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Who should attend
This Oxford training course is suitable to a wide range of professionals but will greatly benefit:
- HR Professionals who have responsibility for influencing compensation policy and structures within their organisation
- HR Professionals who need to understand more about pay and grading structures and how they are designed and implemented
- Any Line Manager who makes compensation/bonus decisions after completing appraisals
- HR Professionals who advise senior managers on compensation issues
- Senior Management Professionals and HR Professionals who need to have a strategic understanding and view of employee compensation
About the course
Job Evaluation & Job Analysis are key components in understanding Reward Management. Participants will have a practical and contextual understanding of how jobs are analyzed and valued, which in turn can be applied to the design, development, and implementation of effective compensation systems. Participants will also explore how different compensation systems can be used in pay and grading structures and in particular the link with broader issues of effective talent management. Paying for performance and value are inextricably linked to efficient productivity. These fuels and sustains employee engagement and retention.
Participants will consider benchmarked approaches to job analysis and evaluation, that enable the design of jobs that are purposeful and rewarding. The links to pay and other forms of remuneration will also be examined, to explore how different compensation systems can be applied to the overall compensation structure to ensure internal equity while also sustaining high levels of productivity. This powerful Oxford seminar is designed to provide participants with an understanding of the critical role these activities play in ensuring effective motivation, engagement and job satisfaction, aligned to achieve corporate objectives.
By attending this Oxford training course, delegates will be able to:
- Understand and apply the role of job design in motivation and engagement
- Appreciate the importance between monetary and non-monetary rewards
- Apply benchmarked job analysis and evaluation techniques
- Understand compensation systems within the broader context of the culture and the operating environment
- Undertake and apply a variety of techniques to analyse and evaluate specific jobs
- Apply the results of job evaluation to design and develop an effective compensation system
Amongst a wide range of valuable topics, the following will be prioritised:
- The Linkage between Engagement, Job Satisfaction and Commitment
- Why does Pay Matter? – Compensation and the War for Talent
- The Business Need for Effective Job Analysis and Evaluation
- An Introduction to Job Analysis and Job Evaluation
- The Use of Behavioural Competencies
- Compare Various Techniques to Analyse Specific Jobs
- Selecting Benchmark Jobs to Develop Compensation Structures
- Points Rating and Factor Comparison
- Key Differences between Job Ranking and Job Classification
- Internal / External Benchmarking or Job Matching
- Defining the Links between Job Analysis, Evaluation and Design
- Design and Operational Guidelines
- Grade Structure Guidelines
- Systematic Implementation of a Defensible Framework
- Monetary vs. Non-Monetary Considerations
- Merit Pay and Incremental Pay
- Pay Progression
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.