Remuneration Workshops
Remuneration, rewards, compensation and benefits…
Mastertek, in collaboration with our partners at Remesys, is hosting a series of remuneration training sessions. There are a maximum of 9 attendees in each course. The training is interactive and is a mix of theory, practical examples and exercises. Course details are below.
Registration is managed by our partners at Remesys. To attend, please complete the registration form (available here) and return to events@remesys.com.au.
Remuneration and Benefits: Core Components and Strategies
Summary of Course Content
- Fixed and variable remuneration (terminology)
- Superannuation
- Financial and non financial benefits
- Salary packaging
- A Total Employment Cost (TEC) approach
- Job evaluation methods
- The role of salary surveys and market data
- Short-term (STI) and Long-term incentive (LTI) plans
- Performance management and its relationship to performance pay
- Salary review fundamentals
This course is designed for anyone interested in developing their skills in remuneration and benefits. The course provides both a theoretical and practical approach to the core remuneration concepts and strategies. This full day course will provide you with updated information on how to develop and manage an effective remuneration strategy for your company. We will discuss the latest trends in remuneration and recent changes in legislation. The course focuses on key topics that will ensure that your remuneration strategy is up to date, innovative and competitive including fixed pay, market data, job evaluation, performance pay, employee benefits, salary packaging, performance management and developing an incentive plan. Cost $990 plus GST.
How to Develop an Effective Incentive Plan
Summary of Course Content
- Total Rewards – the big picture
- Components of total reward
- Variable pay defined
- The benefits of variable pay
- Types of variable pay programs
- How to develop an effective company-wide variable pay plan
- How to develop an effective variable pay plan for a specific function/job family
- Latest trends in the area of variable reward programs
This full day course will provide participants with the skills and knowledge to develop an effective incentive plan including the steps involved in how to design, implement, communicate and review an incentive plan. Participants will also learn how to design incentive plans that are equitable and reflect individual contribution through appropriate levels of reward to ensure that employees are motivated to meet and exceed their objectives. Cost $990 plus GST.
A Competency Based Approach to Job Evaluation
Summary of Course Content
- Overview of job evaluation and basis job evaluation concepts
- Broadbanding as an effective model to manage pay
- Competencies defined and an effective approach to developing appropriate competencies
- The importance of developing critical competencies common across the organisation
- The importance of considering position dimensions in the job evaluation process
- Understand the importance of integrating job evaluation with pay and performance principles
- Understand how to design and implement a company-wide job evaluation framework
- Understand how an effective job evaluation approach fits into the wider
- remuneration framework
This half day training program examines the concept of job evaluation, including strengths and limitations and how job evaluation can best be applied to meet your organisations requirements. The traditional method of using a points system to evaluate or value the relative worth of a job is often difficult to administer, can contribute to a hierarchical culture, can be difficult to communicate and can place too much emphasis on the need for employees to be promoted to a higher grade to receive a salary increase, rather than being rewarded for the development of their skills. This remuneration training course looks at variations to the traditional approach of job evaluation. The course is designed to provide a simple to adopt methodology that is easy to understand, administer and enables consistent, fair and easily justifiable pay decisions to be made across the organisation. Cost $495 plus GST.