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TOTAL REWARDS PHILOSOPHY DEVELOPMENT L4 POWERED BY SHRM (SF) (SYNCHRONOUS E-LEARNING)

Funded

Course Duration

22.0 hr(s)

Mode of Assessment

Assessment will be made up of:

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

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 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.

Course Schedule

Next available schedule

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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.
Hardware & Software
This course will be conducted as a Virtual Live Class (VLC) via Zoom platform. Participants must own a zoom account and have a laptop or a desktop with “Zoom Client for Meetings” installed. This can be downloaded from https://zoom.us/download.

System Requirement

Must Have:

Please ensure that your computer or laptop meets the following requirements.

Operating system: Windows 10 or MacOS (64 bit or above)
Processor/CPU: 1.8 GHz, 2-core Intel Core i3 or higher >
Minimum 20 GB hard disk space.
Minimum 8 Gb RAM
Webcam (The camera must be turned on for the duration of the class)>
Microphone
Internet Connection: Wired or Wireless broadband
Latest version of Zoom software to be installed on computer or laptop prior to the class.

Good to Have:

Wired internet connection
Wired internet will provide you with stable and reliable connection.

Dual monitors
Using a dual monitor setup will undoubtedly improve your training experience, enabling you to simultaneously participate in hands-on exercises and maintain engagement with your instructor.

Not Recommended:

Using tablets is not recommended due to their smaller screen size, which could cause eye strain and discomfort over the course of the program's duration.

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

Certificate Obtained and Conferred by

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

Upon meeting at least 75% attendance and passing the assessment(s), participants will receive a Certificate of Completion from NTUC LearningHub.

Additional Details

Medium of Instruction & Trainer

English
Trainer : Trainee Ratio is 1:20

Additional Note

Interested parties can separately email to [email protected]

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:

Course Fee and Government Subsidies
	Individual Sponsored		Company Sponsored
	Individual Sponsored		Non-SME		SME
	Before GST	After GST	Before GST	After GST	Before GST	After GST
Full Course Fee (For Foreigners and those not eligible for subsidies)	$850.00	$926.50	$850.00	$926.50	$850.00	$926.50
For Singapore Citizens aged 39 years and below and For all Singapore Permanent Residents (The minimum age for individual sponsored trainees is 21 years)	$425.00	$501.50	$425.00	$501.50	$255.00	$331.50
For Singapore Citizens aged 40 years and above	$255.00	$331.50	$255.00	$331.50	$255.00	$331.50

Funding Eligibility Criteria:

Individual Sponsored Trainee

Company Sponsored Trainee

Singapore Citizens or Singapore Permanent Residents
From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses
Trainee must pass all prescribed tests / assessments, and attain 100% competency
NTUC LearningHub reserves the right to claw back the funded amount from trainee if he/she did not meet the eligibility criteria

Singapore Citizens or Singapore Permanent Residents
From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses
Trainee must pass all prescribed tests / assessments, and attain 100% competency
NTUC LearningHub reserves the right to claw back the funded amount from the employer if trainee did not meet the eligibility criteria

Remarks:

Individual Sponsored Trainee

Company Sponsored Trainee

SkillsFuture Credit:

Eligible Singapore Citizens can use their SkillsFuture Credit to offset course fee payable after funding.

UTAP:

This course is eligible for Union Training Assistance Programme (UTAP).
NTUC members can enjoy up to 50% funding (capped at $250 per year) under UTAP.

PSEA:

To check for Post-Secondary Education Account (PSEA) eligibility for this course, visit:
(a) SkillsFuture (TGS-2020504990) for Face-to-Face class
Scroll down to “Keyword Tags” to verify for PSEA eligibility.
If there is “PSEA” under keyword tags, the course is eligible for PSEA.
And if there is no “PSEA” under keyword tags, the course is ineligible for PSEA.
Not all courses are eligible for PSEA funding.

Absentee Payroll (AP) Funding:

$4.50 per hour, capped at $100,000 per enterprise per calendar year.
AP funding will be computed based on the actual number of training hours attended by the trainee.
Note: Courses / Modules under Professional Conversion Programme (PCP) will not be eligible for AP funding claim.

Union Training Assistance Programme (UTAP)

NTUC members enjoy UTAP* benefit of up to $250 each year when you sign up for courses with NTUC LearningHub

* UTAP supports 50% of the course fees paid cap at $250 per year. You must be a union member throughout the course duration and at the time of claim. You must achieve a minimum of 75% attendance for each application and have sat for all prescribed examinations. Other terms and conditions apply.

Terms & 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.

For more information, please contact us at +65 6336 LHUB (5482) or email [email protected]

Course Code

SFSTRPD4

Course Overview
Course Schedule
Course Objectives
Pre-requisites
Course Outline
Certificate Obtained and Conferred by
Additional Details

Before Funding 850

Please contact us through our enquiry form if there are no schedules available.

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SFSTRPD4: TOTAL REWARDS PHILOSOPHY DEVELOPMENT L4 POWERED BY SHRM (SF) (SYNCHRONOUS E-LEARNING)

TOTAL REWARDS PHILOSOPHY DEVELOPMENT L4 POWERED BY SHRM (SF) (SYNCHRONOUS E-LEARNING)

Course Duration

Mode of Assessment

Who Should Attend

Course Overview

Course Schedule

Course Objectives

Pre-requisites

Course Outline

Certificate Obtained and Conferred by

Additional Details

What Others Also Enrolled In

PROTECTED AREA