The Global Compensation Immersion Program is a comprehensive learning program that provides a global perspective on compensation strategies.
Designed specifically to address the challenges that organisations face when implementing remuneration strategies in different countries.
It provides a deep understanding of the factors that influence rewards decisions, emphasising the importance of considering local market conditions, legal requirements, and cultural norms when designing and implementing remuneration initiatives.
Learning Objectives
Upon completion of the course, participants will be able to:
- Explain the Total Rewards Model, remuneration philosophy and strategy
- Identify objectives for a global rewards program and assignments
- Define remuneration elements for a global workforce
- Utilise strategic concepts for job analysis, documentation, and evaluation
- Identify multicultural nuances affecting global rewards
Program Delivery
This virtual program is delivered in 7 days via live online workshops spanning over two consecutive weeks, with sessions from 9am to 1pm AEST.
Week 1
Monday, Tuesday, Wednesday
- Learn practical approaches to job analysis, documentation, and evaluation for talent attraction and retention.
- Understand the cultural influences on global rewards and employee motivation.
- Explore base pay and variable pay practices, identifying challenges from a global perspective.
- Gain insights into the history of global operations, compensation for global assignees, and globally influential factors.
Week 2
Monday, Tuesday, Wednesday, Thursday
- Understand survey data utilisation, including sources, formats, selection considerations, and data integrity.
- Design fair and competitive global pay programs, covering principles, design, implementation, and evaluation.
- Align variable pay plans with business objectives through incentives, bonuses, and recognition.
- Develop the skills to manage compensation strategies for a global workforce, looking beyond technical expertise.
- Engage in an open discussion and Q&A session with leaders and colleagues on the final day.
Interested in the Global Remuneration Professional Program®? Click below to learn more about this program
Please get in touch if you would like to discuss the options with one of our team members.
Running dedicated group workshops for your team
A dedicated group workshops ensures the same best practices are utilised by the entire team. This learning option helps you maximise ROI while tailoring our education to meet your unique needs.
To see other available courses visit the Mercer Learning website.