Management Development Programme

Designing Strategic Compensation and Benefit Program for Competitive Advantage Managing Talent aspiration in todays turmoil
August 27-28, 2009 IMI Campus, New Delhi The Theme
In a fiercely competitive environment, organizations are able to perform better and enhance value through aligning reward strategy with organizational objectives. Research into enablers of high performance has established that performance is dependent on organizational efforts in enhancing employee commitment and competency levels, as well as fostering a culture of performance. This is best achieved through implementing a strategic reward mechanism.

The broad program highlights:

The compensation management systems of successful organizations should be designed to enable employees to contribute at optimum levels through a continual process that includes among others, highly motivating extrinsic and intrinsic rewards. This program is designed to familiarize participants with the foundations of compensation and benefit management systems from the strategic perspective as well as expose them to the latest trends in research and practice in design and implementation of reward management systems.

The specific program coverage

The constituents of Reward Strategies; How Organisations convert their Strategic Reward Objectives into practice by designing a Remuneration Framework; The role of differential Payment based on Performance pay in motivation at work; The concept of Competence-related Pay and Team Pay; How benefits can become an Integral part of total remuneration and Corporate Strategy; How Employee Stock Option Scheme can be useful; How International Compensation is managed.

The Pedagogy
Combination of lectures, role plays, experiential learning, case studies, hands-on exercises; Selective modules supplemented by area experts to enhance value delivery.

The Program outcome

A more enlightened and sensitized participant; Acquires skill sets to handle Compensation design and delivery

Develop effective competence based compensation and benefit program Enhanced confidence levels for effective performance and reward management system.

For Whom
Senior Level Managers from across the functions from private and public sector organizations.