Management Development Programme on Reward Management


Date: will be announced soon


Brought to you by Centre for Social & Organisational Leadership, C SOL.

Who should attend:

HR professionals; especially those who manage employee compensation and rewards.

Heads of business units and those responsible for P&Ls - who wish to understand how compensation practices can be aligned with business strategy.

Why this programme is important:

The function of employee compensation - now termed ‘reward management’ - has a significant influence on employee satisfaction, employer attractiveness & competitiveness, and on business performance.

Most organisations tend to shape their rewards practices based on how other organisations are managing theirs. This approach has a scientific basis in the economics of demand and supply of employees. However, two organisations within the same industry often have differing business strategies and cultures. Therefore HR & compensation professionals need more than benchmarking on which to base their rewards strategies. Our programme recognises this difference and equips participants with an understanding of the latest theory and practice surrounding reward management.

Objectives/Content:

  1. Understand economic and psychological theories underlying the discipline of compensation
  2. Understand the elements of a compensation strategy & structure and be able to design a compensation structure for an organisation
  3. Build expertise in rewards management processes such as job-evaluation, salary benchmarking & fitment, pay-for-performance, salary budgeting & review, and annual increments.

This programme involves practice with data on Excel sheets. Therefore, participants are required to bring their laptops along.

Fees:

Rs. 35,000/- inclusive of taxes, per participant (non-residential).
Outstation participants are welcome to stay in the TISS guesthouse (subject to availability) at additional fees.

Faculty:

Dr. Zubin R. Mulla is a Professor at the School of Management & Labour Studies at the Tata Institute of Social Sciences. He has a bachelor's degree in mechanical engineering from Pune University, a post graduate diploma in business management, and a doctorate in management, both from XLRI Jamshedpur. Prior to entering the teaching profession in 2005, he had worked as an engineer and a management consultant for 8 years. His research interests are in the area of transformational leadership, Indian culture, and executive compensation.

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