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Course Code: HRM 523
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Advance Compensation and Benefits
Course Sector:
HR Strategy and Training
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
London, UK $4,950
02
5 Days
Dubai, UAE $4,250
03
5 Days
Online, Virtual $2,150
Introduction
Training course introducion / brief
In today's competitive market, an organization's growth and success heavily depend on its ability to attract, retain, and develop top talent. Compensation and benefits play a pivotal role in shaping employee engagement, satisfaction, and performance.
This comprehensive five-day program will explore advanced strategies in compensation and benefits from administrative, strategic, and human perspectives. Through practical case studies, interactive sessions, and the latest research, participants will gain insights into creating effective reward systems that align with organizational goals.
Course Objectives
At the end of the training course, participants will be able to
- Describe best practices in designing and managing compensation and benefits programs.
- Analyze the economic, psychological, and motivational factors that influence reward strategies.
- Develop reward policies that align with organizational goals and employee needs.
- Evaluate the effectiveness of compensation structures in enhancing employee satisfaction and retention.
- Advocate for the use of non-financial rewards to attract, retain, and motivate employees.
Course Audience
Who is this course for, and can benefit the most
This program is designed for HR professionals, compensation and benefits specialists, payroll managers, and business leaders involved in designing, managing, and optimizing reward systems within their organizations.
Course Outline
The course aims and learning outcomes
The Foundations of Compensation and Benefits
- The importance of compensation and benefits in organizational success
- Key concepts: Total Rewards, Pay Structures, and Benefits Packages
- Legal and regulatory frameworks governing compensation
- Trends in global compensation practices
- Case Study: Analyzing compensation models in leading organizations
Interactive Exercise: Identifying gaps in current compensation policies
Designing Effective Compensation Structures
- Job evaluation and pay grading systems
- Developing a salary structure: Fixed vs. Variable Pay
- Benchmarking and market positioning
- Pay equity and managing internal/external competitiveness
- Tools for conducting compensation surveys
Workshop: Building a competitive pay structure for a hypothetical organization
Benefits Strategy and Administration
- The role of benefits in total rewards strategy
- Designing comprehensive benefits packages (healthcare, retirement plans, allowances)
- Flexible benefits programs and employee choice
- Cost-effective benefits administration
- Legal considerations in benefits management
The Psychology of Rewards
- Understanding employee motivation and behavior
- The impact of financial and non-financial rewards on performance
- Recognizing and rewarding high performance
- Creating a culture of recognition and appreciation
- Addressing generational differences in reward preferences
Group Activity: Developing a recognition program tailored to diverse employee needs
Advanced Compensation and Benefits Strategies
- Linking compensation and benefits to organizational performance
- Performance-based pay and incentives
- Managing executive compensation and rewards
- Strategies for retaining top talent through rewards
- The future of compensation and benefits: AI, digital tools, and evolving workforce needs
Final Project: Creating a comprehensive compensation and benefits strategy for your organization
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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