Compensation and Benefits
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Program Objectives: By the end of the program, participants will be able to: - Understand the basic principles and major elements of compensation.
- Know the various processes in compensation: Job Analysis, Job Descriptions, Job Evaluation and Compensation Surveys.
- Determine and explain what makes up a sound and effective compensation and benefits program.
- Design a salary structure and related policies.
- Understand the basic compensation survey process.
This Program is designed for: Professionals working in the function who wish to acquire relevant knowledge and skills, and for 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. Program Fees: Per participant - USD 3700
Frequent nomination - USD 3330
(including coffee breaks and a buffet lunch daily)
One extra free place for every 2 paid nominees on the same program and dates
Discount Plans, Refunds & Cancellations Policy
Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time. 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
- Principle 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 - Objectives of Compensation
- Main Compensation Policies
- Regional Compensation Practice
- Factors Affecting Pay Levels
- The Economic Factor in Compensation
- Compensation Audit and Control
| | Allowances - Purpose
- Nature of Work Allowances
- Non Nature of Work Allowances
- Regional Practices
Benefits - Definition and Purpose of Benefits
- Categories of Benefit
- Regional Practice
- Managing an Effective Benefits Program
- Main Features of a Long Term Benefit Plan
Introduction to Compensation Surveys - Why We Do Them?
- 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
Breaking News - Up to the Minute News on Trends in Compensation and Benefits as They Happen
| Pre-requisites None
Delivery Type Group-Live | Related Programs |
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