Rewards Management Practice Exam

Rewards Management Practice Exam

Overview

Any company that is able to keep talented and motivated employees will be able to succeed even in difficult economic times by maintaining a sustainable competitive advantage. However, the issue is how to keep employees and ensure that an organization moves forward with its human resources. The secret that provides a foundation for an organization to turn and transform its human capital as its competitive advantage is performance and reward management. An organization can use performance management and reward management to keep its skilled workforce on board and inspired to work to the best of their abilities.

Why to take up this course?

• You will gain knowledge of a performance management system's goals and objectives.
• You will also be aware of the difficulties in putting in place a performance management system as well as the causes of a bad implementation.
• You'll be able to describe the results of performance reviews and the appropriate techniques used to manage underachievers.

Who should take this certification?

For this course, there are no strict entry requirements. Work experience will be a benefit in understanding the course material. The following demographics are recommended for this certificate.

• CEO, Director, Manager, Supervisor
• HR Manager,
• Recruitment specialist
• Global Talent Manager
• Key Human Resources Roles

Course Contents

• Fundamentals of Compensation and Benefits
• Job Evaluation and Market Pricing
• Base Salary Structures and Pay Equity
• Variable Pay Programs (bonuses, commissions, etc.)
• Employee Benefits (health insurance, retirement plans, etc.)
• Performance Management and Rewards
• Total Rewards Strategy and Communication
• Legal and Regulatory Considerations in Rewards Management