CERTIFIED COMPENSATION & BENEFITS MANAGER

CERTIFIED COMPENSATION & BENEFITS MANAGER

Brief content:
MODULE 1:UNDERSTANDING COMP & BEN

  • Government regulations & guidelines
  • Effect of Social demographics/cultural issues
  • Compensation administration & Internet
  • Fundamentals of Social Security System

MODULE 2: BASIC REWARD SYSTEM

  • Theories affecting compensation
  • Constituents of reward system
  • Reward calculation Vs Remuneration calculation
  • Influences on total rewards
  • Cafeteria & flexible pay plans
  • Trends in compensation

MODULE 3: BASIC COMPENSATION PLANNING

  • Elements of compensation
  • Factors to consider
  • Creating a total compensation plan
  • Revising a compensation plan
  • Global trends in Comp & Ben
  • How compensation committee sees executive pay?

MODULE 4:BENEFIT PRACTICES

  • Types of benefit plans
  • Composition of benefit plans
  • Developing benefit plans
  • Administering benefit plans

MODULE 5: BUILDING PAY FOR PERFORMANCE AND INCENTIVES SCHEMES

  • Goal setting for management performance pay
  • Linking pay to performance
  • Determining best pay to motivate employees
  • Determining jobs for suitable incentive pay
  • Types of incentive pay plans
  • Administering variable pay schemes
  • Understanding the rise in use of incentive pay
  • Setting up incentive pay plan for your organization

Target audience:
Senior HR executives and professionals who develop and administer the compensation and benefits plans in an organization.

 

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