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Compensation & Reward Management – The Practical Approach

August 12, 2025

August 13, 2025

LOCATION: LAGOS, CIPM HOUSE ALAUSA IKEJA (HYBRID)

Active Members:

₦120000

Non-Members:

₦170000

  • MODULES:DAY 1: FOUNDATIONS OF COMPENSATION AND REWARD MANAGEMENT

    Strategic Compensation

    • Evolution of Compensation Management
      • Historical perspective
      • Shift to strategic compensation approach
    • Compensation Philosophy Development
      • Alignment with organizational goals
      • Competitive positioning strategies
    • Key Compensation Components
      • Fixed compensation
      • Variable pay
      • Total rewards concept
    • Interactive Exercise: Developing Compensation Philosophy

     

    Job Evaluation and Salary Structures

    Job Evaluation Methodologies

      • Job analysis techniques
      • Job grading and ranking
      • Point-factor method
    • Salary Structure Design
      • Pay bands
      • Salary ranges
      • Internal equity considerations
    • Market Pricing Techniques
    • Practical Session: Job Evaluation and Salary Structuring

     

    Compensation Benchmarking and Market Analysis

    • Market Compensation Research
      • Salary surveys
      • Compensation databases
      • Industry-specific benchmarks
    • Competitive Positioning Strategies
    • Compensation Competitiveness Analysis
    • Compensation Strategy Development

     

    DAY 2: COMPREHENSIVE REWARD MANAGEMENT AND IMPLEMENTATION

     

    Total Rewards and Performance Linkage

    • Total Rewards Framework
      • Monetary and non-monetary rewards
      • Intrinsic and extrinsic motivation

     

    • Performance-Linked Compensation
      • Performance measurement techniques
      • Pay-for-performance principles
    • Variable Pay Structures
      • Bonuses
      • Incentive plans
      • Commission structures

     

    Advanced Compensation Strategies

     

    Compensation for Different Employee Segments

      • Executive compensation
      • Sales compensation
      • Knowledge worker rewards
    • Benefits Design
      • Health insurance
      • Retirement plans
      • Wellness programs
    • Employee Recognition Strategies
    • Performance Compensation Modeling

     

    Legal Compliance and Future Trends

     

    Compensation Legislation

      • Equal Pay Regulations
      • Minimum Wage Compliance
      • Tax Implications
    • Emerging Trends in Compensation
      • Technology integration
      • Artificial Intelligence
      • Personalized reward systems
    • Change Management in Compensation

 

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International Delegates

CIPM Members
$300

CIPM Non-Members
$500

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