Enhancing Total Rewards

Society for Human Resource Management (SHRM)

Training overview

Professional Course

2 days-4 weeks

Society for Human Resource Management (SHRM)

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Course description

Enhancing Total Rewards

Are you ready to unleash the power of the right total rewards plan? Do you understand all aspects of compensation, benefits and lifestyle rewards? Learn flexible ways to make your organization competitive at securing top talent by offering rewards strategically aligned to both employees' needs and the organization's priorities. The right blend will help solve organizational talent needs and enable employees to thrive – ultimately impacting the bottom line. In this program, you will gain the full breadth of total rewards to develop your unique strategy in the areas of compensation, benefits and experience.

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Training content

This program includes the following modules:

Module 1: Introduction
- Program Overview
Module 2: Total Rewards Overview
- Total Rewards Defined
- SHRM Total Rewards Model
- Total Rewards Philosophy
Module 3: Compensation
- Compensation Regulatory Environment
- Types of Compensation
- Defining a Pay Strategy
- Defining a Pay Structure
- Building a Market-Based Pay Structure
- Bonus and Incentive Programs
- Understanding the Cost of Your Compensation Program
Module 4: Benefits
- Budgetary Significance of Benefits
- Benefits Regulatory Environment
- Common Benefits
- Enhanced Benefits
- Developing a Benefits Strategy
- Working with a Benefits Broker
- Understanding the Costs of Your Benefits Program
Module 5: Experience
- Inclusion
- Recognition
- Well-being
- Flexibility
- Community Impact
Module 6: Creating a Total Rewards Program
- Total Rewards Implementation Process
- Step 1: Assess
- Step 2: Design
- Step 3: Implement
- Step 4: Evaluate
Module 7: Conclusion
- Program Review
- Program follow-up

Course delivery details

2-Day In-Person (Onsite or Seminar)
4-Week Virtual

Costs

Member Price: $1,395.00
Non-Member Price: $1,665.00

Certification / Credits

Recertification: SHRM: 15 PDCs

This program is designed to provide you with the knowledge and skills necessary to:

Discuss what a total rewards program is, why it is important, who it impacts and what is included
Evaluate the components of a compensation strategy and program for how they can be used to drive change
Explore and evaluate a broader range of benefits that can be used to create a powerful total rewards plan
Design an innovative total rewards package with the right combination of compensation and benefits to mutually benefit the organization and the employee
Develop an effective total rewards communication strategy that attracts and engages your organization's talent

About SHRM

Society for Human Resource Management (SHRM)

SHRM, the Society for Human Resource Management, creates better workplaces where employers and employees thrive together. As the voice of all things work, workers and the workplace, SHRM is the foremost expert, convener and thought leader on issues impacting today’s...