Reward & Recognition

The main points of the course are the importance and function of rewards and how it in turn motivates employees so that overall performance can be tracked. Rewards are monetary and non-monetary in from and the right combination can help enhance performance. In order to plan these rewards, a budget needs to be allocated, and estimating and comparing to previous budgets becomes essential. The course highlights why compensation, compliance, knowledge, handbook, and complying with the standard sets are important and all contribute toward the reward selection process. How these rewards are decided upon is based on reporting and analytics which should be error-free and meticulous.

Beginner 5(1 Ratings) 2 Students enrolled
Created by Dr. Mohammed Bawaji Last updated Wed, 14-Oct-2020 English
What will i learn?
  • The course aids in understanding what rewards do and why do organisations implement this process as an integral function of HR management.
  • Rewards are financial and non-financial in nature and they help better performance of employees in general.
  • In order to plan for rewards, budgeting is important at the start which allocates and manages funds for this function.
  • Estimation and comparing to previous years are beneficial at this stage in order to arrive at the right budgeting system.
  • Important tenets of rewards and what leads to the decision making are compensation, employee handbook, statutory compliance which helps minimise risk and penalties are among the main factors detailed in the course.
  • Complying with standards and benchmarks set by the organisation is key to help minimize costs and streamline processes.
  • The types of rewards include a variety of types for example work life balance and due recognition for intrinsic motivation.
  • All the elements of talent development perform in alignment with the right purpose results in increased competencies of the employees and the organisation as a whole.
  • An increased competent and proficient HR department positively impacts the HR activities in the organisation.

Curriculum for this course
5 Lessons 01:00:00 Hours
Chapter 1
3 Lessons 00:30:00 Hours
  • Chapter 1 00:00:00
  • Chapter 1
  • Chapter 1 00:30:00
  • Chapter 2
  • Chapter 2 00:30:00
Requirements
  • Preferred minimum graduate from any field OR 12th pass with corporate experience can take up this online course.
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Description

The best way of motivating a human is to pay something in return for their efforts. Rewarding is closely linked with motivation. People constantly look for payoffs in return for their efforts. Organisation rewards employees to motivate them to achieve both their personal and organisational goals. Be it motivating prospective candidates to apply in the organisation or appreciating the existing employees for their remarkable performance. This involves the function of rewards to increase the competencies of the employees at every stage of their career by performing effectively once they are selected.

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About the instructor
  • 12 Reviews
  • 27 Students
  • 11 Courses
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Founder & Managing Director of CP HR Services Pvt. Ltd, He is a strategic human resource management specialist, a career coach, an educationalist, a business management consultant and a renowned trainer in the corporate and education world. In addition to the above, he is a certified drawing and signature analyst and has a keen interest in graphology.

For over 15 years Dr. Mohammed Bawaji has been an expert and entrepreneur in the field of Human Resources. He is a pioneer in developing transformational HR processes and written several books for corporate and academic use. While he is constantly intrigued by HR and its processes, he has also developed HR specific short online courses and is also a consultant on topics related to career and education. A strategic human resource specialist and career coach, Dr.Bawaji serves as a recruitment advisor to many Fortune 500 companies.

The Economic Times has nominated him for the coveted title ‘Leader for Tomorrow” for three consecutive years (2010-2012). He is the only trainer to be to be certified by TUV SUD South Asia Pacific Pvt Ltd. (A German-based auditing firm) for the Programme in Entrepreneurship Development. (PED) in 2016.  Also a  Ph.D. in Human Resource Management.

Student feedback
5
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Reviews
  • Wed, 12-Aug-2020
    mehnoor khan
    the ideas and suggestions given are quite helpful also the reviewing helps alot to have a quick recap of about the chapter
₨.300 ₨.600
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Includes:
  • 01:00:00 Hours On demand videos
  • 5 Lessons
  • Full lifetime access
  • Access on mobile and tv