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 aonahlc@aon.com

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 aonahlc@aon.com

Visit our website here

Contact UsPooja Chitkara+91 971 730 0621pooja.chitkara@aon.com

AHLC Inquiry+91 11 43145500aonahlc@aon.com