Programme Overview
In today’s dynamic talent landscape, employees seek more than just competitive pay. They increasingly value a holistic work experience that supports their professional growth, personal well-being, and long-term career development. Organizations, therefore, need to move beyond traditional compensation approaches and adopt a more integrated view of rewards. Total rewards frameworks address this shift by combining financial compensation with benefits, well-being initiatives, career development opportunities, and recognition mechanisms. When thoughtfully designed, these systems create a compelling employee value proposition that motivates individuals while aligning their contributions with organizational goals.
This MDP on Total Rewards Strategy is designed to equip HR professionals and business leaders with the knowledge and practical frameworks required to design, implement, and manage effective reward systems that enable organizations to attract and retain high-quality talent, reinforce performance-oriented cultures, and support sustained business success. By aligning rewards with both employee aspirations and business priorities, organizations can build a more engaged workforce and develop the capabilities needed to thrive in an increasingly competitive, evolving business environment.
Programme Objective
This programme aims to provide participants with the strategic mindset, tools, templates, and frameworks needed to address key compensation and benefits challenges within their organizations. By the end of the program, participants will be able to:
- Develop the capability to design and articulate a total rewards philosophy aligned with organizational strategy
- Gain insights into the foundations of job evaluation, pay mix, and pay range
- Design various short-term incentive (STI) systems that align employee performance with immediate business priorities
- Explore ESOPs and various long-term incentive (LTI) frameworks that support sustained performance and retention
- Build analytical approaches for compensation review, budgeting, and distribution of annual salary increase pools
- Learn practical approaches to designing benefits and well-being programs that enhance employee morale and job satisfaction
Key Topics
Foundations of Strategic Rewards
- Total rewards philosophy and reward strategy
- Job evaluation fundamentals and compensation benchmarking
- Pay ranges, salary bands, and internal equity
- Pay-for-performance principles
- Determining the right pay mix across roles and levels
Incentives and Performance Alignment
- Designing effective short-term incentives (STI)
- Sales compensation design and productivity-linked incentives
Incentives and Retention Strategies
- Long-term incentive (LTI) concepts and vesting mechanisms (ESOPs)
- Time-based vs performance-based vesting approaches
- Linking compensation to long-term business outcomes
Compensation Governance and Budgeting
- Managing annual compensation review processes
- Allocating and optimizing salary increase budgets
Benefits and Emerging Reward Practices
- Designing employee benefits portfolios
- Contemporary trends in Health, wellness, and well-being benefits
Programme Directors
Who May Attend
Mid-senior level HR Professionals, Experienced Business Managers (responsible for business units/departments/teams), and Management Consultants.
Programme Duration and Delivery
- From the morning of August 31, 2026 till the afternoon of September 02, 2026
- Face to face - classroom based
Pedagogy
This program employs a dynamic and interactive learning approach that blends expert-led lectures, hands-on exercises, engaging class discussions, real-world case analyses, curated readings, workshops, and resources to deepen understanding and reinforce learning.
How to Apply
- You can apply/nominate your personnel by clicking on the “Apply Now” link corresponding to the particular MDP, as appearing on our online calendar available at: https://iimcal.ac.in/mdp/mdp-calendar
- Once the candidature(s) is (are) approved, the sponsoring authority or participant (in case of self-nomination) will be intimated over email along with a Proforma Invoice seeking programme fees in advance.
- Programme fees can be remitted online through Electronic Fund Transfer (NEFT/RTGS).
- Upon remitting the fees online, kindly intimate Executive Education Office with the UTRNo. /relevant transaction details through email, so that we can connect your remittance to your nomination(s). Please note that confirmation of participation is subject to receipt of Programme fees by CMDP Office before commencement of the MDP.
For further assistance, please connect with:
Name: Ms. Payel Majumder
Number: +91 33 7121 6012
Email ID: program_mdp[at]iimcal[dot]ac[dot]in
Apply Now
To apply please click on Apply Now
For further queries, please write to program_mdp[at]iimcal[dot]ac[dot]in