Who Should Attend?

Anyone involved in the pay policy

Objectives

•  Knowing the range of individual and collective pay techniques, their advantages and limits 
• Determining the most appropriate tools for one's company, depending on its culture, environment and population
• Mastering the key steps of a new pay plan

On-site and E-learning Training

5 remote training modules are included in this program to enable the delegates to enrich their experience by a personalized teaching

The + of the Training

The delegates are invited to bring their work documents with them on the training session day dealing with remuneration management, such as collective labour agreement, collective agreements, salary grids, etc.

Salary and salary rise management case study

Programme Outline

1. Understanding the importance of a successful pay plan

• The function of pay policy in the competitivity of the firm and its internal equilibrium
• Identifying the different components of the pay: fixed salary...
• Respecting the basic principle, 'Equal work, equal pay'

2. Building a fair and competitive pay system

• Making the link between classification and the grid of salary
• Using studies to compare wages inside and outside the firm
• Building a wage structure

3. Tailoring the wages

• Linking evolution of the base wage to the performance and competence
• The tools to assist wage decision-making (procedure, matrix...)
• Dealing with the pay rise budget
• Splitting the decisions between the managers

4. Making the individual wages flexible

• The different kinds of flexible wages
• Setting a flexible wage policy: dos and don'ts

5. Selecting the appropriate remuneration and benefits

• Profit sharing, PEE, shareholding
• Profit sharing agreements and how to build a dynamic managerial policy