Compensation and Benefits Masterclass

INTRODUCTION

C&B accounts for a sizable portion of the organization’s budget. As current economic and commercial situations necessitate a change away from traditional compensation systems, there is a tremendous need for creative C&B solutions.

A well-balanced C&B programme has a significant impact on an organization’s effectiveness by attracting and keeping the proper individuals, fostering a pay-for-performance culture, and developing competitive compensation plans. Similarly, a well-designed C&B package is essential for motivating staff to boost organizational efficiency.

This programme is intended to incorporate both conventional practices and developing trends in C&B management that may be copied to offer significant value to your firm. The themes have been carefully chosen to give HR professionals with a complete insight and learning about essential facets of the industry.

COURSE METHODOLOGY

This course is designed in the form of workshop which will includes a variety of learning tools to help participants function effectively and efficiently in a multifunctional environment through various methodologies including;

• Short lectures
• Brainstorming
• Case studies
• Group activities
• Role playing

COURSE OBJECTIVES

The attendees of this Certificate Program will be able to:

• Create pay systems that are consistent with the business culture and values by employing correct point plans and job grading
• Use point and job grading to conduct job evaluations.
• Create a comprehensive wage structure and compensation systems that are consistent with values.
• Make hardship programmes, incentive-based rewards, skill-based programmes, and hot skill programmes.
• Establish wage evaluations, benchmarking, and yearly increment policies.

WHO SHOULD ATTEND THIS COURSE?

• HR Business Partners
• Finance Managers
• Payroll/Accounts Executives
• Anyone who is seeking improvement in skills for enhanced performance and career development

TARGETED SKILLS

• Analytical thinking
• Initiating action
• Formulating concepts and strategies
• Applying expertise