Compensation and Benefits Management

Course Info

Length: 1 Week

City: London

Type: In Classroom

Available Dates

  • June-24-2024

    London

  • July-29-2024

    London

  • Aug-26-2024

    London

  • Sep-30-2024

    London

  • Oct-28-2024

    London

  • Nov-25-2024

    London

  • Dec-30-2024

    London

Dates in Other Venues

  • June-17-2024

    Dubai

  • June-17-2024

    Barcelona

  • June-24-2024

    Amsterdam

  • July-01-2024

    Kuala Lumpur

  • July-01-2024

    Istanbul

  • July-08-2024

    Singapore

  • July-08-2024

    Paris

  • July-15-2024

    Barcelona

  • July-15-2024

    Dubai

  • July-22-2024

    Kuala Lumpur

  • July-22-2024

    Amsterdam

  • July-29-2024

    Istanbul

  • Aug-05-2024

    Istanbul

  • Aug-05-2024

    Kuala Lumpur

  • Aug-12-2024

    Singapore

  • Aug-12-2024

    Paris

  • Aug-19-2024

    Dubai

  • Aug-19-2024

    Barcelona

  • Aug-26-2024

    Amsterdam

  • Sep-02-2024

    Istanbul

  • Sep-02-2024

    Kuala Lumpur

  • Sep-09-2024

    Singapore

  • Sep-09-2024

    Paris

  • Sep-16-2024

    Barcelona

  • Sep-16-2024

    Dubai

  • Sep-23-2024

    Amsterdam

  • Sep-23-2024

    Kuala Lumpur

  • Sep-30-2024

    Istanbul

  • Oct-07-2024

    Kuala Lumpur

  • Oct-07-2024

    Istanbul

  • Oct-14-2024

    Singapore

  • Oct-14-2024

    Paris

  • Oct-21-2024

    Dubai

  • Oct-21-2024

    Barcelona

  • Oct-28-2024

    Amsterdam

  • Nov-04-2024

    Istanbul

  • Nov-04-2024

    Kuala Lumpur

  • Nov-11-2024

    Paris

  • Nov-11-2024

    Singapore

  • Nov-18-2024

    Barcelona

  • Nov-18-2024

    Dubai

  • Nov-25-2024

    Amsterdam

  • Dec-02-2024

    Istanbul

  • Dec-02-2024

    Kuala Lumpur

  • Dec-09-2024

    Singapore

  • Dec-09-2024

    Paris

  • Dec-16-2024

    Dubai

  • Dec-16-2024

    Barcelona

  • Dec-23-2024

    Amsterdam

  • Dec-23-2024

    Kuala Lumpur

  • Dec-30-2024

    Istanbul

Course Details

Course Outline

5 days course

 

Introduction to Compensation and Benefits Management

 

  • What is Compensation and benefits management?
  • Benefits of Compensation and benefits
  • Basic principles of Compensation and benefits management
  • Difference between compensation and benefits
  • Designing the compensation and benefits plan
  • Philosophy of reward
  • Pay structures and systems
  • Reward strategies and the psychological contract
  • Job grades and Career mapping
  • Job evaluation
  • Pay surveys

 

Compensation and Benefits - in Context
 
  • Motivation models, money and motivation
  • Performance management and performance related pay
  • Competency frameworks
  • Team rewards
  • Upward and 360 appraisals
  • Contingent pay
Compensation Structure
 
  • Understanding the different components of compensation policies
  • Understanding the components on which the pay levels get affected
  • How much should we pay for competence?
  • Understanding the basic pay scale
  • The grading scale and progression and spread

 

The International Perspective
 
  • International and multinational perspectives
  • The labour market and Human Resource planning
  • Equality and diversity
  • Job analysis
  • Dynamic organisations and change management strategies
  • The changing context and nature of the employment relationship

 

The methodology of Allowances and Benefits
 
  • Understanding the purpose of allowance
  • The different kinds of work allowance
  • Nature and non-nature of work allowance
  • Understanding the importance of benefits
  • Different categories of benefits

 

Employee Involvement
 
  • Employee engagement
  • Employee participation
  • Trades Unions and Employee Representatives
  • Consultation
  • Involvement in and support of change
  • Practical activities

 

Benefits and Compensation Surveys
 
  • Understanding the regional practises and effective management of benefits program and long – term benefits plan
  • Role of compensation surveys
  • Training on preparation of a compensation survey reports
  • Training on carrying out compensation surveys
  • Review of the course and “Question and Answer session”

 

Current Good Practice
 
  • Flexible benefits
  • National minimum wage
  • Commissions and sales staff
  • Profit sharing
  • Case study
  • Action planning

Course Video