Total Rewards Management Online Workshop

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

  • Establish a strategic pay plan to attract top notch talents
  • Analyze a given salary survey
  • Balance internal equity with external competitiveness
  • Avoid and manage salary compression
  • Design a proper effective performance-based incentive plan to motivate the current employees
  • Propose a competitive tailor-made benefits and services plan to retain high calibers 
  • Improve employee job satisfaction, engagement and retention


  • Online Interactive Live Sessions Using Zoom
  • Duration: 15 Hours 
  • Number of Sessions: 5 Sessions (3 Hours per Each)
  • Two Days per week Monday & Wednesday from 7 PM till 10 PM
  • Course Start Date: Monday 29 August 2022

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

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