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Certified Rewards Ready
Aon HR Learning Center Start Date14 December, 2019
Course FeeINR 35,000
USD 600
Duration12 weeks
2
Certified Rewards Ready
Develop a structured understanding of rewards strategy, job evaluation, market benchmarking, salary structures, budgeting and short-term incentives
Purpose
Page 3
Uncover the need for
rewards readiness and key
success factors to enable
role effectiveness
LearningJourney
Page 7
Get familiar with our learning
journey, the course
curriculum and key
takeaways at each stage
RegisterNow
Page 16
View our course architect
profiles, understand the
certification process and next
steps to take the leap
OurImpact
Page 20
Know more about AHLC, our
impact on the HR fraternity
and our approach to
developing HR capability
3
Get Acquainted
What does it
take to build a
successful
career in
rewards?People are emerging as the top focus area and differentiator for organizations. It is one of the largest costs for an organization.
Understanding the best practices in managing rewards can help not just reduce the cost but also enable a higher RoI in terms of employee retention, productivity and performance.
The Gap
One-third of companies want to see their total rewards as a differentiator; only 10% say they are
Despite a 13% upward gap from market, Rewards is the #1 improvement driver for Best Employers
Over 25% of Rewards professionals struggle with placing an employee in a pay range
Only 1 in 2 Rewards professionals can effectively execute a job description and evaluation exercise
Source: Aon Research
Target Learners
Purpose
Compensation and Benefits Professionals: Overview of
rewards lifecycle to effectively anchor key functional
activities
Payroll Professionals: Prepare yourself for a role in the
rewards team by building a strong foundation
HR Generalist: Become more confident when you talk about pay with different stakeholders
HR Enthusiasts: Demystify the world of rewards to bring alive pay for performance in your organization
Aon’s Perspective
Use data and support tools to evaluate what the organization gains for their spend on the total rewards program
Create the right mix of programs to decrease aggregate spend and increase attraction, retention and engagement
Know the point of diminishing returns. Focus on effectiveness, efficiency, and exposure, not just cost, compliance and competitiveness
Make decisions based on how programs fit within overall HR programs and its actual value for employees
4
Key Success Factors Core Belief
Business Acumen• Connect the dots between business and people• Contextualize rewards decisions to business priorities • Manage the impact of rewards approach on wage bill and productivity
Effective Partnership• Develop yourself to emerge as a trusted advisor to business and other HR functions• Communicate effectively with business and managers• Tailor rewards approach for different growth stages
Technical Expertise • Understand pay elements: mix, approach, parity, differentiation and positioning• Manage the process to drive internal equity and maintain external competitiveness• Drive annual budgeting process and govern pay management
Rewards Strategy
External Competitiveness
Internal Equity
On-goingPay
Management
HR Strategy
Business Strategy
HR Systems beyond impacted: • Performance• Career
Salary Structures
Other Rewards Policies
Incentives
Business Strategy
Purpose
5
Our Learning Model
Purpose
Journey Snapshot
Webinars 16 hours
OnlineDiscussion BoardActive for one year
E-learnings14 hours
Certification Aon Certified Rewards
Ready
Practical Activities6 hours
Reckoners: Interactive E-learnings focused on key concepts
Business-Ready: Webcasts by leaders on key success factors for role-readiness
Build and Assess: Quizzes to assess participant’s understanding of key conceptsLearn
Perspectives: Webinars led by Aon consultants to discuss best practices and insights
Case ware: Application through case study assignments followed by webinar debriefsEngage
DIY Kits: Comprehensive guides with a focus on application and implementation of concepts
Connect: Curated topical content and guided discussions with participants across industriesApply
6
Structured Approach to Rewards Capability
Purpose
Master essentials of total rewards, internal equity,
external competitiveness, pay management and
incentive design
Deep dive into key considerations, requisite
vehicles, prevalent regulatory norms and institute governance
systems
Understand regulations,map perceptions,
design innovatively,govern budgets and
cascade policies
Get a holistic grip on the key elements like internal equity,
market benchmarking and budgeting to support an effective
rewards ecosystem
Certified RewardsProfessional
Certified Long-Term Incentive Expert
Certified Benefits Professional
Certified RewardsReady
7
On the Road
How do we
enable you to be
a successful
rewards
professional?Our learning journeys are structured to enable working HR professionals to enhance their skills to increase role readiness.
