Business Acumen for Compensation Professionals | C8 – Ireland
Qualification Information

Know how your business works and recognise the relationship between the compensation plan and the bottom line

In this competitive, global economy reward professionals are expected to go beyond the technical aspects of the job and think like a businessperson. In fact, strategic business understanding was one of eight key differentiators of top performers according to the WorldatWork 2012 Total Rewards Professionals' Career Census.

To gain this understanding, you must embody business acumen skills – knowing what's going on around you and how the business works internally and externally. Having a keen sense of business knowledge is essential for better decision making and driving long-term positive results for your organisation.

This module covers the essential skills, behaviours and actions that support the understanding and development of business acumen – helping you to learn to see "the big picture," understand finance concepts, recognise the important relationship between compensation plans and the bottom line and make wiser decisions.

  • Learn what it takes to apply key business acumen skills and behaviors
  • Understand, evaluate, and articulate the relationship between compensation and business outcomes
  • Grasp essential financial concepts
  • Know how your business works and recognise the relationship between the compensation plan and the bottom line
  • Strengthen communication skills

What you will learn

Module 1: Introduction to business acumen

  • Business acumen skills and behaviours and key competencies
  • Importance of business acumen to organisations and individuals
  • The global rewards framework
  • Role of the compensation professional

Module 2: Knowing how business works

  • Competitive strategies and market position
  • Allowances
  • Business life cycle

Module 3: Financial literacy

  • Basics of financial reports
  • Common profit measures
  • Common metrics

Module 4: Evaluating the business

  • Key performance indicators
  • The organisation's bottom line and its impact on compensation
  • Common tools and approaches for evaluation

Module 5: Communication and connections

  • Building a knowledge network
  • Identifying resources and where data comes from
  • Importance of fact-based communication
  • Engaging and contributing to discussions with non-compensation colleagues

Who should register

This course is intended for those individuals who are pursuing the GRP. The course has been designed to provide critical insights around business acumen and explores how the compensation professional can leverage these insights to maximise their role within their organisation.

UK TEACHING FACULTY

Our panel of instructors has been recruited from the world's most respected and qualified practitioners, consultants and educators. These highly-experienced experts have dedicated their careers to the total reward profession. They will provide you with the critical advantage of showing you how to apply the facts and theory to real-life business situations that affect your organisation's bottom line.

The members of the UK teaching faculty providing our reward management classes are as follows:

Debra Corey
Debra Corey
Group Reward Director, Reward Gateway

Debra is Group Reward Director at Reward Gateway. She is an experienced reward professional who has held senior roles at global organisations such as PageGroup, Merlin Entertainments, Honeywell and Gap. Corey has led and been a part of teams that have developed and delivered best-in-class reward programmes which have been externally recognised as well as internally impactful. In her "spare time" she teaches reward professional courses, writes articles, and speaks at various conferences. She recently published her first book, Effective HR Communication, which was released in March 2016.

Brid Cudmore
Brid Cudmore
Consultant, Gurren Compensation Ltd

Brid is a Consultant with Gurren Compensation, and is based in Ireland. She is a compensation & benefits generalist with over 25 years' experience. She was worked for several US multinational companies including Intel and Western Digital, and has broad international experience in HR, compensation, benefits, performance management and mergers & acquisitions. During her 16 years with Intel, Brid held a number of senior C&B roles in Ireland and mainland Europe. Having worked with Intel's mergers & acquisitions HR Group for a number of years, Brid has a wealth of experience in managing and aligning C&B programmes and strategies in such companies.

Since joining Gurren Compensation in 2009, Brid has worked with a range of clients in Ireland, Europe, China and the US, providing advice and implementation on C&B strategy and programmes.

Evan Davidge
Evan Davidge
Head of Reward, Arup

Evan is an independent reward consultant working on a retained basis as Head of Reward at Arup. He has over 20 years' reward practitioner experience gained across various sectors including the armed forces, financial services and central government. Evan mainly specialises in employee benefits and total reward solutions. He is a Chartered Member of the CIPD and a founder member of Reward Consulting Partners.

