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“A company outperforms rivals only if it establishes a difference it can preserve”. Compensation strategies, though complex to devise and challenging to maintain, remain the key factor in organizations’ building and retaining its competitive edge. Designing Reward Systems aims to build an understanding of how compensation and reward systems can be designed, evolved and aligned to reinforce contemporary organizational strategies. This 3-days in-depth program introduces how to utilize compensation systems to align the activities of workforce with the strategic direction of the business. Through a blended and hands-on approach, we examine the criteria used to compensate employees, compensation system design procedures, and the challenges that managers face in the 21st century. Most importantly the program is designed to stimulate brainstorming on managing motivation to drive performance. |
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During the program, the participants;
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This program is designed for executives and managers who want to become proficient in managing compensation and rewards and are looking for tools and concepts to achieve this goal. The program would be especially beneficial for HR managers and HR business partners who want to acquire knowledge in the field of compensation and rewards management. This program is also suitable for functional managers who want to acquire an in-depth knowledge of rewards and incentives to motivate their workforce. The managers who are familiar with the technical aspects of compensation and benefits, and who wish to acquire a bird’s-eye view on strategic rewards may also seek benefits from this program. |
PhD, LUMS University
* Program fee includes tuition cost, reading material, tea and lunch served during the program. We offer single bed accommodation at the Rausing Executive Centre. Each bedroom with attached bathroom is equipped with mini-fridge, writing desk and direct dial STD/ISD telephone and cable TV. All bedrooms at REC are internet-ready. Please note we do not provide accommodation for drivers accompanying participants. Our preferred mode of payment is by cheque/banker’s draft payable to Lahore University of Management Sciences. However, the program fee can also be paid via bank transfer. Please send the cheque to: * LUMS is a non-profit organization under the Income Tax Ordinance 2001. Accordingly, the income of LUMS is not tax deductible/collectable. |
