Why Attend
This course combines two of eight modules of the Advanced Certificate in Human Resource Management which are Total Rewards and Human Capital Analytics.
Total Rewards encompasses direct and indirect remuneration approaches that employers use to attract, recognize, and retain workers. HR demonstrates value by designing and administering systems and programs (e.g., base pay, benefits, incentive pay, leave, perquisites, retirement) that support recruitment and retention efforts. This module outlines a comprehensive, step-by-step approach to designing, implementing, administering, and maintaining a compensation system.
Human Capital Analytics (sometime called Predictive Analytics) is fast becoming the means by which HR earns its seat at the decision-making table. Evidence-based HR starts with a clear and objective understanding of the relationship between data, information and knowledge followed by identifying, prioritizing and communicating the information which is most impactful in organizational decision making. This module explores how to gather and analyze pertinent HR metrics which have organization-wide implications including how to properly communicate those findings to drive better decision making.
Course Methodology
Modules within the Advanced Certificate in Human Resource Management (ACHRM) are uniquely designed; no prerequisites are required, and the learner can enter the program at any time. Plus, the complete Certificate program involves a wide variety of learning experiences including group discussions, individual and group activities, case studies, toolkit development and a post-test reinforcement of learning at the end of each module.
Course Objectives
Total Rewards Module
By the end of the module participants will be able to:
Human Capital Analytics Module
Target Audience
This course is designed specifically for HR generalists and HR specialists in the fields of compensation and benefits and human capital analytics
Total Rewards Module Content
Lesson 1 - Introduction to Compensation
Total Rewards
Direct versus Indirect
Trends in Compensation Approach
Lesson 2 - Legal Concepts that Impact Compensation
Employment Laws
Laws versus Policies
Standards (legal) versus Best Practices
Lesson 3 - Designing a New Compensation Structure
Tying Compensation to Business Needs and Organizational Culture
Compensation as a Part of Total Rewards
Broadbanding
Lesson 4 - Implementing, Administering, and Maintaining a Compensation System
Issues with Pay Adjustments or Pay Administration Decisions
Compliance
Pay Increases
Pay Variations
Measuring Effectiveness – Evaluating the Compensation System
Lesson 5 - Compensation Communication
Communicating Your Initial Plan
Communicating and Announcing Changes
Lesson 6 - Incentive Pay
Types of Incentive Pay Plans
Monitoring Incentive Pay Plans
Commonly Used Metrics
Pay Plans for Select Employees
Lesson 7 - Compensation for M&A and International Assignments
Mergers and Acquisitions
International Compensation
Recent Compensation Developments
Compensation Resources
Lesson 8 - Benefits and Perquisites (Perks)
What are Benefits and Perks?
Criteria for Choosing Benefits and Perquisites
Variations in Benefits
Benefits Needs Assessment
Benefits/Perks Gap Analysis Issues and Suggested Actions
Types of Benefits
Examples of Perquisites
Human Capital Analytics Module Content
Lesson 1 - Overview of Human Capital Analytics
Lesson 2 - What to Measure (KPIs) and How to Collect Data
Measurement and Data Requirements
Defining Research Questions
Key Performance Indicators
Lesson 3 - Analyzing Data and Interpreting Results
Workforce Analytics Highlights
Application of HR Analytics
Data Visualizing and Modeling
Lesson 4 - Communicating and Presenting Findings
Preparing & Presenting Results
Lesson 5 - Human Capital Maturity
Analytics Maturity
aractech is the region’s leading provider of in-house custom-designed courses. We have been tailoring in-house solutions for our clients aimed at helping them achieve short term training wins or long term strategic requirements. In addition to being significantly cost effective, these courses are constantly in demand because they:
We offer group and corporate discounts on many courses. These discounts are available for clients who want to maximize their return on investment.
We offer individual discounts on many courses for people who are self-sponsored and make their payment in full and upfront at the time of registration.
Nominations to our public courses are to be processed by the client’s HR/Training department except for self-nominations which are to be paid in advance using the “payment by self” option on the online registration form. A refund will be issued back to the client in the event of course cancellation or seat unavailability. Registration confirmation is subject to aractech's review of registration request and seat availability.
Clients are responsible for any type of tax levied in their country.
If you are interested in having a course custom-designed for your organization, please submit a request using the link below. Once we receive your duly completed request, one of our business development professionals or consultants will get in touch with you to understand your requirements with more detail and answer any relevant questions you may have. After all pertinent information has been exchanged, we will work on the custom-designed request and send you the proposal you require and work with you to identify the ideal period and place for delivering the custom-designed solution.