Senior HR and reward practitioners with responsibility for remuneration policy and development and those who have previously completed the CIPD Advanced Certificate in Reward Management.

Organisations spend a significant proportion of their operating costs on pay, incentives and benefits. An effective reward strategy linked to the business and HR strategy is essential for any organisation to gain the maximum return from the reward investment and to maximise competitive advantage.

This 2-day course covers the theoretical and practical issues in developing a reward strategy, explores the processes needed to develop the strategy and provides the opportunity to use these processes through several case studies. It enables you to determine which reward processes are most appropriate for your organisation and develop your own reward strategy that takes account of your organisation’s unique set of business, HR and employee circumstances.

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

• assess the key business, organisational and HR issues that have to be taken into account when developing a reward strategy
• identify and source the information required to develop a reward strategy
• develop a reward strategy for your own organisation taking account of current and required levels of implementation capability
• use reward strategy and associated processes to contribute to organisational success.