Alan Gibbons
Alan Gibbons
Managing Director, The Reward Practice

Alan is Managing Director of The Reward Practice and is one of Europe's best-known rewards professionals. He had been a Rewards Consulting Partner with both KPMG and PwC, and was also the Global Heads of Reward and Performance Management at Accenture until founding the Reward Practice with a number of former colleagues.

Over the last 25 years, Alan has worked with a large number of Fortune 500 and FTSE 100 companies and has specific rewards experience in banking, retail, brewing, manufacturing, communications and hi-tech companies. He has helped a range of companies with mergers and acquisitions, and has a reputation for getting things done. In the public sector, he has worked extensively in the health service, the police and prison services, and in the education sector. His interests are varied, and currently include the design of more effective incentives, the reduction in HR costs, value-based rewards programmes and the link between risk and rewards in banking.

Pat Gurren
Pat Gurren
Founder of Gurren Compensation Ltd

In 2004, Pat founded Gurren Compensation. Prior to starting his own consulting business, he held a number of senior HR and comp & ben positions for leading multinational companies, including Digital, Intel and Motorola. During his ten-year career with Intel, Pat held positions as C&B Manager for Ireland, Asia Region C&B Director, Europe Region C&B Director and Global Head of C&B Operations. Since founding Gurren Compensation, Pat has worked with numerous clients across all industry sectors on the design and implementation of reward strategies that effectively align with business strategy and organisational goals.

Pat is a certified Global Remuneration Professional (GRP), a Fellow of the CIPD (FCIPD) and a partner at The Reward Practice. He has a wide range of performance improvement and reward management interests and is viewed as an expert in the design of pragmatic HR cost management and cost reduction strategies for organisations needing to reduce costs in a well-structured manner.

VENUE AND ADMIN. DETAILS

Please email us for more admin. details about our Dublin courses.

The venue for our comp & ben courses

E-reward.co.uk's GRP reward courses are hosted at venues just off Oxford Street in London's West End shopping district, close to Oxford Circus, Bond Street and Marble Arch London Underground stations.

London airports

London is served by five main airports, from the UK's main gateway at London Heathrow to London City Airport in the Docklands. For information on getting to and from London airports to Holborn in central London, visit Transport for London at www.tfl.gov.uk

Special requirements

Please let us know if you have any special requirements as soon as possible so we can plan accordingly.

Hotel accommodation

Delegates are responsible for their own accommodation. There is a huge number of hotels within a mile or so of our venues suitable for most budgets: www.tripadvisor.co.uk/HotelsNear-g186338-d...

The course and exam schedule

Course Days 1 and 2
Registration 8.45am
Course Begins 9.00am
Morning Break 10.45am to 11.00am
Lunch 12.30pm to 1.30pm
Afternoon Break 3.00pm to 3.15pm
Close 5.00pm
Exam Day 3
Registration 8.45am
Exam 9.00am to 12 noon

Do you need a visa?

A questionnaire on the UK Border Agency web site will help you to decide whether you need to obtain a visa before you travel to the UK. It also contains guidance on the type of visa that you might need. The questionnaire is for all foreign nationals who want to come to the UK.

Please visit: www.gov.uk/check-uk-visa

Dress code

Casual.

Refreshments

At registration we will serve you complimentary teas and coffees. Mid-morning break of teas and coffees are served at around 10.45. A light lunch will be served at approx 12.30.

Exam results

Once the exam scripts have been processed (about three weeks after the event), an email will be sent to you from WorldatWork with instructions on how to log into the WorldatWork web site to view your results.

Log into www.worldatwork.org with your ID and password. Click on My Profile in the upper right and then click on My Education Transcripts.

If you don't receive your exam results, please email or call WorldatWork Customer Relations department at customerrelations@worldatwork.org or +1 480-951-9191.

Passwords – if you have forgotten your password, under the log in screen at www.worldatwork.org there are tabs that say "I forgot my password" or "I need a password". If you are still having trouble, you can contact Customer Relations (contact information above).

Exam re-takes

If by chance you are unsuccessful in your exam, WorldatWork Society of Certified Professionals has partnered with Pearson VUE to deliver computer-based certification examinations at city locations throughout the world. The retail rate for an exam only is approx. $200 for members ($270 for non-members). Computer-based testing (CBT) allows you to schedule your exam for the date, time and location that work best for you.

