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Course Code: HRM 180
146 Course Visits
Certified Compensation and Benefits Professional
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
Jakarta, Indonesia $4,950
02
5 Days
Riyadh, KSA $4,250
03
5 Days
Abu Dhabi, UAE $4,250
04
5 Days
Online, Virtual $2,150
05
5 Days
Dubai, UAE $4,250
06
5 Days
Riyadh, KSA $4,250
07
5 Days
El Doha , Qatar $4,250
Introduction
Training course introducion / brief
The management of compensation, benefits, and reward schemes by HR
professionals is crucial not only for retaining and motivating current
employees but also for enticing new talent to join the company.
Salary and incentive packages
often serve as primary motivators for job applicants, with more appealing
compensation and benefits typically generating greater interest in available
positions.
Implementing appropriate
compensation and benefits schemes ensures that diligent employees are fairly
rewarded in a manner that is cost-effective for the company, thereby fostering
continued high performance and motivation among staff.
This training program is
specifically crafted to address the requirements of HR professionals seeking to
enrich their expertise in compensation and benefits management.
Course Objectives
At the end of the training course, participants will be able to
· Gain a comprehensive understanding of the relevance
of compensation and reward
· Learn how to attract and keep talented employees through a robust compensation and benefit strategy.
· Explore the importance and benefits of job evaluation in managing compensation and benefits.
· Understand how to create more dedicated employees through proper compensation and benefit management.
· Understand how to provide strong benefit for employees and cost-effective for companies.
· Identify and apply current best practices in managing compensation, benefits, and rewards.
· Learn how to attract and keep talented employees through a robust compensation and benefit strategy.
· Explore the importance and benefits of job evaluation in managing compensation and benefits.
· Understand how to create more dedicated employees through proper compensation and benefit management.
· Understand how to provide strong benefit for employees and cost-effective for companies.
· Identify and apply current best practices in managing compensation, benefits, and rewards.
Course Audience
Who is this course for, and can benefit the most
This training course is designed and beneficial for professionals in the HR handling functions related to learning and development
Course Outline
The course aims and learning outcomes
Introduction to compensation and benefit
· What is Compensation?
· Why Compensation and How to set base pay?
· Compensation system
· What is Reward and what are the components of reward system?
· Main objectives of to give rewards to the employees
· Types of rewards
· Reward Strategy and Reward Policies
Compensation and Benefit Management
· Compensation objectives
· Total compensation
· Direct and indirect compensation
· Balancing compensation components
· Compensation and benefits cycle
· Internal consistency
· External consistency
· The hierarchy of needs and compensation
· What is Compensation?
· Why Compensation and How to set base pay?
· Compensation system
· What is Reward and what are the components of reward system?
· Main objectives of to give rewards to the employees
· Types of rewards
· Reward Strategy and Reward Policies
Compensation and Benefit Management
· Compensation objectives
· Total compensation
· Direct and indirect compensation
· Balancing compensation components
· Compensation and benefits cycle
· Internal consistency
· External consistency
· The hierarchy of needs and compensation
Job analysis and job descriptions
· Uses of job descriptions
· Job analysis explained
· Carrying out the job analysis process
· Conducting a proper job analysis interview
· Explaining a typical job description
Job evaluation
· Definition of job evaluation
· Job evaluation systems
· Introduction to the Hay system
· Job grading
· Sources of error in the job evaluation process
· Uses of job descriptions
· Job analysis explained
· Carrying out the job analysis process
· Conducting a proper job analysis interview
· Explaining a typical job description
Job evaluation
· Definition of job evaluation
· Job evaluation systems
· Introduction to the Hay system
· Job grading
· Sources of error in the job evaluation process
Performance Management
· Development and training
· Performance related pay
· Current best practice examples
· Contribution related pay
Performance-Based Reward and Compensation
· Theories of Compensation
· Consequences of pay dissatisfaction
· Compensation and Reward Management
· Importance of Compensation Management
Factors affecting compensation Management
· Development and training
· Performance related pay
· Current best practice examples
· Contribution related pay
Performance-Based Reward and Compensation
· Theories of Compensation
· Consequences of pay dissatisfaction
· Compensation and Reward Management
· Importance of Compensation Management
Factors affecting compensation Management
Inputs of compensation Structure
· Laws governing and affecting Pay Structure
· Recent Trends in Compensation and Reward Management
· How to manage compensation and reward in recession
· Challenges in Compensation and Reward Management
Non-financial Rewards and Empowerment Employee Benefits
· Non-financial rewards
· Employee Participation
· Employee Engagement
· Employee Benefits
· Flexible benefit systems and Cafeteria rewards
· The role of Pensions
· Laws governing and affecting Pay Structure
· Recent Trends in Compensation and Reward Management
· How to manage compensation and reward in recession
· Challenges in Compensation and Reward Management
Non-financial Rewards and Empowerment Employee Benefits
· Non-financial rewards
· Employee Participation
· Employee Engagement
· Employee Benefits
· Flexible benefit systems and Cafeteria rewards
· The role of Pensions
Benefits and Compensation Surveys
· Understanding the regional practises and effective management of benefits program and long – term benefits plan
· Role of compensation surveys
· Training on preparation of a compensation survey reports
· Training on carrying out compensation surveys
Current Best Practices
· Flexible benefits
· National minimum wage
· Commissions and sales staff
· Profit sharing
· Case study
· Action planning
· Understanding the regional practises and effective management of benefits program and long – term benefits plan
· Role of compensation surveys
· Training on preparation of a compensation survey reports
· Training on carrying out compensation surveys
Current Best Practices
· Flexible benefits
· National minimum wage
· Commissions and sales staff
· Profit sharing
· Case study
· Action planning
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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