Detailed Programme

The programme ‘Compensation & Benefits Management’ consists of 4 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

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.