Total Employee Rewards Strategy Development by Derek Hendrikz covers foundational, performance-based, career, environmental, bonus plans and benefits.
www.derekhendrikz.com
Total compensation statements are a great tool to drive employee engagement and retention - the problem is that traditional printed annual statements are not only outdated from the time they are printed but are expensive and time consuming to produce for HR teams with limited resources.
In these slides, former Director of HRIS & HR Operations for Silicon Valley Bank Christopher Ford will share how leading HR departments are transforming an outdated compensation statement process into a value-driven total rewards system that generates measurable improvement in engagement at a lower cost.
Reward Management. A rare topic in the Internet. which is more important in HRM. this includes the principles of rewarding, purpose of rewarding, types of rewarding and rewarding definition of the father of reward management. as well as the motivation theories based on reward management, such as:
1. Adam's Equity theory
2. Locke's Goal-setting Theory
3. Vroom's Expectancy Theory
Total rewards is a concept that describes all the tools available to an employer that may be used to attract, motivate, retains and engages the employee.
Total rewards may also refer to the function or department within HR that handles compensation and benefits, or the combined intrinsic and extrinsic rewards (or value) that an employee perceives.
Total compensation statements are a great tool to drive employee engagement and retention - the problem is that traditional printed annual statements are not only outdated from the time they are printed but are expensive and time consuming to produce for HR teams with limited resources.
In these slides, former Director of HRIS & HR Operations for Silicon Valley Bank Christopher Ford will share how leading HR departments are transforming an outdated compensation statement process into a value-driven total rewards system that generates measurable improvement in engagement at a lower cost.
Reward Management. A rare topic in the Internet. which is more important in HRM. this includes the principles of rewarding, purpose of rewarding, types of rewarding and rewarding definition of the father of reward management. as well as the motivation theories based on reward management, such as:
1. Adam's Equity theory
2. Locke's Goal-setting Theory
3. Vroom's Expectancy Theory
Total rewards is a concept that describes all the tools available to an employer that may be used to attract, motivate, retains and engages the employee.
Total rewards may also refer to the function or department within HR that handles compensation and benefits, or the combined intrinsic and extrinsic rewards (or value) that an employee perceives.
Concept of Reward and Total Reward System, Five Elements of Total Rewards (Compensation, Benefits, Work-Life, Performance & Recognition, Developmental & Career Opportunities)
Reward management introduces policies and strategies that reward every employee within the business fairly and consistently across the board. Rewarding employees for outstanding work makes them feel valued and can prove to be a powerful motivational tool that boosts productivity. The most successful reward management programs provide employees with opportunities to elevate themselves and allow businesses to recognize good workers.
Rewards can come in many forms, with the most effective supporting your business’s overall strategy, purpose, culture and performance, and employee requirements. If you are thinking about implementing a reward management scheme, you should give serious consideration to how you are going to manage it. What rewards will your employees appreciate – will these rewards benefit your employees financially, add to their lifestyle or improve their lives? Will the rewards benefit your company’s culture and boost its performance? Are you recognizing and responding to changes in reward expectations of employees?
A compelling reward management program promotes a healthy work-life balance that allows your employees to feel at and perform at their best. It can also contribute to thriving business culture and foster a compassionate environment and caring community. Whilst pay and benefits are significant, research has identified that non-financial rewards can be just as incentivizing for employees.
Strategic total rewards management remuneration and rewards summit 11 june 2014Charles Cotter, PhD
Strategic Total Rewards Management (STORM) process, principles and best practice guidelines, Strategic Talent Attraction, Motivation and Employee Engagement and Benchmarking and Evaluating STORM
By providing regular feedback to your employees, you drive accountability and productivity within your business. This also is one of the largest predictors of employee engagement. A company without regular feedback loses the ability to make direct connections between employees and management. In addition, employees who achieve their goals and who are appropriately rewarded will continue to drive high performance. This session outlines the essentials of performance management and structuring rewards to best engage and motivate employees.
