Performance Rewards: KPI-Based Recognition System Design

Course Overview

• Course Title: Performance Rewards: KPI-Based Recognition System Design
• Instructor: Pritula Academy
• Target Audience:
  • HR professionals
  • Business managers
  • Compensation specialists
• Prerequisites:
  • Basic understanding of HR processes and organizational structure
  • Familiarity with employee performance management concepts
  • Interest in compensation, employee motivation, or Total Rewards strategies
  • Willingness to apply concepts to real business scenarios during homework tasks

Curriculum Highlights

• Key Topics Covered:
  • Foundations of Compensation Strategy
  • Role Analysis & Success Metrics
  • Building KPIs and Performance Indicators
  • Choosing the Right Compensation Model
  • Documenting and Communicating the System
  • Launching, Budgeting, and Monitoring
• Key Skills Learned:
  • Understand the role of incentive systems within Total Rewards strategy
  • Identify key objectives and outcomes of performance-based compensation
  • Analyze employee roles and define performance expectations
  • Conduct job analysis and define success factors for each position
  • Develop effective KPIs and differentiate between output and performance indicators
  • Choose the right performance-linked pay structure
  • Design a clear and motivating incentive structure that aligns with business goals
  • Integrate rewards into the HR strategy and company-wide performance system
  • Create employee-facing documentation to communicate the system effectively
  • Launch and manage a performance pay system with tools, budgeting, and employee feedback
  • Monitor system effectiveness and make data-driven improvements

Course Format

• Duration: 3.5 hours on-demand video
• Format: Self-paced online course
• Resources:
  • 6 downloadable resources
  • Access on mobile and TV
  • Closed captions
  • Audio description in existing audio
  • Certificate of completion