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Understanding Pay and Benefits

How to motivate your staff and achieve you business objectives.

Overview

Now as much as ever, businesses need a skilled, motivated team for success. Determining the right level of pay, bonuses and other benefits is vital.

In this workshop we will show you how to align a reward strategy with your business objectives. How does your current reward strategy work? How is it perceived by your employees? What effect does it have on your business?

This workshop reviews the available options and considers how pay and benefits can change the dynamic in your organisation.

Course Content

Topics

  • How can you evaluate jobs and determine the right pay levels?
  • How can you link rewards to business strategy?
  • What is an effective rewards policy?
  • What are the advantages and disadvantages of performance related pay?
  • What are the different types of bonuses and incentives?
  • What is the legislation concerning pay?
  • Company cars, private medical insurance, pensions – what you should you.
  • How should you inform and consult employees?
  • How can you manage sickness and absence effectively?