Employee recognition is important. It helps to improve overall employee engagement hence increasing the employee productivity. WorkforceGrowth is a cloud based talent management system which also helps to recognize employees socially in an easy and cost effective way.
Compensation And Benefits In Hrm PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Compensation And Benefits In Hrm Powerpoint Presentation Slides. This complete deck is oriented to make sure you do not lag in your presentations. Our creatively crafted slides come with apt research and planning. This exclusive deck with thirty five slides is here to help you to strategize, plan, analyse, or segment the topic with clear understanding and apprehension. Utilize ready to use presentation slides on Compensation And Benefits In Hrm Powerpoint Presentation Slide with all sorts of editable templates, charts and graphs, overviews, analysis templates. It is usable for marking important decisions and covering critical issues. Display and present all possible kinds of underlying nuances, progress factors for an all inclusive presentation for the teams. This presentation deck can be used by all professionals, managers, individuals, internal external teams involved in any company organization.
The next five years are poised to bring more changes to the design and implementation of Total Rewards systems than we’ve seen in the last 20 years. Conventional approaches of organizations developing their own talent have been replaced with a “free agency” model of buying experience from competitors, which in turn ratchets up labor costs. This also creates more pressure to retain and engage existing employees and attract new employees through an improved employee value proposition.
Concept of Reward and Total Reward System, Five Elements of Total Rewards (Compensation, Benefits, Work-Life, Performance & Recognition, Developmental & Career Opportunities)
Reward management introduces policies and strategies that reward every employee within the business fairly and consistently across the board. Rewarding employees for outstanding work makes them feel valued and can prove to be a powerful motivational tool that boosts productivity. The most successful reward management programs provide employees with opportunities to elevate themselves and allow businesses to recognize good workers.
Rewards can come in many forms, with the most effective supporting your business’s overall strategy, purpose, culture and performance, and employee requirements. If you are thinking about implementing a reward management scheme, you should give serious consideration to how you are going to manage it. What rewards will your employees appreciate – will these rewards benefit your employees financially, add to their lifestyle or improve their lives? Will the rewards benefit your company’s culture and boost its performance? Are you recognizing and responding to changes in reward expectations of employees?
A compelling reward management program promotes a healthy work-life balance that allows your employees to feel at and perform at their best. It can also contribute to thriving business culture and foster a compassionate environment and caring community. Whilst pay and benefits are significant, research has identified that non-financial rewards can be just as incentivizing for employees.
Strategic total rewards management remuneration and rewards summit 11 june 2014Charles Cotter, PhD
Strategic Total Rewards Management (STORM) process, principles and best practice guidelines, Strategic Talent Attraction, Motivation and Employee Engagement and Benchmarking and Evaluating STORM
By providing regular feedback to your employees, you drive accountability and productivity within your business. This also is one of the largest predictors of employee engagement. A company without regular feedback loses the ability to make direct connections between employees and management. In addition, employees who achieve their goals and who are appropriately rewarded will continue to drive high performance. This session outlines the essentials of performance management and structuring rewards to best engage and motivate employees.
Employee recognition is important. It helps to improve overall employee engagement hence increasing the employee productivity. WorkforceGrowth is a cloud based talent management system which also helps to recognize employees socially in an easy and cost effective way.
Compensation And Benefits In Hrm PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Compensation And Benefits In Hrm Powerpoint Presentation Slides. This complete deck is oriented to make sure you do not lag in your presentations. Our creatively crafted slides come with apt research and planning. This exclusive deck with thirty five slides is here to help you to strategize, plan, analyse, or segment the topic with clear understanding and apprehension. Utilize ready to use presentation slides on Compensation And Benefits In Hrm Powerpoint Presentation Slide with all sorts of editable templates, charts and graphs, overviews, analysis templates. It is usable for marking important decisions and covering critical issues. Display and present all possible kinds of underlying nuances, progress factors for an all inclusive presentation for the teams. This presentation deck can be used by all professionals, managers, individuals, internal external teams involved in any company organization.