Registration for your exam must be made with WorldatWork, either online at www.worldatwork.org or by calling Customer Relationship Services at +1 480-951-9191 outside of the U.S. and Canada. (Your complete registration and payment must be received before you can schedule your exam.) Your receipt will instruct you to visit www.pearsonvue.com/worldatwork to set up an account with your name and email address.

Certificates

Once all of the exams have been completed (and passed) a GRP certificate is posted to the participant. We suggest that participants keep their certifications current (every three years). Information about re-certification can be found here: www.worldatworksociety.org

We do not offer individual certificates for passing each exam but a participant can make a copy of their transcript under their My Profile information on the WorldatWork web site if they need a list of what they have taken.

TERMS AND CONDITIONS FOR E-REWARD.CO.UK COURSES

THE FOLLOWING TERMS AND CONDITIONS APPLY TO THE DELIVERY OF EDUCATION COURSES BY E-REWARD.CO.UK LTD (INCLUDING MASTERING REWARD COURSES; WORLDATWORK GLOBAL REMUNERATION PROFESSIONAL CERTIFICATION [GRP] COURSES AND EXAMINATIONS [PROGRAM]; IN-HOUSE AND CUSTOMISED TRAINING COURSES).

These terms and conditions apply between the person, firm, company or other entity specified on your booking form and E-reward.co.uk Ltd (company number: 4281768). Registered in England and Wales. Registered office 33 Denby Lane, Heaton Chapel, Stockport, Cheshire SK4 2RA, United Kingdom for delegate registrations for the course (including Mastering Reward courses, GRP courses with exam and in-house training courses) specified on your booking form (‘Course’).

Please read these terms and conditions carefully as they contain important information.

By submitting your registration to attend the Course you agree to be bound by these terms to the exclusion of all other terms. If you do not agree to be bound by these terms E-reward.co.uk Ltd will be unable to accept your registration.

Payment

You will pay E-reward.co.uk Ltd any fees specified in your booking form for the Course. Payment to E-reward.co.uk Ltd in GBP British Pounds is by BACS, wire transfer, cheque or credit card. It is a condition of booking that payment must be received by E-reward.co.uk Ltd before the start of the Course or no later than 30 days from the date of invoice, whichever is sooner.

If payment of your fees in full is not received before the Course, E-reward.co.uk Ltd may (at its sole discretion) either require such payment as a condition of your entry to the Course or refuse you entry to the Course.

Prices for each Course, where applicable, are correct at the time of publication. We reserve the right to change the prices at any time but changes will not affect registrations which have already been confirmed by E-reward.co.uk Ltd.

Each ticket covers attendance for one person only for the duration of the Course, and includes coffees, teas and light snacks during the lunch hour, as well as course materials.

All bookings are subject to value added tax (VAT) at 20%. You shall, on receipt of a VAT invoice from E-reward.co.uk Ltd, pay to E-reward.co.uk Ltd such additional amounts in respect of VAT as are chargeable on the supply of the Course.

Late payments

We understand and will exercise our statutory right to interest and compensation for debt recovery costs under the late payment legislation if we are not paid according to agreed credit terms. Under the Late Payment of Commercial Debts [Interest] Act 1998 – as amended and supplemented by the Late Payment of Commercial Debts Regulations 2002 (to incorporate the features of European Directive 2000/35/EC) – we are entitled to charge:

  • Debt recovery costs – £40 on debt up to £999.99; £70 on debt between £1,000 and £9,999.99.
  • Statutory interest – 8% above the Bank of England reference rate (fixed for the six month period within which date the invoices became overdue).
Delegate cancellations

Delegates who advise E-reward.co.uk Ltd of their cancellation in writing via email (to paul@e-reward.co.uk) 30 calendar days or more before the start of the Course will have their fees refunded – less an administration charge of 20% of the Course fees.

No refund will be made for cancellations received less than 30 calendar days before the start of the Course. Failure to attend the Course will be subject to the same terms.

You will not have any right to cancel a Contract for the booking of any customised/in-house training courses.

