TOTAL REWARDS PHILOSOPHY DEVELOPMENT L4 POWERED BY SHRM (SF)
WSQ Diploma in HR

TOTAL REWARDS PHILOSOPHY DEVELOPMENT L4 POWERED BY SHRM (SF)

Funded

Course Duration

22.0 hr(s)

Mode of Assessment

Written Assessment, Case Study

Who Should Attend

  • Executive level HR Professionals
  • HR Professionals in positions of influence and partnership with business leaders
  • Aspiring HR Professionals planning a career switch to HR

All levels of HR professionals especially those who are in position of influence and partnership with business leaders. Professionals who are planning a career switch to HR would find this module very useful in providing the necessary knowledge and skills to do the transition.

Course Overview

Our Total Rewards Philosophy Development Level 4 course, accredited by the Society for Human Resource Management (SHRM) and aligned with WSQ HR Diploma standards, promotes effective HR management. This advanced programme covers the Total Rewards Compensation Philosophy, which encompasses direct and indirect remuneration approaches that employers use to attract, recognise, and retain workers. This course equips HR professionals with comprehensive skills in designing and implementing compensation and reward strategies.

Learners will explore key concepts such as pay equity, benefits optimisation, performance-driven incentives, leave, prerequisites, and retirement, gaining practical insights essential for the WSQ Diploma in Human Resources. Upon successful completion of the 8 modules powered by SHRM standards, learners can empower themselves to excel in today's dynamic HR landscape.

In Partnership with

Course Schedule

Next available schedule

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Course Objectives

At the end of the module, participants will be able to:

  • Discuss key issue that affect compensation structures and systems
  • Design a compensation structure
  • Administer and maintain a compensation system that aligns with an organisations mission and vision
  • Effectively communicate details of compensation plans, both initially and when they are changed
  • Describe incentive pay and types of pay plans for select employees.

Pre-requisites

The admission requirements are:

  • Read, write, and speak English at WPL Level 5
  • At least 2 years of working experience in Executive roles.
  • Learners are assumed to be able to speak, listen, read and write English at a proficiency level not lower than the Employability Skills Workforce Skills Qualification (ES WSQ) Workplace Literacy (WPL) Level 5.
  • Hardware & Software
    • This course can be conducted as a Physical or Virtual Live Class (VLC) via Zoom platform.
    • Participants must own a Zoom account and have a laptop or a desktop with “Zoom Client for Meetings” installed. Download from zoom.us/download.

System Requirement

Must Have:
Please ensure that your computer or laptop meets the following requirements.

  • Operating system: Windows 10 or MacOS (64 bit or above)
  • Processor/CPU: 1.8 GHz, 2-core Intel Core i3 or higher
  • Minimum 20 GB hard disk space
  • Minimum 8 GB RAM
  • Webcam (camera must be turned on for the duration of the class)
  • Microphone
  • Internet Connection: Wired or Wireless broadband
  • Latest version of Zoom software to be installed on computer or laptop prior to the class.

Good to Have:

  • Wired internet connection
    Wired internet will provide you with stable and reliable connection.
  • Dual monitors
    Using a dual monitor setup will undoubtedly improve your training experience, enabling you to simultaneously participate in hands-on exercises and maintain engagement with your instructor.

Not Recommended:
Using tablets is not recommended due to their smaller screen size, which could cause eye strain and discomfort over the course of the program's duration.

Course Outline

1. Introduction to Compensation

  • Total Rewards Compensation Philosophy
  • Direct versus Indirect
  • Trends in Compensation Approach

2. Legal Concepts that Impact Compensation

  • Employment Laws
  • Laws versus Policies
  • Standards (legal) versus Best Practices

3. Designing a New Compensation Structure

  • Tying Compensation to Business Needs and Organisational Culture
  • Compensation as a Part of Total Rewards
  • Broad banding

4. Implementing, Administering, and Maintaining a Compensation System

  • Issues with Pay Adjustments or Pay Administration Decisions
  • Compliance
  • Pay Increases
  • Pay Variations
  • Measuring Effectiveness Evaluating the Compensation System

Certificate Obtained and Conferred by

Statement of Attainment (SOA) from SkillsFuture Singapore
After passing the assessment(s), participants will receive a SOA from SkillsFuture Singapore, certifying that they have achieved the following Competency Standard(s):

  • HRS-HRM-4022-1.1 Total Rewards Philosophy Development

After passing the assessments of these 8 courses:

  • Strategic Workforce Planning L4 powered by SHRM (SF)
  • Employee Engagement Management and Relations L4 powered by SHRM (SF)
  • Human Resource Advisory and Role as HR Business Partner L4 powered by SHRM (SF)
  • Human Resource Practices and Implementation Strategies L4 powered by SHRM (SF)
  • Learning and Development Strategy and HR Development L4 powered by SHRM (SF)
  • Talent Management L4 powered by SHRM (SF)
  • Human Resource Analytics and Insights L5 powered by SHRM (SF)
  • Total Rewards Philosophy Development L4 powered by SHRM (SF)

participants will receive a SOA from SkillsFuture Singapore, certifying that they have achieved the following Competency Standard(s):

  • WSQ Diploma in Human Resources

Fees and Funding

Medium of Instruction: English
Trainer to trainee ratio: 1:20
Mode of Delivery: Either Virtual Live Class (VLC) via Zoom or Physical class

Assumed skills and knowledge for this unit

Learners are assumed to be able to:

  • Manage relationships with various stakeholders through the demonstration of effective interpersonal, communication and negotiation skills
  • Have a global mindset to work effectively with stakeholders from a range of cultural environments
  • Work with models and methods for the management of organisation and development of human resource activities, services and programmes
  • Work with privacy and confidentiality considerations that govern all human resource transactions

Price:

Course Fee and Government Subsidies

  

Individual Sponsored 

Company Sponsored 

 

Non-SME 

SME 

Before GST 

After GST 

Before GST 

After GST 

Before GST 

After GST 

Full Course Fee
(For Foreigners and those not eligible for subsidies)

$850.00

$926.50

$850.00

$926.50

$850.00

$926.50

For Singapore Citizens aged 39 years and below
and
For all Singapore Permanent Residents
(The minimum age for individual sponsored trainees is 21 years)

$425.00

$501.50

$425.00

$501.50

$255.00

$331.50

For Singapore Citizens aged 40 years and above

$255.00

$331.50

$255.00

$331.50

$255.00

$331.50

 

Funding Eligibility Criteria:

Individual Sponsored Trainee

Company Sponsored Trainee
  • Singapore Citizens or Singapore Permanent Residents
  • From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses
  • The trainee must pass all prescribed tests / assessments, and attain 100% competency
  • NTUC LearningHub reserves the right to claw back the funded amount from trainee if he/she did not meet the eligibility criteria
  • Singapore Citizens or Singapore Permanent Residents
  • From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses
  • The trainee must pass all prescribed tests / assessments, and attain 100% competency
  • NTUC LearningHub reserves the right to claw back the funded amount from the employer if trainee did not meet the eligibility criteria

Remarks:

Individual Sponsored Trainee

Company Sponsored Trainee

SkillsFuture Credit:

  • Eligible Singapore Citizens can use their SkillsFuture Credit to offset course fee payable after funding.

UTAP:

  • This course is eligible for Union Training Assistance Programme (UTAP).
  • NTUC members can enjoy up to 50% funding (capped at $250 per year) under UTAP.

PSEA:

  • To check for Post-Secondary Education Account (PSEA) eligibility for this course, visit
    (a) SkillsFuture (TGS-2021007089) for Virtual Learning Class (VLC)
    (b) SkillsFuture (TGS-2020504990) for Face-to-Face class
  • Scroll down to “Keyword Tags” to verify for PSEA eligibility.
  • If there is “PSEA” under keyword tags, the course is eligible for PSEA.
  • And if there is no “PSEA” under keyword tags, the course is ineligible for PSEA. 
  • Not all courses are eligible for PSEA funding.

Absentee Payroll (AP) Funding: 

  • $4.50 per hour, capped at $100,000 per enterprise per calendar year.
  • AP funding will be computed based on the actual number of training hours attended by the trainee.
  • Note: Courses / Modules under the Professional Conversion Programme (PCP) will not be eligible for AP funding claim.

 

Union Training Assistance Programme (UTAP)

NTUC members can enjoy the UTAP* benefit of up to $250 each year when they sign up for courses with NTUC LearningHub

* UTAP supports 50% of the course fees paid cap at $250 per year. You must be a union member throughout the course duration and at the time of claim. You must achieve a minimum of 75% attendance for each application and have sat for all prescribed examinations. Other terms and conditions apply.

Terms & Conditions apply. NTUC LearningHub reserves the right to make changes or improvements to any of the products described in this document without prior notice.

Prices are subject to other LHUB miscellaneous fees.

For more information, please contact us at +65 6336 LHUB (5482) or email ibe@nextu.com.sg

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