+ All Categories
Home > Documents > PERFORMANCE & REWARDS - imercer€¦ · capabilities: both core and technical. These e-learning...

PERFORMANCE & REWARDS - imercer€¦ · capabilities: both core and technical. These e-learning...

Date post: 02-Aug-2020
Category:
Upload: others
View: 4 times
Download: 0 times
Share this document with a friend
10
PERFORMANCE & REWARDS MERCER LEARNING EMPOWERING TOMORROW’S HR LEADERS TODAY
Transcript
Page 1: PERFORMANCE & REWARDS - imercer€¦ · capabilities: both core and technical. These e-learning modules are grouped into 5 HR disciplines. Each programme offers a foundation level

P E R F O R M A N C E & R E W A R D S

M E R C E R L E A R N I N GE M P O W E R I N G T O M O R R O W ’ S H R L E A D E R S T O D A Y

Page 2: PERFORMANCE & REWARDS - imercer€¦ · capabilities: both core and technical. These e-learning modules are grouped into 5 HR disciplines. Each programme offers a foundation level

ANALYTICS & CHANGE

How to lead in change management

Driving business results with

workforce insights

Leveraging technology

PERFORMANCE & REWARDS+

Performance and rewards

Optimizing benefits

Sales incentive design

Executive remuneration

Global mobility

Producing quality position descriptions

TALENT MANAGEMENT

Talent management

Career management

Organizational design

Training design and evaluation

BUSINESS PARTNERING

Effective business partnering*

Driving employee engagement and productivity

Designing effective HR policies

+Accredited by WorldatWork, excluding the Sales Incentive Design module*Accredited by WorldatWork

TALENT ACQUISITION

Recruitment and employee value proposition

Engaging hiring and onboarding strategies

Utilizing assessment tools effectively

M E R C E R L E A R N I N G O N L I N EMercer Learning Online was established with one goal in mind, enhancing the capability of our client’s human resource employees by providing access to HR architecture that will allow organizations to form and implement a successful framework.

Companies are constantly challenged to meet aggressive business goals. As a result, HR’s role in driving success is more important than ever and yet most organizations do not have a systematic approach in developing the capabilities of the HR team.

Mercer Learning Online is a comprehensive learning solution that is designed to build HR capabilities: both core and technical. These e-learning modules are grouped into 5 HR disciplines. Each programme offers a foundation level of training across 19 e-learning modules. This is a standard product without customization designed to help new and seasoned HR practitioners wanting to broaden or advance their skill set.

Page 3: PERFORMANCE & REWARDS - imercer€¦ · capabilities: both core and technical. These e-learning modules are grouped into 5 HR disciplines. Each programme offers a foundation level

P E R F O R M A N C E & R E W A R D S F U N D A M E N T A L SHR professionals need to complete our Performance & Rewards Fundamentals course to build performance structures and rewards to motivate employee productivity.

Performance & Rewards Fundamentals helps you set up performance goals, build performance structures, and provide rewards and compensation to support those goals. A clear performance goal and an appropriate reward system can help your company leverage and increase its HR capacity and remain competitive. This course gives you a better understanding of the relevance of performance and rewards to employee productivity. You can review your company’s current system and implement innovative solutions to performance and rewards problems based on the fundamentals you take from this course, including performance management cycles, the 3-P model, and compensation frameworks.

T O P I C S C O V E R E D

R E L E V A N C E O F P E R F O R M A N C E A N D R E W A R D S T O E M P L O Y E E P R O D U C T I V I T Y

• Importance of performance and rewards

• Definition of performance management

• Components of the performance management cycle

• Effective ways to complete the performance management cycle

F U N D A M E N T A L S A N D S T R U C T U R E S O F C O M P E N S A T I O N

• Aspects of compensation strategy

• Basic terms around compensation

• Best ways to establish pay levels

• Compensation focus areas

3 - P M O D E L F O R P E R F O R M A N C E R E W A R D S

• Components of 3-P model

C O M P E N S A T I O N F R A M E W O R K A N D C A S E S T U D I E S

• Definition of compensation framework

• Case studies: problems and solutions

• Review of your company

B E N E F I T S T O P A R T I C I P A N T S

• Build performance structures and rewards to support performance goals.

• Use the performance management cycle to improve employee productivity.

• Establish pay levels based on compensation strategy.

• Review your company using a compensation framework.

• Implement innovative solutions to improve performance management and rewards.

Page 4: PERFORMANCE & REWARDS - imercer€¦ · capabilities: both core and technical. These e-learning modules are grouped into 5 HR disciplines. Each programme offers a foundation level

O P T I M I Z I N G B E N E F I T SThe cost of employee benefit plans is ever increasing, so HR professionals need to optimize benefits to maximize the company’s return on investment!

HR professionals are responsible for motivating employees to improve their performance in order for the company to progress. The benefit plan is a crucial part of incentivizing employees to perform, but most HR professionals struggle with designing a plan that suits the majority of employees. This course begins with clarifying the content of employee benefit plans and then explains the types and phases of benefit program design. Participants get a chance to apply that knowledge to analyze an implementation case study and then use their new skills to design an employee benefit program for their company.

