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2012
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Home Programs Human Resources Management Compensation and Benefits
Compensation and Benefits
Program Objectives:
By the end of the program, participants will be able to:
  • Explain the basic principles and major elements of compensation.
  • Use the various processes in compensation: Job Analysis, Job Descriptions and Job Evaluation.
  • Determine and explain what constitutes a sound and effective compensation and benefits program.
  • Design a salary structure and related policies.
  • Construct the basic compensation survey process.
This program is designed for:

Professionals working in the function who wish to acquire relevant knowledge and skills, and those working in other areas of Human Resources who wish to broaden their understanding of this important function.

This program is worth 25 NASBA CPEs.

Fees in US$:

Per participant $3,800
Frequent nomination $3,420

(including coffee breaks and a buffet lunch daily)

Discount Plans, Refunds & Cancellations Policy
Locations & Dates:
19 - 23 Feb 2012
Dubai, English
Completed
24 - 28 Jun 2012
Kuala Lumpur, English
Register
07 - 11 Oct 2012
Dubai, Arabic
Register
Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time.
One extra free place for every 2 paid nominees
Delivery Type: Group-Live
Pre-requisites: None
Related Programs:
HR Certification Institute (HRCI)

The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit.
Program Outline

Managing Compensation ? An Overview

  • Compensation Objectives, Components and Factors Affecting Compensation
  • An Effective Compensation Management System

Job Analysis and Job Descriptions

  • The Need for Job Descriptions
  • Principal Approaches to Job Analysis
  • Carrying Out the Job Analysis Process
  • The Main Components of a Meirc Job Description
  • Job Description Writing ? Practical

Job Evaluation

  • Job Evaluation Defined
  • Job Evaluation Methods
  • The Hay System: An Overview
  • The Meirc System Explained
  • Job Evaluation Guidelines
  • Job Evaluation ? Sources of Error

Compensation Systems

  • Main Compensation Policies
  • Factors Affecting Pay Levels
  • The Economic Factor in Compensation
  • Paying for Competence

Basic Salary Structures

  • One or More Structure ? Regional Practices
  • Salary Structure Design
  • The Right Number of Grades
  • Spread and Progression

Allowances as Part of Total Pay

  • Purpose of Allowances
  • Nature of Work Allowances
  • Non Nature of Work Allowances
  • Regional Practices

Understanding Benefits

  • Definition and Purpose of Benefits
  • Categories of Benefits
  • Regional Practices
  • Managing an Effective Benefits Program
  • Main Features of a Long Term Benefit Plan

Introduction to Compensation Surveys

  • Purpose of Surveys
  • Designing and Carrying Out a Compensation Survey
  • Compensation Survey Reports ? Content

Frequently Asked Questions

  • Answers to Questions on Compensation and Benefits you Never Knew you Had