Compensation and Benefits Management

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