Designing Rewards Strategies that Drive Business Objectives
12 March 2019, 9:00AM - 5:00PM, WAT Lagos, Nigeria
A company’s reward strategy is its approach to combining the five reward elements: Compensation, Benefits, Work-Life balance, Performance & Recognition and Development & Career Opportunities to enhance its Employee Value Proposition. Employers of choice design their reward strategies to enable them attract, retain and motivate the talents required to achieve business objectives.
“A company’s ability to execute business strategy is directly related to its ability to attract, retain, motivate and develop people” (Arthur Sika, DHC Conference Oct 2011). To help in achieving business objectives, a reward strategy must be strongly aligned to business and HR strategies.
The objective of this programme is to equip HR and Reward practitioners with the knowledge and skills for weaving reward strategies that are tailored to their business needs and help drive employee and business performance.
• Overview of the concept of Total Rewards (TR) and the TR Model
• Understanding the TR strategy and relationship with HR strategy
• Understanding the link between Reward strategy and the business
• Examination of different organizational culture and business structure and Rewards strategy.
• Explain the process for designing a TR strategy
• Identify the benefits of an articulated Rewards strategy
• Weaving a Rewards strategy that enhances differentiation in the pay market
• Understanding the cost implication of Rewards
• Measuring effectiveness of Rewards strategy
N100,000 per participant, exclusive of VAT
5% discount for 3 to 4 participants and 10% discount for 5 participants and above
Duration : 1 Day
Date: March 12, 2019; August 14, 2019
Time : 09:00 AM - 05:00 PM
||Who Should Attend?
Bishop Aboyade Cole Street
• HR and Reward practitioners
• Managers and team leads who typically act as champions and role models & mentors for their team members
• Finance functions that liaise with HR for costing, funding and accounting for Rewards programmes
• Union members who need to improve their knowledge of Rewards and how it affects union members
• Senior and executive management roles that need to enrich and broaden their knowledge on Rewards