Base and Variable Pay
Meet the needs of performance related pay across your organisation by increasing your practical knowledge of pay structure and design.
2 days
Online class
Overview
It’s the role of reward specialists and HR professionals to ensure that their organisation’s pay and benefit solutions align with their organisational objectives and are competitive in the wider employment market. To do this they must typically combine a range of pay and benefits into a flexible total reward framework to meet the diverse needs of employees.
People professionals need to be able to understand and confidently articulate the reasoning and implications behind pay setting and performance related pay.
Informed by the latest CIPD research and facilitated by a leading reward specialist, this course will provide you with the comprehensive and practical skills you need. You’ll be able to lead in discussions on differing pay structures, identify the strengths and weaknesses of the various pay models, and ensure pay fairness.
It’ll equip you with the tools you need to implement pay strategies that align to your organisation’s vision and strategy, and to effectively carry out good practice and manage issues which may emerge.
All CIPD Learning courses will automatically provide you with access to the CIPD Learning Hub, our online learning platform, for 24 months. The hub will house your course content, as well as useful resources, tools, and a community of professionals that you can tap into to support your learning and continual development.
Objectives:
The objectives of this course are:
- critically evaluate job evaluation schemes
- describe pay structures and how to choose and set them
- explain equal pay, pay progression and the options available
- define and assess performance related pay
- explain the key features of bonus payments and how to benchmark
- understand the features and considerations in sales incentives and commission.
Is This Course Right For Me?
This course is designed for professionals who work in, or have experience working in, employee reward, compensation and benefits. It’s also relevant for those looking to enhance their overall understanding of pay structure and design.