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Reward in Context

CIPD Training
Course summary
2 days
1,110 GBP excl. VAT
London
Open / Scheduled

Course description

Reward in Context - 2 day course - CIPD Training

This 2-day Reward in Context course helps organisations align reward policies with business strategy. Through practical and interactive learning tools, particularly case studies, participants will develop specialist knowledge critical to HR and organisational needs. This course addresses the reward environment in which the organisation operates and analyzes the resources required to manage reward schemes.

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Suitability - Who should attend?

This 2-day Reward in Context course is suitable for HR generalists, reward practitioners, or those with an interest in maximising the effectiveness of reward polices and strategies in line with broader organisation contexts.

In-house training

All our programmes can be run in-house, where we can tailor the content to your organisation’s unique needs.

Outcome / Qualification etc.

By the end of this course you will be able to:

  • Align reward policies and strategy with the business, HR and organisational strategy
  • Identify the reward environment in which the organisation operates
  • Take a planned approach to managing change in relation to reward
  • Assess the impact of corporate governance on executive reward and the operation of the remuneration committee
  • Explain the requirements of equal pay legislation
  • Determine the resources required to support and manage reward schemes
  • Identify the key risk factors related to reward,

Training Course Content

The training content for this programme is as follows: 

HR and Reward strategy

  • business, HR and reward strategy
  • guiding principles and reward philosophy
  • the impact of scale and sector
  • the psychological contract, motivation and engagement

Managing Reward

  • market intelligence and awareness of competitive practice
  • employment and discrimination law as it applies to reward programmes, including international differences
  • line manager involvement and responsibilities
  • diversity and equal pay

Communicating Reward

  • importance, levels and methods of communication
  • employee and line management involvement

Change Management

  • mergers and acquisitions
  • due diligence and data rooms
  • post-acquisition harmonisation
  • public sector change processes in focus
  • key change management considerations

Executive Remuneration

  • as an influence on the pay environment
  • the role of theremuneration committee
  • the UK Corporate Governance Code, NAPF, ABI and RREV, European and international regulations
  • annual report of the remuneration committee
  • effective use of independent advisers
  • conducting remuneration committee meetings
  • international and sector comparisons

Managing Risk

  • identifying the major risks in reward
  • action plans to manage risk

The Reward Function

  • alternative approaches to reward function design
  • using reward consultants effectively
  • career paths

Action Planning

Why choose CIPD Training

Over 100 years of experience

Join over 25,000 professionals currently studying

100+ short courses

Expenses

  • Non-member Fee: £1,110 + VAT
  • Member Fee: £1,000 + VAT

Continuing Studies

This course is part of the CIPD Level 7 Advanced Award in Reward Management and the Postgraduate Certificate in Reward Management. Enquire now to find out more information.

About provider

CIPD Training

Shaping the future of the HR and L&D profession. The CIPD is championing better work and working lives, setting the benchmark for excellence in people and organisational development.  With more than 100 programmes, CIPD Training is one of the UK's...


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Contact info

CIPD Training

151 The Broadway
SW19 1JQ London

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