Course Description

Course overview

Retention is an important issue in organizations, regardless of whether the economy is declining or booming across all industries and countries. The challenge to retain key talents in order to sustain a competitive advantage preoccupies the minds of many business leaders. Today’s key employees have many employment options. Research reveals that, even though pay and benefits count, one cannot depend on money alone to retain talented employees. Among other things, key motivators include an opportunity to learn and grow and recognition of achievement.

This programme will cover various areas such as pay and benefits, but also key motivators, which go beyond money such as training, promotion and transfers. However, sometimes parting from employees is unavoidable. Therefore, this online training course also offers advice and guidance to participants on how to manage dismissals fairly and effectively.

Course Objective

At the end of this programme, Delegates will;

• Understand the key aspects of talent retention
• More effectively manage Reward systems
• More effectively design a pay structure
• Describe the issues to consider when making promotion decisions
• Describe the methods for enhancing diversity through career management
• Answer the question: How can career development foster employee commitment?
• More effectively manage promotions, transfers, retirement, disciplining and dismissal
• Understand the key aspects of training
• Have a good understanding how to accurately identify immediate or long term training and development needs

Course content

• The Challenge of Retaining Key Employees
• Identifying and spotting talent potential
• The challenge of retaining key employees
• How to win the war for talent?
• Retention methods and models
• Case study: Retaining technical staff in a competitive market

 Reward Management and Designing a Pay Structure

• Reward strategies that are not just based on pay
• How to design and create a benefits and incentives plan
• The psychology of workplace motivation and incentives
• Linking pay to performance and personal improvement
• Building a competency matrix based on real-life performance

 Managing Promotions, Transfers, Retirement and Dismissals

• Employee’s manager’s and employer’s career development roles
• Issues to consider when making promotion decisions
• Transfer, retirement, disciplining and dismissal
• Examples of flexible employment and succession planning
• How to foster employee commitment?
• Competency based evaluations

 Training as a Tool for Retention and Development

• What is training and why is it important?
• Design a training session – examples and case-studies
• Effective learning objectives and planning
• Types of learning / training methods
• Building a coaching, feedback and work-based appraisal system
• Facilitate the training and other forms of learning

Assessment of Training Needs

• How to identify that you have a need?
• What should a training needs analysis cover?
• Identification of needs at the individual, occupation and organisational level
• Residual, present and future needs in a changing world
• Case study: Performing a training needs analysis

Target Audience

• Human resource staff
• HR practitioners
• Line managers

Delivery method: This will include combine lectures, discussions, group exercises and illustrations. Participants will also understand the theoretical and practical knowledge of the topic.

Venue:  

Fee:  

Duration: 1 week

Course Date: May 15th – 19th 2023