The next five years are poised to bring more changes to the design and implementation of Total Rewards systems than we’ve seen in the last 20 years. Conventional approaches of organizations developing their own talent have been replaced with a “free agency” model of buying experience from competitors, which in turn ratchets up labor costs. This also creates more pressure to retain and engage existing employees and attract new employees through an improved employee value proposition.
Have you struggled to find a pay strategy that actually drives higher performance?
Well, it doesn’t have to be a mystery. Learn what high performance companies do to develop high performance rewards strategies. Turn Your Compensation Cost into an Investment in Business Growth!
View the recorded presentation on VisionLink's website: https://www.vladvisors.com/compensation-knowledge-center/webinars/5-keys-to-building-a-high-performance-pay-strategy-in-2018
How to Determine if Your Pay Strategy Needs Professional Help. Compensation planning is not your core competency. Leading a business is. So is it time to stop putting your pay investment at risk and getting experts involved? In this presentation, we’ll show you seven ways you can tell.
View a recording of the presentation: https://www.vladvisors.com/compensation-knowledge-center/webinars/7-signs-you-need-a-compensation-consultant
Human Capital Entremaneur Strategy Soluitons DeckCNCInc
Aligning the deployment of Human Capital and the HR Scorecard with the Business Strategies as a whole. Global Human Capital deployment works only when you align all the pieces - Finances + Operations + PEOPLE = YOUR Successful business
How do you know whether your company’s pay strategy is successful? It’s a simple question but most company leaders struggle to find an adequate answer.
The reason the question is so difficult is because compensation is seldom considered a strategic issue. It’s considered a cost issue. Therefore, it is designed without the success measures most strategic initiatives carry.
So how do you determine a measure that best defines success when it comes to compensation? If you are struggling to determine whether your pay strategy is successful, you won’t want to miss this valuable presentation.
View the webinar recording online at: http://www.vladvisors.com/compensation-knowledge-center/webinars/what-is-a-successful-pay-strategy
Which Long-Term Incentive Plan is Right for Your Company? If you plan to grow your company, you will need a pay plan that rewards long-term performance. You just will! Employees want to know they can participate in the business value they help create.
The hard part is determining which value-sharing approach is most suitable. Should you share stock? If so, should you give away present value or just future value? If you do not want to share equity, do you still want to tie the incentive to business growth in some way? There are lots of questions to be answered before you can determine which LTIP strategy is best.
In short, we can help you decide how to pick the best LTIP for your company.
How do you determine who the top performers are in your organization—and what kind of value proposition are you offering to make sure they will stay?
These seem like simple questions but most business leaders struggle to answer them. And knowing the answers is critical given the scarcity of skilled talent in the marketplace today.
In short, being able to identify those people who are really creating value in your business—and developing a pay strategy that keeps them producing—has never been more important. It doesn’t go too far to say that the future of your business depends on it.
Addressing these issues is the focus of this presentation.
Laying the Foundation for Your Compensation StrategyPayScale, Inc.
Top companies have clear compensation strategies. They connect their reward system directly to their business outcomes.
Do you have a compensation strategy that is in line with your business objectives and does your leadership support it?
Too many business leaders discover too late that their compensation offering is inadequate. They lose a key player or fail to secure a top recruit because their value proposition just isn’t compelling.
A pay strategy cannot be an afterthought. It has to be approached strategically and comprehensively or you will fail to attract, develop and retain premier talent. But how do you do that? What does a compelling pay program look like and where do you begin if you want to develop one?
Now you no longer need to wonder. VisionLink’s will give you comprehensive insight into how to build a rewards strategy that is both complete and compelling. It shares the secrets of experts who have spent the last 20 years designing successful rewards strategies for hundreds of businesses.