T O P I C S C O V E R E D

E M P L O Y E E B E N E F I T S

• Employment policy benefits

• Supplementary benefits

• Work-life balance benefits

F L E X I B L E B E N E F I T S

• Diverse needs

• Definition and types

• Motivation and challenges

B E N E F I T P R O G R A M D E S I G N A N D I M P L E M E N T A T I O N

• Three types

• Four phases

F E A S I B I L I T Y C A S E S T U D Y

B E N E F I T C O M M U N I C A T I O N A N D M A I N T E N A N C E

B E N E F I T S T O P A R T I C I P A N T S

• Identify which benefit items can best fulfill your employees’ needs.

• Design and implement a flexible benefit program for your company.

• Make the right decisions based on the diverse needs of your workforce.

• Use the communication methods at your disposal to engage employees.

Page 5: PERFORMANCE & REWARDS - imercer€¦ · capabilities: both core and technical. These e-learning modules are grouped into 5 HR disciplines. Each programme offers a foundation level

S A L E S I N C E N T I V E P L A N D E S I G NAs an HR professional, have you ever been challenged on your sales incentive program (“Is it fair?”, “Why is it this way?”)? Attend this course to ensure your sales incentive plan is designed appropriately, and be able to effectively answer all these questions, and more!

Incentive plans are used to encourage employees to perform at high levels of productivity. However, every sales incentive plan must be designed to fit the unique needs of the business — it must be aligned with the strategy and circumstances of each organization and role. This course covers, in detail, how to design a sales incentive plan, and in particular how to deal with 10 critical design decisions.

The aim of this course is not to give you the correct answer, but to enable you to make appropriate judgment calls that are suitable to your organization. At the end of this course, you will be well-equipped to start designing or redesigning your own sales incentive plan, and this in turn will help you to better communicate the details of the plan — both the what and the why!

T O P I C S C O V E R E D

D E F I N I N G A S A L E S I N C E N T I V E P L A N

O B J E C T I V E S O F A S A L E S I N C E N T I V E P L A N

P R O C E S S O F D E S I G N I N G A S A L E S I N C E N T I V E P L A N

T H E 1 0 D E C I S I O N S C R I T I C A L T O D E S I G N I N G A S A L E S I N C E N T I V E P L A N

B E N E F I T S T O P A R T I C I P A N T S

• Design or redesign your sales incentive plan.

• Better communicate the details of the plan to employees —both the what and the why.

• Make appropriate judgment calls when designing your company’s sales incentive plan.

Page 6: PERFORMANCE & REWARDS - imercer€¦ · capabilities: both core and technical. These e-learning modules are grouped into 5 HR disciplines. Each programme offers a foundation level

E X E C U T I V E R E M U N E R A T I O N F U N D A M E N T A L SLeverage executive remuneration to create a competitive advantage and attract and retain the best and brightest executive talent!

Globalization and industry consolidation have led to a shortage of executives with the knowledge and expertise to run leading multinational firms. Proven, successful, and aligned executive remuneration plans can therefore be an important competitive advantage. The competition for - the best employees will continue to challenge HR professionals, but this course sheds light on the fundamentals of executive remuneration and discusses the current issues. After completing this course, you will be equipped with the knowledge to design or modify your company’s executive remuneration plan.

T O P I C S C O V E R E D

C O N T E M P O R A R Y E X E C U T I V E R E M U N E R A T I O N I S S U E S

T H E U N I Q U E C O N S I D E R A T I O N S O F E X E C U T I V E R E M U N E R A T I O N

“ P A Y F O R P E R F O R M A N C E ” A S A C O N C E P T A N D P H I L O S O P H Y

T H E F U N D A M E N T A L S O F E X E C U T I V E R E M U N E R A T I O N

G E N E R A L R E G U L A T I O N A N D G O V E R N A N C E O F E X E C U T I V E R E M U N E R A T I O N

B E N E F I T S T O P A R T I C I P A N T S

• Design or modify executive remuneration in your company.

• Contribute to your company’s overall dialogue concerning compensation philosophy and strategy.

• Use executive remuneration strategically, and make it one of your competitive advantages.

Page 7: PERFORMANCE & REWARDS - imercer€¦ · capabilities: both core and technical. These e-learning modules are grouped into 5 HR disciplines. Each programme offers a foundation level

G L O B A L M O B I L I T Y F U N D A M E N T A L SHR professionals are advised to complete Mercer’s Global Mobility Fundamentals as the learning starting point in how to deploy employees on international assignments and to understand the complexities, costs, risks and opportunities associated with managing and international workforce.

This 30-minuted online module will help you understand the essential, basic principles of expatriate compensation and benefits, exploring various remuneration approaches that are suitable to specific situations. The course also looks at the typical assignment life cycle, identifying the key activities and potential challenges that need to be anticipated and addressed for a successful assignment. The course also includes an explanation of the “Balance Sheet” remuneration approach, which is a widely used expatriate remuneration approach for expatriates worldwide. It also explains the typical components of an expatriate remuneration package, as well as introduces the ‘Cost of Living’ and ‘Hardship’ allowances. The module will help prepare HR professionals to work more effectively in today’s globalized business and talent environment, where organizations need to move employees across borders in order to have the right skills in the right place.

