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Masterclass Workshops

Effective Reward: Delivering Value in Turbulent Times

One-Day Accelerated Learning Workshop


The Masterclass Programme

09.00 Welcome and Introduction

Maximising the value of reward in a tough operating environment
• Economic factors and the impact on reward
• Using measurement to evaluate return on reward
• Meeting motivation and engagement challenges
• Promoting talent, productivity and exceptional performance
• What research reveals about good and bad practice
• Top performers and low achievers compared

The four pillars of effective reward
• Setting strategic reward goals and success criteria
• Reviewing the evidence and assessing current practices
• Piloting and implementing changes and improvements
• Continuous measurement, review and adaptation

Business goals: setting the reward agenda
• Aligning reward with corporate strategy
• Reflecting changing business priorities and goals
• Flexing reward to meet performance targets
• Reward and the talent agenda

Building flexibility into reward to meet changing business goals
• Principles of successful performance-related pay
• Incentivising the right behaviours
• Bonuses: balancing short and long term goals
• Group and individual bonuses

The role of total reward

Panel Discussion

 

13.00-14.00 Lunch and networking

14.00 Afternoon Session

Measuring the payback from reward
• What to measure
• Connecting reward to human capital
• Identifying the few key indicators of effectiveness
• Sourcing the data

Linking reward to motivation and engagement
• Setting the Agenda
• How to refocus reward
• Setting realistic targets
• Managing expectations

Communicating the value of reward
• A reward communications strategy
• Key messages for employees
• Communicating the value of the total package

Moderated discussion of issues and learning points

Panel Discussion

Making the most of recognition and intangible rewards

16.30 Concluding remarks and close