For most of us, work is more than just a means to make money. We want to contribute, have an impact, make a difference. And on top of that, we want to feel valued.
The right reward strategy can help you achieve this for your employees, using benefits, bonuses and pay to encourage employee loyalty and engagement.
However, while generalist HR courses are easy to come by, reward training options seem to be few and far between. Without it, how can organisations expect their HR teams to develop effective and meaningful strategies to recognise and motivate their teams?
As you look to enhance your career and learn about new areas of HR, more specific and in-depth resources offer a unique competitive edge. This article will delve into how pay and reward training can be a transformative tool for you and your organisation
The Benefits of Pay and Reward Training
1. Skill and Career Advancement
Professional resources and training are the key to acquiring new skills or strengthening existing ones, keeping us on top of industry trends. This continuous learning process not only aids in personal development but also equips us for potential career growth within HR.
Taking the time to learn more about pay and reward specifically could help steer your career in a more specialised direction. If moving away from generalist HR is what you’re looking for, dabbling in an area you are passionate about will not only help get rid of your case of the Mondays—but could land you a new role altogether.
2. Increased Job Satisfaction
Investing in our own development not only gives us a new sense of purpose but can allow us to focus on the areas of our role that matter most. This is a win-win situation for our organisation too. Not only are they getting an upskilled employee, but one that enjoys what they do and has the resources to do it well!
However, if you’re not looking for reward training to change career paths, it’s also a great way to simply boost your confidence in the HR work you do day-to-day. With confidence comes new challenges and achievements that can help progress our careers in more ways than one.
3. Adapting to Change
More generally, training and continuous development also ensure that we are not only proficient but also efficient in our roles.
From learning about new regulations and processes, to upskilling in other areas that can assist HR—such as AI—reward training comes in a variety of shapes and sizes, making it easy for you to find something that can help level up your career.
Our Pay and Reward Academy provides exactly that. We produce new content for our members constantly, making sure we are adding to your repertoire as the industry continues to grow and adapt.
4. Supporting Your Peers
As HR professionals, we know how important a role experienced employees play in mentoring and training newer employees. When we invest in our own learning, not only does it help us to grow but we can then pass on new information and methods to those with less experience.
This is particularly important for maintaining the quality and consistency of work processes and standards within our organisations.
Whether you’re an HR generalist looking to expand your knowledge, or you already specialise—it allows you to improve upon the work already being done. You can suggest new ways of doing things or even support new employees more efficiently with a greater knowledge of the role.
5. Organisational Wins
Training not only builds individual careers but also enhances overall professionalism within our organisation. Employees who demonstrate a higher understanding and a true sense of purpose in their roles can positively influence the organisation’s public image and competitive positioning in the market.
So, if you’re looking for a business case for reward training internally or need some help funding some courses—just forward this article to your boss.
6. Competitive Edge in the Job Market
In today’s competitive job market, having an edge is important but can be difficult to obtain. As we know, the employment landscape is marked by high employee turnover and a fierce war for talent. Any additional training you have under your belt can help leverage your chances when applying for new positions.
The Pay & Reward Academy
3R Strategy wanted to rectify the lack of specific pay and reward training for HR professionals. Our Academy was designed for two main reasons:
- To support reward specialists looking to build their careers.
- To guide HR professionals who want to learn more about this area of pay and reward.
We realised that generalist HR courses are easy to come by, but pay and reward topics like managing pay conversations, carrying out salary benchmarking, and preparing reward communications are few and far between.
Members of the Pay and Reward Academy get access to hundreds of resources and reward training materials designed to help elevate your career, empower employees, and connect you with other professionals through networking forums and online meetings.
Our Director and Founder, Rameez Kaleem said:
“Learning is an ongoing process. We learn through regular reading, training, and connecting with peers facing the same challenges as us. This is why we have developed the Pay and Reward Academy, enabling people to develop their HR and reward careers and champion pay transparency.”
You can join as a free member under our Learn subscription or pay just £19 a month to become a Connect member and access even more areas of the Pay and Reward Academy.
Our vision is to create a future in which organisations can attract and retain top talent through pay transparency, taking a fair and equitable approach to pay and reward. If you want to begin creating a working environment where people feel supported and appreciated, or simply develop your knowledge of wider HR topics, the Pay and Reward Academy has the tools and resources for you.