T O P I C S C O V E R E D

F U N D A M E N T A L S O F G L O B A L M O B I L I T Y A N D E X P A T R I A T E C O M P E N S A T I O N P R I N C I P L E S

• Trends in Global Mobility

• Definition of Global Mobility and key terms

• Types of International Assignments

• Overview of expatriate benefits and allowances

M A N A G I N G E X P A T R I A T E S

• Common challenges in managing expatriates

• Designing an effective compensation package

B A S I C O V E R V I E W O F T H E “ B A L A N C E S H E E T ” R E M U N E R A T I O N A P P R O A C H

• Overview and case-study of the “Balance Sheet” remuneration approach

• Managing the cost of assignment

• Supporting the expatriate during assignment

• Failure of international assignment

T H E A S S I G N M E N T L I F E C Y C L E

• The 7 stages of a typical international assignment

• Repatriation, Redeployment, and Localization

B E N E F I T S T O P A R T I C I P A N T S

• Understand prevalent trends in Global Mobility to align your organization to market practices.

• Use the assignment life cycle to plan the key steps of the assignment and prepare for common challenges.

• Identify the most suitable assignment type according to the specific business needs.

• Build effective expatriate compensation packages by including relevant allowances and benefits.

• Maximize the Return On Investment of the international assignment by managing the risks and the cost of the assignment.

• Downloadable tools and models for everyday use.

Page 8: PERFORMANCE & REWARDS - imercer€¦ · capabilities: both core and technical. These e-learning modules are grouped into 5 HR disciplines. Each programme offers a foundation level

P R O D U C I N G Q U A L I T Y P O S I T I O N D E S C R I P T I O N SWhen asked what you do for a living, can you clearly describe your role? A clear position description enables HR professionals to answer this question!

A clear position description not only ensures individuals know what is expected of them and where to focus their energy, but it also ensures consistency across multiple areas of the company. Furthermore, it has a direct impact on HR outcomes, such as productivity, employee engagement, and M&A integration.

This course covers the importance of position descriptions and explains the CAD job analysis model, an effective tool for HR professionals to make clear position descriptions within their companies.

T O P I C S C O V E R E D

U N D E R S T A N D I N G P O S I T I O N D E S C R I P T I O N S A N D T H E I R I M P O R T A N C E

P E R F O R M I N G J O B A N A LY S I S

• Importance

• CAD (Collect, Analyze, Document) job analysis model

C O L L E C T I N G T H E C O M P O N E N T S O F J O B A N A LY S I S

S E A R C H A N D G A T H E R

A N A LY Z I N G T H E C O M P O N E N T S O F J O B A N A LY S I S

• 7 tips

D O C U M E N T I N G T H E C O M P O N E N T S O F J O B A N A LY S I S

• 10 essential elements and optional add-ons

B E N E F I T S T O P A R T I C I P A N T S

• Use position descriptions to motivate employee productivity and engagement.

• Ensure consistency across multiple areas of the company.

• Use job analysis to improve workload distribution.

• Apply the CAD job analysis model to position descriptions in your company.

Page 9: PERFORMANCE & REWARDS - imercer€¦ · capabilities: both core and technical. These e-learning modules are grouped into 5 HR disciplines. Each programme offers a foundation level

4

Page 10: PERFORMANCE & REWARDS - imercer€¦ · capabilities: both core and technical. These e-learning modules are grouped into 5 HR disciplines. Each programme offers a foundation level

Copyright 2019 Mercer LLC. All rights reserved.

F O R F U R T H E R D E T A I L S O N P U B L I C A N D I N - H O U S E T R A I N I N G , P L E A S E C O N T A C T:

For further information on Mercer Learning in your region, visit our website at bit.ly/mercerlearning

C O N T A C T U S F O R F U R T H E R D E T A I L S O N :

> Mercer Learning Online

> Public Training Courses across the region

> In-house, customized training and development

E U R O P ET O M A S Z M A Z U R T: +48 695 010 126 E: [email protected]

P A C I F I CA N D Y A N E S T O UT: +61 3 9623 4179 E: [email protected]

A S I A , M I D D L E E A S T , A F R I C AW I L M A M A D J U ST: +65 6398 2605 E: [email protected]

L A T I N A M E R I C AJ U A N B A S T I D A ST: + 57 321 490 3460 E: [email protected]

Select Mercer e-learning programmes qualify for recertification credit for the Certified Compensation Professional® (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), Work-Life Certified Professional® (WLCP®), Certified Sales Compensation Professional (CSCP)®, Certified Executive Compensation Professional (CECP)®, Advanced Certified Compensation Professional (ACCP)™ and Master Certified Compensation Professional (MCCP)™ designations granted by WorldatWork Society of Certified Professionals. For more information on recertification, visit the WorldatWork recertification webpage.


Recommended