Learning Options

Total Rewards Management
Certification Course: GR1

Components, Definitions and Strategy

Learn what is required to formulate a rewards program that has the power to attract, motivate and retain—total rewards. This basic-level course is designed to be the first course in the Global Remuneration Professional (GRP®) certification course sequence. Participants are introduced to the total rewards model and each of its components. Emphasis is given to the five elements of total rewards: compensation, benefits, work-life, performance and recognition, and development and career opportunities.

• Gain an understanding total rewards management
• Delve into the five elements of total rewards
• Understand the critical role of the main drivers—organizational culture, business strategy and human resources strategy
• Learn the process of designing a successful total rewards strategy

Who Should Attend

This course is designed for professionals new to human resources, as well as HR generalists or line managers who want a basic overview of the components that can create an effective balance in employee rewards tools.

What You Will Learn

Introduction to Total Rewards

• The evolution of rewards
• The total rewards model
• The total rewards approach
• The total rewards strategy

Compensation

• Elements of compensation
• Building a job worth hierarchy
• Components of a base pay structure
• Types of base pay
• Types of pay adjustments
• Variable pay

Benefits

• Elements of benefits
• Factors influencing benefits
• Income protection programs
• Pay for time not worked programs

Work-Life

• The work-life professional
• The work-life portfolio

Performance and Recognition

• Performance management
• Performance management process phases
• Recognition programs

Development and Career Opportunities

• Conduct annual development and career opportunities discussion
• Learning opportunities
• Types of development and career opportunities

Total Rewards—Putting It All Together

• Revisiting the total rewards model
• Drivers of the total rewards strategy
• The total rewards strategy
• The total rewards design process
• Total rewards design considerations

	Credits GRP: Required Recertification: 2 course, .5 Exam CEUs: 1.5 Course, .3 Exam PHR/SPHR/GPHR recertification hours: 16 (classroom); 14 (live CourseCasts) CCP and CBP Equivalency: T1
	Faculty
	Course book amendments

Consider Bringing This Course to Your Location This professional development program and others offered by WorldatWork can be customized to meet the unique needs of your organization and delivered at your location. For more information, contact a Corporate Education Resource Manager at 877/710-5970 or 480/905-5980.