United Kingdom

Reward Training Academy

Aon Academy is a series of short, interactive and high-impact training courses on the key aspects of HR and reward management.

Taught by leading Aon Hewitt HR and reward specialists, and attended by professionals from some of the most recognisable brands in the country, Aon Academy sets a new standard for HR learning and networking.

We combine essential HR theory and insights from our consultants with group discussions, hands-on workshops and exercises to help you understand the bigger picture, hone your practical and teamworking skills and enable you to navigate complex day-to-day HR challenges with knowledge and confidence.

Reward Fundamentals

Reward Fundamentals is an introductory course for HR and compensation & benefits professionals learning about and practicing in reward.

This intensive two-day course provides a thorough overview of all key areas of reward that are pertinent for successful organisations today.

The course balances theory with practical application and case studies. During the course you will participate in developing a reward strategy, and associated reward programmes and policies, for an organisation.

You will draw on the concepts, tools and techniques covered in the course on a daily basis and the course take-away material will serve as an important ongoing source of reference.

Reward Strategy

Reward Strategy is an interactive and practical one-day course exploring the principles of creating a competitive reward strategy, and building knowledge through group discussions, case studies and various action planning exercises.

You will gain the theory, skills, and specialist knowledge needed to develop an effective reward strategy, adding to the success and long-term development of your organisation.

On successful completion of the course you will be able to:

  • Understand how reward fits into the overall organisational strategy
  • Combine the business and people requirements to identify and address the key reward challenges
  • Build a strategy to ensure a targeted and effective spend of the reward budget
  • Balance different approaches to the various elements of reward to devise an optimal reward plan in line with business objectives and wider external context
  • Implement a fair and flexible approach that prioritises actions and ensures organisational buy-in.

Variable Pay

Variable Pay Design is an interactive introductory course for HR and reward professionals wishing to learn about variable pay and short-term bonus and incentive plan design and management.

The course will help you understand how variable pay fits into the overall remuneration strategy. It will explore the different types of variable pay - individual bonuses, profit sharing, team bonuses etc. - and the key elements that make a variable pay plan work, as well as the most common roadblocks to its success.

And, most importantly, it will give you clear arguments as to the business case and the risks of variable pay and the questions you should be asking when introducing or adjusting variable pay plans in your organisation.

On successful completion of the course you will be able to understand:

  • Key differences between variable pay and other forms of compensation
  • Major types of variable pay: individual and management bonuses, team pay, profit sharing and gainsharing plans
  • Drivers, rationale and business case for variable pay and the particular type adopted
  • Importance of communication and line management of plans at launch and for ongoing operation
  • Drafting rules and procedures for plans.

Excel

Excel Training for Reward Professionals is an intensive one-day course that will teach you best practice in the design of spreadsheets, the most efficient use of core and advanced Excel features and essential functions often not fully utilised by reward professionals.

On successful completion of the course you will be able to:

  • Identify the organisational context and needs of your audience so that you can better tailor the process, tools and analysis
  • Understand the principles and practical application of spreadsheet design to minimise risk, and eradicate time-consuming manual editing
  • Set up data management systems that store, collate and report data in a way that minimises errors and time investment
  • Have the flexibility to produce concise and meaningful data analysis.

Job Grading and Base Pay Management

Job grading and base pay management is an intensive one-day introductory course for HR and reward professionals wishing to learn about the purpose, methodology and practical implementation issues of the job grading process, and the key principles of effective base pay management.

The course balances theory and discussion with practical application and real life case studies.

During the course you will gain an understanding of how job grading and evaluation approaches fit with organisational business strategy, and learn how to design a grading structure that is workable, representative and fair. You will also learn how to set, adjust and manage base pay, and perform effective and accurate market benchmarking. A number of practical case studies will be presented and analysed during the day to practise the tools and techniques provided.

 

Aon Consulting Limited is authorised and regulated by the Financial Conduct Authority.

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