Compensation and Benefits
Learn tools and techniques in grading, compensation, benefits and pay schemes.

About The Program

Organizations spend a significant proportion of their operating costs on pay, incentives and benefits. However, many of them do not have a reward strategy in place, potentially wasting much of this important investment. Through several case studies, you will explore the different processes needed to develop a robust reward strategy.

Course Objectives

    • By the end of this course participants will be able to:

    • Understand key components of Compensation and Benefits.
    • Design a salary structure and related policies.
    • Establish and maintain an organizations pay structure.
    • Understand the impact of various options on the reward programs.
    • Identify different job evaluation methodologies and decide when to apply them.
    • Assess key business, organizational and HR issues that have to be taken into account when developing a reward strategy.
    • Have a clear idea of motivation and economic reward.

Course Outline

    • Module One

    • Definition of Compensation.
    • Pay structures and systems.
    • Reward strategies and motivation impact.
    • Conducting Job analysis.
    • Evaluate jobs and who should be involved.
    • Determine grades for each job.
    • Establishing grade and determine appropriate salary structure in each grade.
    • Job description.
    • Module Two

    • Managing compensation.
    • Effective compensation plan and management system.
    • Competency framework.
    • Understanding benefits and managing an effective benefits program.
    • Designing Pay for Performance Plan.
    • 360 Appraisals.
    • Module Three

    • Increase employee engagement.
    • Driving employee performance.
    • Increase morale and what motivates employees.
    • Employee participation.
    • Employee retention.
    • Encourage company loyalty.
    • Career mapping.
    • Module Four

    • Benefits including vacation, leave, insurance and air ticket allowance.
    • Commissions for sales employees, bonus and other rewards.
    • Long term incentives.
    • Flexible working hours.
    • Monitor feedback.
    • Make changes when required.
    • Balancing internal and external pressures.
    • Designing employee surveys.
    • Interpret survey results and implementing an action plan.

    I am Interested

    12 hours (2 days, 6 hours each day)
    Online Live Classroom / Face to Face
    Please submit above form to receive registration and fee information.
    What is included?
    Certificate of Completion
    Training Material
    Post Training Support
    Lunch and Refreshments
    Free Valet Parking