Mastering Pay and Performance

Overview

The tight labour market, coupled with far-reaching global changes across all sectors places ever increasing pressure on people managers and HR professionals to manage employees' pay and performance effectively and transparently.

Managers are frequently facing complex pay and performance-related scenarios - everything from tailoring rewards to attract and retain key talent and managing counter offers to communicating less than favourable salary and performance review decisions. This highly interactive Short Course will provide a clear understanding of remuneration concepts, and leave you equipped with practical tools and techniques to manage in a diverse range of pay- and performance-related scenarios.

Topics Covered

This highly interactive Short Course will provide a clear understanding of remuneration and performance concepts, leaving participants equipped with the practical tools and techniques to manage a diverse range of pay- and performance-related scenarios. Topics to be discussed include:

REM 101: Understanding the basics

Interpreting and applying external survey market information

Balancing internal relativity with external market competitiveness

Budgeting and distributing salary increases fairly and equitably

Mastering the communication of pay-related decisions

Salary bands and managing progression through the pay range

Performance management: when and why

Preparing for performance management discussions

Delivering the message

Constructive conversations in difficult situations

Strategies for managing counter-offers

Tailoring rewards – developing a compelling EVP to attract and retain talent

Who should attend

Busy People Managers and HR Professionals will find the take-home tips directly applicable to real-world scenarios

Outcomes

• You will understand key remuneration and performance concepts and how they relate to your role as a people manager
• You will be given practical advice you can apply in your workplace
• You will master the art of pay and performance related conversations, and apply the principles to the day-to-day management of your staff
• You will have the opportunity to plan for difficult situations - both pay and performance related
• You will leave refreshed, skilled up and energised
• An opportunity to network, share your knowledge and learn from other participants