SFSTRPD4: TOTAL REWARDS PHILOSOPHY DEVELOPMENT L4 POWERED BY SHRM (SF)
TOTAL REWARDS PHILOSOPHY DEVELOPMENT L4 POWERED BY SHRM (SF)
Course Duration
Mode of Assessment
Assessment will be made up of:
- Written Assessment (45 minutes)
- Case Study (75 minutes)
Who Should Attend
All levels of HR professionals especially those who are in position of influence and partnership with business leaders. Professionals who are planning a career switch to HR would find this module very useful in providing the necessary knowledge and skills to do the transition.
Course Overview
Total rewards encompass direct and indirect remuneration approaches that employers use to attract, recognise, and retain workers. HR demonstrates value by designing and administering systems and programs (e.g. base pay, benefits, incentive pay, leave, perquisites, retirement) that support recruitment and retention efforts. This module outlines a comprehensive, step-by-step approach to designing, implementing, administering, and maintaining a compensation system.
Courses Schedule
Next available schedule
Course Objectives
At the end of the module, participants will be able to:
- Discuss key issue that affect compensation structures and systems
- Design a compensation structure
- Administer and maintain a compensation system that aligns with an organisations mission and vision
- Effectively communicate details of compensation plans, both initially and when they are changed
- Describe incentive pay and types of pay plans for select employees.
Pre-requisites
Learners are assumed to able to speak, listen, read and write English at a proficiency level not lower than the Employability Skills Workforce Skills Qualification (ES WSQ) Workplace Literacy (WPL) Level 5.
Course Outline
1. Introduction to Compensation
- Total Rewards
- Direct versus Indirect
- Trends in Compensation Approach
2. Legal Concepts that Impact Compensation
- Employment Laws
- Laws versus Policies
- Standards (legal) versus Best Practices
3. Designing a New Compensation Structure
- Tying Compensation to Business Needs and Organisational Culture
- Compensation as a Part of Total Rewards
- Broad banding
4. Implementing, Administering, and Maintaining a Compensation System
- Issues with Pay Adjustments or Pay Administration Decisions
- Compliance
- Pay Increases
- Pay Variations
- Measuring Effectiveness Evaluating the Compensation System
Certificate Obtained and Conferred by
Statement of Attainment (SOA) from SkillsFuture Singapore (SSG)
Fees and Funding
Medium of Instruction & Trainer
- English
- Trainer : Trainee Ratio is 1:20
Additional Note
Interested parties can separately email to [email protected]
Assumed skills and knowledge for this unit
Learners are assumed to be able to:
- Manage relationships with various stakeholders through the demonstration of effective interpersonal, communication and negotiation skills
- Have a global mindset to work effectively with stakeholders from a range of cultural environments
- Work with models and methods for the management of organisation and development of human resource activities, services and programmes
- Work with privacy and confidentiality considerations that govern all human resource transactions
Price
| Individual Sponsored | Non-SME | SME | ||||
| w/o GST | w GST | w/o GST | w GST | w/o GST | w GST | |
| Original Course Fee | 850.00 | 909.50 | 850.00 | 909.50 | 850.00 | 909.50 |
| Singapore Citizens & PRs aged 21 years and above | 520.00 | 579.50 | 520.00 | 579.50 | 85.00 | 144.50 |
| Singapore Citizens aged 40 years and above | 85.00 | 144.50 | 85.00 | 144.50 | 85.00 | 144.50 |
Applicable for Singapore Citizen ABOVE 21 yrs & BELOW 40 yrs old / Singapore PRs
Skills Development Fund (SDF) and SkillsFuture Funding: Participants must attend at least 75% of the course, complete the exam with a pass or competent result.
Individuals may enjoy UTAP funding. For more information, please contact us at +65 6336 LHUB (5482) or email [email protected].
When you sign in to your SkillsConnect account, please use the course reference number CRS-Q-0041316-HRS to find this course.
Terms and conditions apply. NTUC LearningHub reserve the right to make changes or improvements to any of the products described in this document without prior notice.
Prices are subject to other LHUB miscellaneous fees.
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