Foundational Reward Standards
The Foundational Reward Standard modules have been refreshed with the intention to establish consistency and set a professional baseline in the industry for our community.
Access to this course is available to SARA Members, providing aspiring reward professionals with a solid foundation and framework for designing reward practices, policies and processes. Completion of the course also serves as preparation for embarking on the GRP Certification Pathway.
Foundational Reward Standard Modules
The modules covered by this programme are as follows:
- Reward Strategy and Management - This module outlines the best practices required to implement a holistic approach to reward strategy and management in an organisation.
- Job Profiles - This module aims to ensure: consistency, objectivity, and transparency in the development and use of job profiles in organisations.
- Job Evaluation – This module explores the process of determining, without regard for personalities or personal competencies, the worth of one job relative to another and of measuring the intrinsic worth of the job.
- Fixed Pay – This module explores the practices to consider when determining fixed pay - the remuneration an employee will receive, regardless of performance.
- Benefits – This module covers the standards for benefits, and relates to the employee value proposition (EVP) embedded in benefits. It positions how benefits should be integrated into the reward framework of the organisation.
- Performance Management - This module focuses on the practices for employee performance management that are the key to the success of any organisation.
- Variable Pay - This module looks at standard practices relating to variable pay, and the different approaches that need to be considered.
- Governance & Reporting – This module looks at how Reward Governance plays out in the context of organisaiton, legislation and best practice codes.
- International Assignments - This module looks at how International Assignments can be utilised to maximum effect.
Modular approach:
Each module is a stand-alone topic that has its own table of contents.
At the end of each module is a quiz to complete. This is aimed at giving you some self-insight into the knowledge that you have gained during your progress through the module, as well as highlighting areas that you may need to re-visit.
The Foundational Reward Standard modules are only available to paid up SARA members, click here to apply, if you are using the system for the first time, select 'Create Account'.