Detailed Programme

The programme ‘Compensation & Benefits Management’ consists of 5 modules. Topics discussed:

Module 1: Total rewards
The ‘Vlerick Reward Model’ is the reference point for this module. This model incorporates all different domains that, according to Prof Xavier Baeten, form a crucial part of a true strategic reward policy.

  • Total rewards: building blocks and employee perspective
  • Reward strategies: key ingredients
  • Developing a retention policy by using the concept of Strategic Reward Management
  • Business testimonial 'strategic reward management': a strategic reward policy rolled out.
  • Reward Communication as a driver for understanding and appreciation

Module 2: From business context to reward policies
In this module we discuss the business strategy and its link to the reward strategy. How does the strategy of your organisation influence the different aspects of your reward policy?

  • Rewarding’s external business context: the impact of the legal, social and economic context on reward management
  • Developing reward policies that enhance strategic alignment

Module 3: Reward Systems

  • Base pay and variable pay
  • Function classification as the foundation of your reward structure
  • Link between performance, competences, potential, retention and rewarding
  • Reward systems for executives

Module 4: Employee benefits and specific reward topics
During this module a lot of practitioners will share their expertise in one of the domains of Compensation & benefits.

  • Benchmarking
  • Flexible rewarding

During the second part of this education, you will be given the chance to choose some topics, in order to tailor the programme more to your needs.

  • Sales force compensation
    Rewarding a sales force for optimal performance in line with the business strategy has always been a challenge. This session covers best practices and strategies to improve your sales force by using compensation and benefits. Practical examples and case studies will be used during this session
  • Legal implications of Compensation & Benefits in Belgium
    High labour cost in Belgium has led to a great creativity when thinking of alternative reward systems. From the meal voucher, to eco cheque, from the result bonus and warrants to the bonus pension scheme and from the company car to the mobility budget, all these advantages have their own legal framework In this session we will focus on CAO90, cafeteria plans and warrant plans. The goal is not to discuss the practical modalities of each of these systems. We want to offer you a global framework: How can existing benefits be translated in (fiscal) attractive alternatives? Which opportunities are there and what are the (dis)advantages? How do you communicate to your employees, without having to fear for claims afterwards?
  • Legal implications of Compensation & Benefits in the Netherlands
    During this workshop we take a look at the latest changes in the expense allowance scheme. We will tackle the theory, as well as case examples. Furthermore we highlight some current changes in the field of employee benefits and the application for the cafeteria plan, company car, etc.
  • Pension schemes in Belgium
  • Pension schemes in The Netherlands
Module 5: Integration day

During the integration day we will organise a workshop on the Reward Audit of your organisation. In small groups the participants will share their best practices and main obstacles considering some specific topics of Compensation & Benefits Management.  

A learning experience like no other

When you come to Vlerick, you step away from your usual routine and gain a wider perspective. You discover how to tackle challenges, turn your knowledge into action and apply your skills in your workplace. You learn from faculty who are experts in their fields – and from a diverse group of peers. All these things help you become a confident, skilled professional, ready to succeed in business – and in life.

Vlerick Learning Experience

Xavier Baeten on Remuneration Communication


Drive real change in your organisation

A learning experience with real impact on your operations? A management programme tailored to the specific needs of your business? Contact us and discover how we can design and deliver customised programmes for your team that add genuine value to your organisation.

Need help?

Contact our Programme Advisor
Programme Advisor
Tel + 32 9 210 98 84
[email protected]
Find the programme most relevant for you!

Download our programme calendar

Meet Us

Info Sessions & Open Days
02 Feb
Meet our programme advisor online
Category: General Info Sessions

01 Mar
Info Session Executive Education & MBA
Category: General Info Sessions

30 Mar
Experience Vlerick Over Lunch
Category: General Info Sessions

No. 1 for Executive Education

Related Articles

  1. Millennials still have high expectations of employment market, but Covid-19 dampens optimism

    The expectations final-year students have of their first job are still high. Good communication with their colleagues, a sociable atmosphere and plenty of opportunities for training are at the top of the list. What is more, these millennials prioritise career security over job security. They consider their relationship with their first employer to be temporary, expecting to work for a whole range of different companies during their working life. However, the Covid-19 outbreak has toned down their optimism about the future. Now afraid that fewer jobs will be available to suit their skills and qualifications, they are once again attaching greater importance to job security.
  2. Variable remuneration for top managers may have negative impact on profit

    If companies want to boost their short-term profitability, the best way to do it is to grant a high remuneration level and commit strongly to incentives such as bonuses and share-related reward schemes. It is striking, however, that this has a boomerang effect on the company’s longer-term financial performance. As it turns out, high variable pay and a strong emphasis on profitability criteria have a negative impact on company profits. This is a remarkable finding in the annual survey of top salaries by the Executive Remuneration Research Centre.
All articles