With a healthy mix of theory and application we ensure that you are ready to create an impact at your workplace the day after your journey.
Module Highlights
Module 1: Introduction Understand the key success factors to being a successful Rewards professional and gauge your personal readiness
Module 2: Engage with BusinessLearn Aon's Improving Business Results Through People Model to understand the relation between business strategy and people outcomes
Module 3: Understand Total RewardsUnderstand total rewards and learn to leverage its different elements effectively in context of your organization
Learning Journey
Module 4: Build Internal EquityLearn about job description creation to enable productivity and job evaluation methodologies to build an organization structure
Module 5: Measure External Competitiveness Equate your organization's jobs and pay to an external comparator set to review competitiveness of pay
Module 6: Drive Pay ManagementLearn to build guidelines for pay structures. Deep dive into the different methodologies used for salary structure design
Module 7: Conduct Annual BudgetingKey factors influencing the annual budgeting process and the best practices to conduct an effective annual cycle
Module 8: Optimize STI & CommunicationGet an overview of the types of STI plans, design process and learn to identify the right plan time for your context
Introduction
• Key success factors
• Fundamentals of business: balance sheet, profit & loss,
cash flow
• Role readiness assessment
• Individual development plan
Fundamentals
8 Learning Journey
IDP 30 mins
Readiness assessment
20 mins
1 reckoner15 mins
Introductory webcast
20 mins
• Get a holistic overview of the role
• Understand the basics of business financials and
growth
• Build a customized learning journey and
development plan
Learning Outcomes
Engage with Business
• Aon’s Improving Business Results through people model (IBR)
• Strategic styles of business: product leadership, customer intimacy,
operational excellence
• Core capabilities of organizations
• People requirements: culture, work environment and competencies
• People strategy: employee priorities, talent supply, capability growth, high
performance
Fundamentals
9 Learning Journey
Submission assignment
30 mins
Case ware Webinar
50 mins
2 reckoners45 mins
Perspectives webinar
75 mins
• Connect the dots between business strategy and HR
• Learn about business styles and its impact on people
strategy
• Understand critical levers of people strategy to deploy
resources effectively
• Conduct a gap analysis for your HR function
Learning Outcomes
Understand Total Rewards
• Human needs hierarchy
• Total rewards framework
• Types of rewards: benefits, compensation, work environment, capability growth
• Impact on rewards strategy on other HR systems
• Pay elements: approach, parity, positioning, delivery and mix
• Application of rewards strategy
Fundamentals
10 Learning Journey
Submission assignment
30 mins
Case ware Webinar
50 mins
2 reckoners45 mins
Perspectives webinar
60 mins
• Understand the difference between salary and rewards
• Identify gaps in current programs against rewards strategy
• Contribute to new policy formulation in rewards
• Communicate with employees and managers
Learning Outcomes
Build Internal Equity
• Importance of internal equity
• Job description: documentation, review and validation
• Unique role identification
• Methods of job evaluation: point factor, job slotting, broad based approach
• Impact of job evaluation across functions
• Outcomes of job evaluation
Fundamentals
11 Learning Journey
Submission assignment
30 mins
Case ware Webinar
45 mins
2 reckoners45 mins
Perspectives webinar
80 mins
• Understand the importance of maintaining internal equity
• Drive job documentation with business
• Build simple grade structures
• Identify the triggers for a job evaluation exercise
Learning Outcomes
Measure External Competitiveness
• Market benchmarking objective definition
• Appropriate position, comparator, data source selection
• Job matching: considerations and focus areas
• Data analysis and interpretation
• Key challenges of market benchmarking
Fundamentals
12
Learning Journey
• Identify key anchors of benchmarking to ensure accuracy
• Distinguish between close, exact and perfect job matches
• Learn to understand data from multiple sources and
analyze results
• Support managers and other HR teams with market
