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Professional Diploma Course in Understanding the Performance and Reward Management System

The programme aims to develop pro-active decision makers, managers and leaders for a variety of careers in business sectors in a global context.

The Professional Diploma Course in Understanding the Performance and Reward Management System is designed to provide participants with a comprehensive understanding of the principles and practices involved in managing employee performance and implementing effective reward systems. This course explores the key components of performance management, including goal-setting, performance appraisal methods, and performance feedback. Participants will also learn about the design and implementation of reward systems, including compensation structures, incentive programs, and employee recognition initiatives.

Key facts about Professional Diploma Course in Understanding the Performance and Reward Management System

    Key facts for the course "Professional Diploma Course in Understanding the Performance and Reward Management System": Gain comprehensive knowledge of performance and reward management principles, techniques, and strategies. Learn how to design and implement effective performance appraisal systems, set performance goals, and provide feedback to enhance employee performance. Understand the role of rewards, recognition, and compensation in motivating and retaining top talent. Explore best practices for aligning performance management with organizational objectives. Develop skills in evaluating and improving the performance and reward management system. Enhance your understanding of key performance metrics, performance-related pay, and performance improvement plans. Enroll now to optimize your organization's performance and reward practices for sustainable success.

Why choose LSIB ?

    The course "Professional Diploma Course in Understanding the Performance and Reward Management System" is essential for professionals seeking to optimize their organization's performance and reward practices. By gaining comprehensive knowledge of performance and reward management principles, techniques, and strategies, participants will be equipped to design and implement effective performance appraisal systems, set performance goals, and provide feedback to enhance employee performance. They will also learn about the role of rewards, recognition, and compensation in motivating and retaining top talent. Through this course, professionals can enhance their understanding of key performance metrics, performance-related pay, and performance improvement plans, enabling them to drive organizational success. Enroll now to advance your career and make a positive impact on your organization's performance and reward management.

Course start dates
    Please find below our next course start dates:
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  Duration

The programme is available in two duration modes:
1 month (Fast-track mode)
2 months (Standard mode)

  Course Delivery

Online

  Entry Requirements

The program operates on an open enrollment basis, and there are no specific entry requirements. Individuals with a genuine interest in the subject matter are welcome to participate.

  Course Content

  1. Introduction to Performance Management

    • Overview of performance management
    • Importance of performance management in organizations
    • Key components of a performance management system

  2. Performance Planning and Goal Setting

    • Setting SMART goals
    • Cascading goals from organizational to individual levels
    • Performance planning and agreement process

  3. Performance Monitoring and Feedback

    • Methods of monitoring employee performance
    • Providing ongoing feedback and coaching
    • Conducting performance reviews and appraisals

  4. Performance Improvement and Development

    • Identifying performance gaps and development needs
    • Creating performance improvement plans
    • Implementing development strategies and initiatives

  5. Reward Management Principles

    • Understanding the role of rewards in motivating employees
    • Types of rewards: monetary and non-monetary
    • Designing effective reward systems

  6. Compensation and Benefits

    • Understanding the components of a total compensation package
    • Salary structures and pay scales
    • Employee benefits and perks

  7. Performance-based Pay and Incentives

    • Different types of performance-based pay systems
    • Designing and implementing incentive programs
    • Linking performance to variable pay and bonuses

  8. Recognition and Employee Engagement

    • Importance of recognition in motivating employees
    • Designing and implementing employee recognition programs
    • Enhancing employee engagement through recognition

  9. Performance Analytics and Measurement

    • Metrics and key performance indicators (KPIs)
    • Analyzing and interpreting performance data
    • Using data to drive performance improvements

  10. Legal and Ethical Considerations in Performance and Reward Management

    • Compliance with employment laws and regulations
    • Ensuring fairness and equity in reward systems
    • Ethical considerations in performance management

  Assessment

The assessment is done via submission of assignment. There are no written exams.

  Course fee

The fee for the programme is as follows:
1 month (Fast-track mode) - £140
2 months (Standard mode) - £90

  Payment plans

Please find below available fee payment plans:
1 month (Fast-track mode) - £140

2 months (Standard mode) - £90

  Accreditation

This program is not intended to replace or serve as an equivalent to obtaining a formal degree or diploma. It should be noted that this course is not accredited by a recognised awarding body or regulated by an authorised institution/ body.

  How to apply ?

Simply follow the steps given below to enrol:
1. Fill enrolment form on-line at https://www.lsib.uk/enrolment-form/start.html
2. Pay enrolment fee of GBP £10
(This can be paid online using credit or debit card)

Apply Now