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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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
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