Reward managers, compensation and benefits consultants, and HR practitioners – either those with limited experience of reward management or those who would like to increase and broaden their knowledge and expertise in pay structuring and design.

Set pay too low and you might not attract the right workforce. Set it too high, or link it to the wrong performance measures, and the costs could be ruinous. So how do you get it right? This course provides a comprehensive guide to structuring base pay and variable pay design.

By the end of the course you will be able to:

• identify different job evaluation methodologies and decide when to apply them
• assess the pay-setting context, including the difference between internal and external relativities
• evaluate different pay structures and pay progression methods and decide when it is appropriate to apply particular methods
• define the different elements of an equal pay audit
• differentiate between the elements of pay, including pay premia and allowances
• assess the relationship between pay and the wider performance management system
• evaluate incentive schemes and the different approaches to individual and group incentive schemes.