insights
Learning OutcomesAssessment
10 mins
Submission and solution
45 mins
1 reckoner25 mins
Perspectives webinar
60 mins
Drive Pay Management
• Types of salary structure: broad grades, multiple grades, career bands and
market reference points
• Key elements: pay policy line, salary structure, range spread, midpoint
progression, salary structure overlap, comparative ratio
• Pay range design
Fundamentals
13
Learning Journey
• Identify pay ranges for levels and across job families
• Communicate pay implications of job progression to
employees
• Place people in the appropriate pay range
• Ensure compliance with salary structure during hiring,
vertical and horizontal movements
Learning Outcomes
Submission and solution
45 mins
1 reckoner25 mins
Perspectives webinar
60 mins
Conduct Annual Budgeting
• Key factors impacting annual budgeting: external / internal, group / individual
• Salary budget design overview
• Annual budgeting design principles: top down, bottom up, hybrid
• Budgeting and distribution
• Communication of annual pay
Fundamentals
14 Learning Journey
Submission assignment
30 mins
Case ware Webinar
45 mins
2 reckoners30 mins
Perspectives webinar
60 mins
• Understand the impact of internal and external factors
on salary increase
• Develop in-depth understanding of annual budgeting process
• Help define annual budgeting guidelines and allocate
resources
• Plan budget distribution to enable pay for
performance
Learning Outcomes
Optimize STI and Communication
• Defining objectives: strategic, talent and financial
• Identifying plan type: individual, group, enterprise
• Key parameters: eligibility, performance, funding
• Essentials of internal communication
• Communication framework design
Fundamentals
15 Learning Journey
• Identify the right type of incentive plan to meet overall
goals
• Learn to build success parameters to ensure maximum
impact
• Help implement, communicate and govern STI plans
• Drive effective communication across the employee
lifecycle
Learning Outcomes
Submission and solution
45 mins
1 reckoner25 mins
Perspectives webinar
60 mins
16
Take the Leap
Invest in your
learning
Each AHLC learning journey is designed using Aon’s global insights and consulting best practices. Our programs are facilitated by Senior Consultants at Aon with in-depth subject matter expertise.
Certified Rewards Ready provides over 40 hours of learning content with nearly 15 hours of learning with consultants.
Evaluation Philosophy
Continuous EvaluationWith evaluation across different elements and each module our final certification is extremely robust and ensures that learners are equipped with holistic knowledge on each element
Blended ApproachOur evaluation process tests both practical and theoretical knowledge through different assignments, pop-quizzes and modular assessments
DistinctionCandidates scoring over 80% in their overall assessment will be awarded a distinction in their certification
Register Now
Experienced ConsultantsAll our webinars are facilitated by senior consultants from Aon with over 10 years of experience at the median level
Subject Matter ExpertiseEach of our consultants are specialists in Rewards and advise multiple clients on different Rewards related interventions
Cross-Industry ExposureAs full time consultants our facilitators draw on their real life experience with several clients across industries enabling participants to further understand real life organizational challenges
Course FeeThe course is priced at INR 35,000 (incl. taxes) and , USD 600 (incl. taxes)
Standard CertificationAll participants scoring over 50% will be provided an e-certificate from Aon. This certificate will hold life-time validity
Hard Copy CertificationEvery participant can choose to avail of a hard copy of the certificate at any time at an additional cost of INR 2,000
Facilitator Pool Certification
Our Architects
17 Register Now
Anandorup Ghose leads Aon’s Rewards and Performance practice and the Aon HR Learning Center for
South Asia. In his 12 years of experience he has managed several client relationships in the Middle
East, Asia Pacific and India in the areas of executive compensation design and benchmarking, long term
incentive plan design, sales incentive plan design, governance structure definition, remuneration
committee advisory etc. Moreover, he has also worked on some large scale merger integration projects
with clients in the region.
