Middle Earth HR |Certified Compensation and Benefits Manager (Virtual Instructor Led Training)
Learn to become a good, certified compensation and benefits manager.
Learn to become a good, certified compensation and benefits manager.
Course Snapshot
- FeeINR 29500 + 18% GST
- Work Experience5 - 30 Years
- Delivery MethodOnline
Course Detail
Program Overview
Certified Compensation and Benefits Manager is a Strategic Program which is about wage and salary administration, remuneration management and reward management. It is concerned with designing and implementing a total compensation package.
Program Highlights
- 4 weekly 3 hour recorded sessions.
- 4 doubt clarification sessions.
- 4 weekly practical projects.
- Post Certification 1 year of coaching support
Desired Candidate Profile
- Professionals with more than 5 years of work experience.
- Professionals who are looking to enhance their skills in core areas of Comp & Ben.
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.