Middle Earth HR |Certified Compensation and Benefits Manager (Virtual Instructor Led Training)

Course Modules

Module 1: Strategy

• Learn about the motivation theories.
• Adams Equity Theory.
• Expectancy Theory.
• Know what is compensation & the components of Compensation.
• Understand the strategies in compensation.
• Devise High performance and retention compensation strategy.
• Know the elements to consider.
• Conceptualize employee compensation to revenue ratio.
• Know how to achieve profitability of company compared to competitors.
• Understand the level of automation.

Module 2: Building Compensation Structure

• Design Job Description and Internal Equity: Job Evaluation Methods.
• Understand job grading, Level Of Grades And Bands, create Grade Level And Descriptors, Grades and Benefits.
• Learn about Point Plan.
• Define A Compensable Factor And Associated Degree, Assigning Points to Degrees, Assigning Points to the jobs.
• Understand Salary Structure, Impact Of Mobility On Salary Structure, Common Components of salary structure.
• Perform an Internal Compensation Analysis, Plan the range spreads, Strategic aspects of planning a salary structure.
• Develop understanding of hardship incentives.

Module 3. Create Incentive based reward programmes.

• Understand the steps in introducing pay for performance Intent.
• Know about Skills based pay, types of Skill- Based Pay Systems, Steps in designing a Skill- Based program.

Module 4. Benchmarking & Increments

• Conduct a Salary Survey, types of Salary Survey, design of Salary Survey, periodicity Of Surveys.
• Understand the Key aspects of a salary survey, market correction based on salary survey.
• Set up annual increment policies, factors for determining salary raises.
• Understand the Performance Bell Curve.
• Know how much hike companies normally give in India, Middle East, Philippines
• Understand the ways in which budgeting can be done.
• Learn ECR Ratio, typical Ratios.
• Understand Budgeting based on incremental method.