Anandorup Ghosh Partner, Human Capital Solutions
Aon
Our Architects
17 Register Now
Prashant is part of the IT/ ITeS Rewards Consulting practice with over 6 years of experience.He specializes in area of Broad Based Compensation and has been involved in Project Management as well as delivery of compensation consulting assignments. He works with a broad range of clients spanning the IT Products, Banking Captives, Third party Captives and IT Services sectors where he has worked across a variety of solution areas like Compensation Benchmarking and Structuring, Expat Compensation and Benefits Benchmarking and Optimization. Prior to joining Aon, Prashant has worked with Cognizant Technology Solutions focusing on Career Architecture Design, Performance Management, System transformation and Change Management. Prashant holds a post graduate degree in Personnel Management and Industrial Relations from XLRI, Jamshedpur along with a Bachelor’s degree in Engineering
Prashant ShuklaConsultant, Rewards
Technology and Enabled Services
Our Architects
17 Register Now
Krishna is a consultant with the FMCG Industry arm of the Rewards Consulting Practice of Aon with strong exposure across Organization Structure, Job Evaluation, Rewards Design & Benchmarking exercises across leading FMCG Firms. He has worked on multiple assignments which include compensation structuring, market benchmarking (blue collar and white collar), benefits benchmarking, organizations structure and incentives design. Prior to joining Aon, Krishna Chaitanya worked extensively in the areas of design & implementation of incentives & performance management systems and improving the overall effectiveness of sales organization structures at ITC Limited. Krishna holds a Post Graduate degree in Human Resources from XLRI Jamshedpur and a Graduate degree in Mechanical Engineering from NIT Allahabad. Krishna has keen interest in the areas of Organization Structure, Rewards, Performance Management Systems & Organization Effectiveness.
Krishna Chaitanya MalladiSenior Consultant, Performance and Rewards
Aon
Evaluation
19 Register Now
40% Assignments
20%Reckoner
Completion
40%Modular
Assessment
• A minimum of 50% is required in the final assessment
• An aggregate score of at least 50% is required to complete the certification
Registration
Key Details• Course start date: 14 December, 2019• Course fee: INR 35,000 (incl. tax) ; USD 600 (incl. tax)• T&C
How to Register?• Reach out to AHLC team at +91 11 43145500 • Write to us at [email protected]
20
JourneySo Far
AHLC’s
milestones and
impact on HR
Aon HR Learning Center is on a mission to provide real learning to help HR impact
business outcomes. We bring together our consulting insights and capability
building expertise to create highly-specialized learning journeys for HR
professionals. To know more visit our website
Our Impact
8,000AHLC alumni impact business results
19 learning journeys for specific roles and career stages
40%alumni refer someone for an AHLC course
1,600learners through bespoke projects in 2017
Our Impact
Effective PartnershipGain leaders’ trust to sharpen the human capital agenda
Business AcumenUnderstand business imperatives, connect people initiatives
Technical ExpertiseNavigate across contexts to create tangible impact
Expert Series Tailor your expertise across CoE roles, next generation skills and niche areas of HR to be a catalyst who helps actualize the full potential of your organization’s overall people agenda
Professional Series Ensure role-readiness to redouble your strategic impact across the functional value chain to translate business needs into HR priorities and deliver business results
Ready Series Learn at your convenience through curatedonline journeys to develop essential skills and support your HR function throughcomprehensive knowledge
AHLC PortfolioDesign Principles
To know more about our learning journeys and to identify the right learning intervention for you, please contact us at +91 11 43145500 or at [email protected]
Visit our website here
Contact UsPooja Chitkara+91 971 730 [email protected]
AHLC Inquiry+91 11 [email protected]