Total Rewards Management Online Workshop

Total Rewards Workshop is designed to provide participants the opportunity to review and evaluate their company’s compensation and benefits scheme in order to build a professional total rewards system balancing internal equity together with external competitiveness.


  • Online Interactive Live Sessions Using Zoom
  • Duration: 15 Hours 
  • Number of Sessions: 3 Sessions (5 Hours per Each)
  • One Day per week Friday from 2 PM till 7 PM
  • Course Start Date: 24 September 2021

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Early Bird Offer: 50% Off

 1500 EGP instead of 3000 EGP

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 2400 EGP instead of 3000 EGP

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Objective

Upon completion of this workshop, participants will be able to:

- Analyze a given salary survey

- Balance internal equity with external competitiveness

- Avoid and manage salary compression

- Establish a strategic pay plan

- Design a proper performance-based incentive plan

- Propose a competitive benefits and services plan

- Improve employee job satisfaction, engagement and retention

Outline

➤ Module 1: Establishing a Strategic Pay Plan

A) Salary Survey

- How to take a decision regarding which survey to use?

- Learn how to read salary surveys (quartiles, percentiles, deciles & average)


B) Job Evaluation

- The Job Evaluation committee

- Identifying Compensable factors

- How to use the popular Point Method to determine the relative job weight


C) Job Grading

- Grouping similar jobs into pay grades

- Grading methodologies


D) Pricing Pay Grades

- Plotting the wage curve (Linear Regression)

- Market pricing of jobs


E) Fine Tune Pay Rates

- Developing pay ranges

- Correcting out-of-line rates (Managing red and green circles)


➤ Module 2: Variable Pay Plans

- Pay for Performance and Financial Incentives

- Designing a performance

- Based incentive plan

- Motivation theories and incentive plans


➤ Module 3: Benefits & Services

- Pay for time not worked

- Insurance, Retirement and family friendly benefits

- Payroll Calculations:

• Income tax deductions (According to the latest update July 2020)

• Social Insurance deductions (According to law No. 148 year 2019)

- Cafeteria approach

Meet Your Instructor

Dr. Magued Naguib 

HR & Business Consultant

25+ Years of diversified work experience in Egypt and Gulf area as a Freelance Trainer & Consultant in Different business sectors (HR, Sales, Marketing, Counseling, Training & Development and Business Consultations), Group Director of Human Resources, Freelance & Online Certified Trainer, AUC Lecturer.


LinkedIn:https://www.linkedin.com/in/dr-magued-naguib-88510438

Demo

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www.leadersconsult.org

Tel: 01200192420

Email: info@leadersconsult.org

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