Skip To Content
Total Rewards Philosophy Development L4 powered by SHRM (SF) is a Program

Total Rewards Philosophy Development L4 powered by SHRM (SF)

Self-paced

Sorry! The enrollment period is currently closed. Please check back soon.

Full program description

Total Rewards Philosophy Development L4 powered by SHRM (SF)

Course Overview

Total rewards encompass direct and indirect remuneration approaches that employers use to attract, recognise, and retain workers. HR demonstrates value by designing and administering systems and programs (e.g. base pay, benefits, incentive pay, leave, perquisites, retirement) that support recruitment and retention efforts. This module outlines a comprehensive, step-by-step approach to designing, implementing, administering, and maintaining a compensation system.

Who Should Attend

All levels of HR professionals especially those who are in position of influence and partnership with business leaders.  Professionals who are planning a career switch to HR would find this module very useful in providing the necessary knowledge and skills to do the transition.

Course Duration

  • 2 (Assessment Hours)
  • 14 (Classroom Training Hours) 
  • 6 (e Learning Hours)

Course Outline

1. Introduction to Compensation

  • Total Rewards
  • Direct versus Indirect
  • Trends in Compensation Approach

2. Legal Concepts that Impact Compensation

  • Employment Laws
  • Laws versus Policies
  • Standards (legal) versus Best Practices

3. Designing a New Compensation Structure

  • Tying Compensation to Business Needs and Organisational Culture
  • Compensation as a Part of Total Rewards
  • Broad banding

4. Implementing, Administering, and Maintaining a Compensation System

  • Issues with Pay Adjustments or Pay Administration Decisions
  • Compliance
  • Pay Increases
  • Pay Variations
  • Measuring Effectiveness Evaluating the Compensation System

Mode of Assessment

Assessment will be made up of:

  • Written Assessment (45 minutes)
  • Case Study (75 minutes)

Certification Obtained and Conferred by

Statement of Attainment (SOA) from SkillsFuture Singapore (SSG)

Course Objectives

At the end of the module, participants will be able to:

  • Discuss key issue that affect compensation structures and systems
  • Design a compensation structure
  • Administer and maintain a compensation system that aligns with an organisations mission and vision
  • Effectively communicate details of compensation plans, both initially and when they are changed
  • Describe incentive pay and types of pay plans for select employees.

Pre-requisites

Learners are assumed to able to speak, listen, read and write English at a proficiency level not lower than the Employability Skills Workforce Skills Qualification (ES WSQ) Workplace Literacy (WPL) Level 5.

Medium of Instruction & Trainer

  • English
  • Trainer : Trainee Ratio is 1:20

Additional Note

Interested parties can separately email to hrprofessional@ntuclearninghub.com 

Assumed skills and knowledge for this unit

Learners are assumed to be able to:

  • Manage relationships with various stakeholders through the demonstration of effective interpersonal, communication and negotiation skills
  • Have a global mindset to work effectively with stakeholders from a range of cultural environments
  • Work with models and methods for the management of organisation and development of human resource activities, services and programmes
  • Work with privacy and confidentiality considerations that govern all human resource transactions

Price

 

Individual Sponsored

Non-SME

SME

 

w/o GST

w GST

w/o GST

w GST

w/o GST

w GST

Original Course Fee

850.00

909.50

850.00

909.50

850.00

909.50

Singapore Citizens & PRs aged 21 years and above

520.00

579.50

520.00

579.50

85.00

144.50

Singapore Citizens & PRs aged 40 years and above

85.00

144.50

85.00

144.50

85.00

144.50

Applicable for Singapore Citizen ABOVE 21 yrs & BELOW 40 yrs old / Singapore PRs

Skills Development Fund (SDF) and SkillsFuture Funding: Participants must attend at least 75% of the course, complete the exam with a pass or competent result.

Individuals may enjoy UTAP funding. For more information, please contact us at +65 6336 LHUB (5482) or email ibe@nextu.com.sg.

When you sign in to your SkillsConnect account, please use the course reference number CRS-Q-0041316-HRS to find this course.

Terms and conditions apply. NTUC LearningHub reserve the right to make changes or improvements to any of the products described in this document without prior notice.

Prices are subject to other LHUB miscellaneous fees.

SFSTRPD4