Compensation and Total Rewards

3-DAY COURSE: COMPENSATION AND TOTAL REWARDS, the effective approach for the Attraction, Retention and Motivation of Employees

 

Compensation and Total Rewards Management is a critical factor in managing Human resources. Compensation and Total Rewards for Labour can account for more than 50% of total costs and thus having a direct impact on the sustainability and profitability of an organization.
Properly designed compensation systems influence employee behaviors to improve organization performance.
Unfortunately, many businesses in Ghana have poor compensation systems that impose burdensome costs and create disgruntled and dissatisfied employees.
This 3-day course gives participants the tools to design and implement a total compensation and rewards system that can boost organizational productivity.

Course Content:
1.Compensation Objectives
2.Introduction to Compensation
a.Reasons for Compensation Systems
b.Goals of Compensation Programs
3.Managing Fairness
4.Quantitative Concepts (Audit and Control Techniques)
5.Compensation Statistics
6.The Pay Model
7.Salary Structure Policy
8.Factors Affecting A Pay System
9.Compensation Principles
10.Salary Administration
      a.What are we paying for?
      b.Typical Reward System
11.Compensation Strategy
12.Salary Surveys (Interim & Market Pricing)
13.Compensation Plan Proposal (Limits of Authority)
14.Compensation Communication

Course Objectives: At the end of the programme, participants will be able to:

  • Understand Compensation Philosophy and Salary Administration system
  • Use and understand basic compensation concepts and principles
  • Ensure high quality standards in salary administration programs
  • Use Salary Survey Techniques
  • Implement Pay for Performance System.

Date: April 11-13, 2017

Venue: HR Centre, near Darko Farms, Nyaniba Estates, Accra

Course Fees:

Full Member: GHS 750.00
Corporate Member: GHS 750.00
Student Member: GHS 650.00;
Affiliate Member: GHS 700.00
Others GHS 850.00

 

Mode of payment: Cheque payable to the Institute of Human Resource Management Practitioners, Ghana (IHRMP)
Payment must be done by April 7, 2017 to confirm participation.

 

Registration: 
Call 0302 767413 or send e-mail to This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.humanresource.org.gh

CONTACT NUMBERS

MOBILE:     0269220210
TEL:           0302767413

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About IHRMP

The Institute of Human Resource Management Practitioners (IHRMP), Ghana, brings together HR practitioners who work in both the public and private sectors of the Ghanaian economy.