Summary - Korn Ferry Virtual Reward Management Training

HR practitioners have come to rely on Korn Ferry training courses as a means to earn a seat at the table and confidently lead talent management best practices within their organizations. Whether you’re just getting started in a new role or organization, supporting a system that’s already in place, or revamping your HR processes, we have specific courses to address your critical talent needs.

REWARD MANAGEMENT TRAINING

This course is designed for HR professionals who want to gain a further understanding of reward design principles and best practices. Given the need to attract and retain the best talent, HR has been under pressure to implement effective reward schemes that support organisational strategic objectives and manage operational costs.

Participants will gain a detailed understanding of the components of a pay structure: salary as part of total remuneration, pay ranges, pay progression mechanisms, and ‘traditional pay’ versus ‘new’.

The course will provide participants with the necessary know-how to critically evaluate the effectiveness of the current reward practice while being able to effectively manage and design robust reward programmes.

This course will cover:

· Developing an effective compensation philosophy and strategy

· Understanding internal pay relationships

· Conducting accurate external benchmarking and using market data to make reward decisions

· Understanding internal and external conditions to determine the appropriate pay positioning

· Developing the overall compensation architecture and salary structure(s)

· Launching a communication and implementation plan for ongoing effectiveness of the reward programs

· Practicing knowledge obtained through a detailed case study and various exercises throughout the course

Korn Ferry Virtual Reward Management Training - August 2026