On the third morning, an optional certification exam covers the content of this course.

• Gain an understanding of total rewards management
• Discover the five elements of total rewards
• Understand the critical role of the main drivers—organizational culture, business strategy and human resources strategy
• Learn the process of designing a successful total rewards strategy

Who Should Attend

This course is designed for professionals new to human resources, as well as HR generalists or line managers who want a basic overview of the components that can create an effective balance in employee rewards tools.

What You Will Learn

Introduction to Total Rewards

• The evolution of rewards
• The total rewards model
• The total rewards approach
• The total rewards strategy

Compensation

• Elements of compensation
• Building a job worth hierarchy
• Components of a base pay structure
• Types of base pay
• Types of pay adjustments
• Variable pay

Benefits

• Benefits
• Elements of benefits
• Factors influencing benefits
• Income protection programs
• Pay for time not worked programs

Work-Life

• Work-life
• The work-life professional
• The work-life portfolio

Performance and Reccognition

• Performance and recognition
• Performance management
• Performance management process phases

• Phases 1 through 4

• Recognition program