Description

Total Rewards Management System (TRS) | A Full Guide to TRS

MANAGING COMPENSATION AND BENEFITS
 Compensation and benefits objectives.
 Components of compensation and Benefits.
 Establish Compensation and benefits cycle;
– Review and Analysis current practices.
– Total budget.
– Develop com & Ben Philosophy.
– Develop an Assimilation Policy.
 Internal Vs. External Equity.
 Moving into Total Rewards System
 Components of Total Rewards Management

JOB ANALYSIS AND JOB DESCRIPTIONS
 Uses of job descriptions
 Job analysis explained
 Carrying out the job analysis process

JOB EVALUATION
 Job evaluation Methods
 Designing Compensable Factors
 Job Evaluation
 Sources of error in the job evaluation process

COMPENSATION AND BENEFITS SYSTEMS
 Types of Salary Structure
 Benchmarking
 Salary Survey
 Designing Structures
 COMPA RATIO Analysis
 Assigning Pay Grades
 Managing your compensation programs

Design Incentives
 Evaluate effectiveness of existing incentives
 Develop a broad-based corporate incentive plan
 Develop a sales incentive or commission plan

TOTAL REWARDS SYSTEM
 The performance cycles
 Cascading organizational objectives
 Performance metrics, key output & success criteria
 Identifying Hi-potential top-talent employees
 Mapping performance results

Workshop Duration: 3 days
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