View a recording of the presentation: https://www.vladvisors.com/compensation-knowledge-center/webinars/how-to-build-a-more-compelling-pay-strategy
If your company needs to submit a HR Proposal PowerPoint Presentation Slides look no further. Our researchers have analyzed thousands of proposals on this topic for effectiveness and conversion. Just download our template, add your company data and submit to your client for a positive response. https://bit.ly/3gh0xss
Human resource administration is what runs the organization smoothly. Recruiting potential candidates, maintaining decorum within the workplace, handling employee grievances, and the HR department handles many other things. The HR department generally works within the organization. Due to the rise in market standards and the modernized era, most of the companies have started taking the help of third-party agencies or vendors who provide exemplary HR services. The service providers reach out to the clients and showcase their advanced HR functions. The deal is risky if there is no proper written consent or agreement signed by both parties. Be careful in your upcoming deals by using our attention-grabbing HR Proposal PowerPoint Presentation Slides. Move a step ahead and make your human resource outsourcing business strong with the help of this engaging HR proposal PPT slide. Incorporate our visually-attractive human resource proposal PowerPoint template to showcase your company profiles to the clients. The proposal is topic-specific and covers all the information that you need to share with the client. You can tweak the content as per your requirements as this HR proposal PPT slide is fully editable. Take advantage of this creatively designed human resource services PowerPoint template to highlight the solutions to the client’s problems. With this, you can create an impressive proposal in less than a minute, which grabs clients’ attention in every aspect. Employ this content ready human resource proposal PPT theme to showcase the HR consultant skills descriptively and increase a chance to win a deal effortlessly. With the aid of this HR proposal PowerPoint slide, you can talk about your client testimonials. Download our easily accessible HR proposal PowerPoint presentation template to make your proposal more interesting and stylish than the rest of the competitors. https://bit.ly/3CTrM9h
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3. Total Rewards are all of the tools available to the
employer that may be used to attract, motivate and
retain employees.
Total rewards include everything the employee
perceives to be of value resulting from the employment
relationship.
The concept of total rewards has advanced
considerably. The power of total rewards is in leveraging
the concept as a whole and the individual elements to
attract, motivate and retain talent.
www.derekhendrikz.com
6. • Drive organizational success through greater
talent attraction, engagement and retention
• Guide investment decisions for the employer
while enabling informed choices for the
employee
• Clarify the employer-employee relationship
• Build a distinctive employment brand
• Increase the return on rewards and create
value for the enterprise
www.derekhendrikz.com
13. 1. Understand organisational outcomes and the
processes and projects which it must deliver;
2. Develop a master scorecard;
3. Link the master scorecard to human performance;
4. Conduct Job Grading Analysis;
5. Define the Employee Value exchange (EVE); and
6. Develop the Total Rewards Strategy (TRS).
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15. …an effective total rewards strategy
enables organisations to deliver the
right amount of rewards, to the
right people, at the right time, for
the right reason...
www.derekhendrikz.com
16. • Employees believe that good performance will lead to
more pay
• Employees want more pay
• Employees do not believe that good performance will
lead to negative consequences
• Employees see that other desired rewards besides
pay result from good performance
• Employees believe that their efforts do lead to
improved performance
www.derekhendrikz.com
17. 1. Fund the Pool
2. Split the Pool
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18. Total Rewards Strategy Elements Skill Job Risk Performance
H M L H M L H M L
Compensation • Xxx
• xxx
Benefits • Xxx
• xxx
Work Life • Xxx
• xxx
Professional Development • Xxx
• xxx
Career Development • Xxx
• xxx
Work Environment • Xxx
• xxx
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19. Total Rewards Strategy Elements Weight Value
Compensation • Xxx
• xxx
Benefits • Xxx
• xxx
Work Life • Xxx
• xxx
Professional Development • Xxx
• xxx
Career Development • Xxx
• xxx
Work Environment • Xxx
• xxx
Employee Name:
Job Description:
Skills Risk: Job Risk: Performance Risk:
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