Delegate transfers

Transfers may be made to any other Course in the UK organised by E-reward.co.uk Ltd subject to space availability. All transfer requests must be made in writing via email (to paul@e-reward.co.uk) 30 calendar days or more before the start of the Course. There will be no fee charged for such transfers. One free transfer can be made for each course booking after which there will be a £100 administration charge for each further request.

Please note: We are unable to accept any transfer requests received less than 30 calendar days before the start of the course and no refunds will be made.

Substitutions with employees from your organisation are welcome at any time at no extra charge. You must email any substitutions (to paul@e-reward.co.uk) prior to the date of the Course.

Joining instructions

Final Course details will be emailed to delegates at least three weeks before the Course.

Course documentation

You will receive your course materials by post (First Class, Standard delivery) ahead of the Course. Participants registering 0-14 days before the start of the Course will receive their course materials on arrival for registration on Day one of the Course.

Hotel accommodation

Delegates are responsible for their own accommodation.

Course cancellations and amendments

The Course programme is correct at the time of going to press.

E-reward.co.uk Ltd reserves the right to change the format, speakers, venue location and programme or any other aspect of the Course at any time and for any reason, whether or not due to a Force Majeure event, in each case without liability.

‘Force Majeure Course’ means any event arising that is beyond the reasonable control of E-reward.co.uk Ltd including (without limitation) speaker or participant cancellation or withdrawal, supplier or contractor failure, venue damage or cancellation, health scares, industrial dispute, governmental regulations or action, military action, fire, flood, disaster, civil riot, acts of terrorism or war.

E-reward.co.uk Ltd reserves the right to change the date or cancel a Course at any time and for any reason without notice. Where circumstances force E-reward.co.uk to cancel a Course, E-reward.co.uk Ltd shall offer you the option of attending any rearranged Course that E-reward.co.uk Ltd chooses to organise.

If you do not wish to accept this offer, then you will (as your sole remedy) be entitled, at your discretion, to receive either a credit note or a refund in respect of your fees received by E-reward.co.uk Ltd for that particular Course.

However, where the Course is postponed for reasons due to a Force Majeure event, any of your fees received by E-reward.co.uk Ltd shall be applied to any rearranged or rescheduled Course and all these Terms and Conditions shall apply to any such transferred booking.

To the fullest extent permitted by the applicable law, E-reward.co.uk Ltd shall not be liable to you for any loss, delay, damage or other liability incurred resulting from or arising in connection with the cancellation or date change of the Course howsoever arising or any venue change.

For the avoidance of doubt, you acknowledge and agree that should the Course date be changed or cancelled, E-reward.co.uk Ltd is not liable for any travel or accommodation costs you may have incurred.

How we use your registration information

E-reward.co.uk Limited is a registered data controller under number Z7317541.

Your Course registration information will be added to our marketing database but will not be given to third parties without your prior consent.

E-reward.co.uk Ltd uses email addresses for its own purposes of keeping customers informed about Courses and providing product, service and information announcements.

If you supply us with your postal address online, you may receive periodic mailings from E-reward.co.uk Ltd with information on new products and services and upcoming Courses.

If you do not wish to receive information about products and services, please let us know by email (to paul@e-reward.co.uk).

Disclaimers

To the fullest extent permitted by the applicable law, E-reward.co.uk Ltd excludes:

  • all liability for loss, injury or damage to persons or property at the Course;
  • all indemnities, warranties, representations, terms and conditions (whether express or implied); and
  • any actual or alleged indirect loss or consequential loss howsoever arising suffered by you or any loss of profits, anticipated profits, savings, loss of business revenue, loss of business, loss of opportunity, loss of goodwill, or any other type of economic loss (whether direct or indirect).

If E-reward.co.uk Ltd is liable to you for any reason, its total liability to you in relation to the Courses (whether under these terms or conditions or otherwise) is limited to the amount of your fees received by E-reward.co.uk Ltd.

Views expressed by the Course instructors are their own. All advice provided at this course is for general guidance only. Any course delegates relying on information or advice given in the course of such training do so at their own risk.

E-reward.co.uk reserves the right to amend these terms and conditions from time to time. However, you will be subject to the terms and conditions in force at the time you submit your registration.

Last updated: 5th July 2017.