CERTIFIED COMPENSATION & BENEFITS MANAGER
4.3 /5- Offered byMiddle Earth HR
- Private Institute
CERTIFIED COMPENSATION & BENEFITS MANAGER at Middle Earth HR Overview
Duration | 6 weeks |
Total fee | ₹29,500 |
Mode of learning | Online |
Difficulty level | Intermediate |
Credential | Certificate |
CERTIFIED COMPENSATION & BENEFITS MANAGER at Middle Earth HR Highlights
- Get a certificate of completion from Middle Earth HR
- Covers components of a compensation system, levels of salary benchmarks, reward planning & much more
- Learn from skilled practitioner with in-depth industry experience
- Hands-on experiential learning with project work supported by guides and knowledge center
CERTIFIED COMPENSATION & BENEFITS MANAGER at Middle Earth HR Course details
- For Senior HR, HR Specialist
- For Payroll officers, HR managers, HR Admin Manager
- For Lead PMS and Talent Management
- For Vice President HR, Deputy Manager
- For Senior Executive-Com & Ben
- For Head HR with more than 5 years?? experience
- Understand the role of government regulation & social security in compensation globally
- Understand how globalization, sociological and demographic changes & effects compensation
- Understand the 6 components of a compensation system
- Understand the 8 steps of how to build effective variable pay systems
- Learn how to build a point plan and a job grading system to create internal equity
- Understand how to create different levels of salary benchmarks
- Understand the Hay Plan
- Understand mandated and cafeteria benefit systems & how reward planning can be used to cut compensation costs
- Learn how to build high impact compensation systems.
- Compensation and benefits is an emotive area, not only for the organizations but also for the employees
- Establishing and managing a reward structure is one of the critical cornerstones of the human resource department
- It is extremely important to design the right reward package that supports the business goals
CERTIFIED COMPENSATION & BENEFITS MANAGER at Middle Earth HR Curriculum
MODULE 1: Compensation And Benefit Environment
Environmental Factors
Governmental Regulation
Laws affecting compensation
Collective Bargaining
Social Security
Globalization / Technology
MODULE 2: Compensation Systems Overview
Components Of Compensation System
Equity Theory
MODULE 3: Building internal equity
Overall process
Job evaluation method 1 Paired comparison
Job evaluation method 2 Job Grading
Job evaluation method 3- Point plan
Job evaluation method 4- Hay plan
MODULE 4: External Equity
Overall Process
Salary Survey
MODULE 5: Individual Equity
Variable Pay Options
Steps in introducing Pay for Performance
Compensation & Recognition
MODULE 6: Benefit Plans
Benefit Plans
Cafeteria Plan
MODULE 7: Total Reward Systems
Reward Strategy Objectives
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