Develop and implement a reward strategy
Deep dive into reward strategy, development, and application - explore a range of approaches and learn how to embed a new reward strategy into your organisation.
Perfect for:
You’ll learn how to:
- describe the components of a total reward strategy, the factors that impact it and how to mitigate associated risks
- describe the different types of pay structures, settings, incentives, and benefits
- use evidence-based principles to design a reward strategy that considers how regulations affect decisions
- explain how to conduct a thorough implementation and communication plan for a reward strategy aligned to business needs.
About this course
Course length: Two days
Delivery: Face-to-face and self-directed learning
Suitable for: People professionals who want to progress their career, specialise, or address organisational gaps.
Topics covered
- trends in reward
- employer brand and value proposition
- external context and the future of work
- evidence-based design
- change management
- communication strategy.
What to expect from this ‘develop and implement a reward strategy’ course
This course highlights how a good reward strategy can drive desired behaviours and attract and motivate employees. It presents a range of approaches, concepts, and trends, including examples of financial and non-financial rewards.
You’ll attend a mix of theoretical and practical sessions. You'll develop a commercial and holistic mindset to create, implement and communicate a reward strategy that aligns with overall business needs and fosters a positive culture.
What you’ll need to do on this course
This is a two-day course, delivered in person. You’ll participate in 12 hours of facilitated face-to-face learning over two days. 50% of the learning will focus on theoretical content, and the other 50% will focus on practical applications.
What you’ll get on this course
You’ll receive a resource pack containing essential information for all modules.
At the end of this course, you’ll receive a certificate.
Taking part in this course gives you access to the CIPD Learning Hub for 12 months. Here, you can access your course content together with other valuable resources and tools. When you finish your course, you can enjoy an additional 12 months of access to other resources on the Learning Hub.
Learning outcomes
By the end of this ‘reward strategy’ course, you’ll be able to:
- establish a process for developing, implementing, and communicating an effective reward strategy
- align reward strategy to organisational needs to drive required behaviours
- adopt a commercial and holistic mindset when considering reward policies and practices to align them to business needs.
Team bookings
Interested in booking this course for your team? We offer group bookings solutions for teams of four or more people.
When your teams learn with the CIPD, they get direct access to the latest professional research and insights.
And through courses co-created with industry thought leaders and practitioners, they’ll build the skills and confidence they need to inspire action, influence change and drive business value.
We offer a wide range of Learning and Development solutions to suit employees at every level – whether in HR, L&D, OD or wider people management.
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